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DERIVATIVE INSTRUMENTS:
12 Months Ended
Nov. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments
DERIVATIVE INSTRUMENTS: 
In the ordinary course of business, the Company is exposed to foreign currency risk, interest risk, equity risk and credit risk. The Company’s transactions in some of its foreign operations are denominated in local currency. The Company’s foreign locations enter into transactions, and own monetary assets and liabilities, that are denominated in currencies other than their functional currency. As part of its risk management strategy, the Company uses short-term forward contracts in most of the above mentioned currencies to minimize its balance sheet exposure to foreign currency risk. These derivatives are not designated as hedging instruments. The forward exchange contracts are recorded at fair value in each reporting period and any gains or losses, resulting from the changes in fair value, are recorded in earnings in the period of change. Generally, the Company does not use derivative instruments to cover interest risk, equity risk and credit risk. The Company’s policy is not to allow the use of derivatives for trading or speculative purposes. The fair value of the Company’s forward exchange contracts is also disclosed in Note 9.
The following table summarizes the fair value of the Company’s foreign exchange forward contracts as of November 30, 2012 and 2011:
  
As of November 30,
 
2012
 
2011
Other current assets
$
1,292

 
$
1

Accrued liabilities

 
324


The notional amounts of the foreign exchange forward contracts that were outstanding as of November 30, 2012 and 2011 were $128,518 and $79,468, respectively. The notional amounts represent the gross amounts of foreign currency that will be bought or sold at maturity. In relation to its forward contracts, the Company recorded in “Other income, net” gains of $10 in fiscal year 2012 and losses of $1,792, and $2,173 in fiscal years 2011 and 2010, respectively.