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Other Income (Expense), Net
 12 Months Ended
Nov. 24, 2013
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET
OTHER INCOME (EXPENSE), NET
The following table summarizes significant components of “Other income (expense), net”:
 
 
Year Ended
 
 
 
November 24,
2013
 
November 25,
2012
 
November 27,
2011
 
 
 
(Dollars in thousands)
 
 
Foreign exchange management (losses) gains(1)
$
(539
)
 
$
(9,444
)
 
$
15,310

 
 
Foreign currency transaction (losses) gains(2)
(21,697
)
 
8,512

 
(20,251
)
 
 
Interest income
1,600

 
1,514

 
1,618

 
 
Investment Income
3,019

 
525

 
863

 
 
Other
4,436

 
3,695

 
1,185

 
 
Total other income (expense), net
$
(13,181
)
 
$
4,802

 
$
(1,275
)
 
_____________
(1)
Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. Losses in 2013 were primarily due to unfavorable currency fluctuations against the U.S. Dollar relative to negotiated contract rates. Losses in 2012 primarily resulted from unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso.
(2)
Foreign currency transaction gains and losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Losses in 2013 were primarily due to the weakening of various currencies against the U.S. Dollar. Gains in 2012 were primarily due to a significant increase in Euro denominated intercompany receivables and the appreciation of the U.S. Dollar against the Japanese Yen.