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Stockholders' Equity
 12 Months Ended
Dec. 01, 2017
Equity [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) and activity, net of related taxes, for fiscal 2017 were as follows (in thousands):
 
December 2,
2016
 
Increase / Decrease
 
Reclassification Adjustments
 
December 1,
2017
Net unrealized gains / losses on available-for-sale securities:
 
 
 
 
 
 
 
Unrealized gains on available-for-sale securities
$
3,499

 
$
878

 
$
(1,673
)
 
$
2,704

Unrealized losses on available-for-sale securities
(11,565
)
 
(3,381
)
 
726

 
(14,220
)
Total net unrealized gains / losses on available-for-sale securities
(8,066
)
 
(2,503
)
 
(947
)
(1 
) 
(11,516
)
Net unrealized gains / losses on derivative instruments designated as hedging instruments
21,689

 
6,917

 
(31,973
)
(2 
) 
(3,367
)
Cumulative foreign currency translation adjustments
(187,225
)
 
90,287

 
—

 
(96,938
)
Total accumulated other comprehensive income (loss), net of taxes
$
(173,602
)
 
$
94,701

 
$
(32,920
)
 
$
(111,821
)
_________________________________________ 
(1) 
Reclassification adjustments for gains / losses on available-for-sale securities are classified in interest and other income (expense), net.
(2) 
Reclassification adjustments for gains / losses on other derivative instruments are classified in revenue.

The following table sets forth the taxes related to each component of other comprehensive income for fiscal 2017, 2016 and 2015 (in thousands):
 
 
2017
 
2016
 
2015
Available-for-sale securities:
 
 
 
 
 
 
Unrealized gains / losses
 
$
663

 
$
(299
)
 
$
(154
)
Reclassification adjustments
 
(491
)
 
108

 
—

Subtotal available-for-sale securities
 
172

 
(191
)
 
(154
)
Derivatives designated as hedging instruments:
 
 
 
 
 
 
Unrealized gains on derivative instruments*
 
—

 
—

 
6,147

Reclassification adjustments*
 
(732
)
 
(552
)
 
(550
)
Subtotal derivatives designated as hedging instruments
 
(732
)
 
(552
)
 
5,597

Foreign currency translation adjustments
 
3,005

 
24

 
(3,378
)
Total taxes, other comprehensive income (loss)
 
$
2,445

 
$
(719
)
 
$
2,065


_________________________________________ 
(*) 
Taxes related to derivative instruments other than the interest rate lock agreement were zero based on the tax jurisdiction where these derivative instruments were executed.
Stock Repurchase Program 
To facilitate our stock repurchase program, designed to return value to our stockholders and minimize dilution from stock issuances, we may repurchase shares in the open market or enter into structured repurchase agreements with third parties. In January 2017, our Board of Directors approved a new stock repurchase program granting us authority to repurchase up to $2.5 billion in common stock through the end of fiscal 2019. The new stock repurchase program approved by our Board of Directors is similar to our previous stock repurchase programs.
During fiscal 2017, 2016 and 2015, we entered into several structured stock repurchase agreements with large financial institutions, whereupon we provided them with prepayments totaling $1.10 billion, $1.08 billion, and $625 million, respectively. We enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the Volume Weighted Average Price (“VWAP”) of our common stock over a specified period of time. We only enter into such transactions when the discount that we receive is higher than our estimate of the expected foregone return on our cash prepayments to the financial institutions. There were no explicit commissions or fees on these structured repurchases. Under the terms of the agreements, there is no requirement for the financial institutions to return any portion of the prepayment to us.
The financial institutions agree to deliver shares to us at monthly intervals during the contract term. The parameters used to calculate the number of shares deliverable are: the total notional amount of the contract, the number of trading days in the contract, the number of trading days in the interval and the average VWAP of our stock during the interval less the agreed upon discount. During fiscal 2017, we repurchased approximately 8.2 million shares at an average price per share of $134.20 through structured repurchase agreements entered into during fiscal 2017 and fiscal 2016. During fiscal 2016, we repurchased approximately 10.4 million shares at an average price per share of $97.16 through structured repurchase agreements entered into during fiscal 2016 and fiscal 2015. During fiscal 2015, we repurchased approximately 8.1 million shares at an average price per share of $77.38 through structured repurchase agreements entered into during fiscal 2015 and fiscal 2014.
For fiscal 2017, 2016 and 2015, the prepayments were classified as treasury stock on our Consolidated Balance Sheets at the payment date, though only shares physically delivered to us by December 1, 2017, December 2, 2016 and November 27, 2015 were excluded from the computation of earnings per share. As of December 1, 2017, $101.5 million of prepayments remained under the agreement.
Subsequent to December 1, 2017, as part of the 2017 stock repurchase authority, we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $300 million. This amount will be classified as treasury stock on our Consolidated Balance Sheets. Upon completion of the $300 million stock repurchase agreement, $1.6 billion remains under our current authority.