Income Taxes (Tables)

12 Months Ended

Nov. 24, 2013

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The U.S. and foreign components of income before income taxes were as follows:

	Year Ended
	November 24, 2013		November 25, 2012		November 27, 2011
	(Dollars in thousands)
Domestic	$	86,167	$	82,764	$	114,236
Foreign	236,446		113,117		88,591
Total Income before Income Taxes	$	322,613	$	195,881	$	202,827

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense (benefit) consisted of the following:

	Year Ended
	November 24, 2013		November 25, 2012			November 27, 2011
	(Dollars in thousands)
U.S. Federal
Current	$	11,294	$	15,334		$	19,992
Deferred	20,597		29,537			40,435
	$	31,891	$	44,871		$	60,427
U.S. State
Current	$	3,732	$	(34,603	)	$	(10	)
Deferred	3,607		(2,956		)	(617		)
	$	7,339	$	(37,559	)	$	(627	)
Foreign
Current	$	41,931	$	54,338		$	31,580
Deferred	13,316		(6,728		)	(23,665		)
	$	55,247	$	47,610		$	7,915
Consolidated
Current	$	56,957	$	35,069		$	51,562
Deferred	37,520		19,853			16,153
Total Income Tax Expense	$	94,477	$	54,922		$	67,715

Schedule of effective income tax rate reconciliation

The Company's income tax expense differed from the amount computed by applying the U.S. federal statutory income tax rate of 35% to income before income taxes as follows:

	Year Ended
	November 24, 2013					November 25, 2012					November 27, 2011
	(Dollars in thousands)
Income tax expense at U.S. federal statutory rate	$	112,914		35.0	%	$	68,558		35.0	%	$	70,990		35.0	%
State income taxes, net of U.S. federal impact	3,994			1.2	%	892			0.5	%	1,535			0.8	%
Change in valuation allowance	5,169			1.6	%	(1,329		)	(0.7	)%	(2,421		)	(1.2	)%
Impact of foreign operations	(17,160		)	(5.3	)%	7,313			3.7	%	(2,148		)	(1.1	)%
Reassessment of tax liabilities	(15,215		)	(4.7	)%	(29,500		)	(15.1	)%	(51		)	—
Write-off of deferred tax assets	4,289			1.3	%	9,061			4.6	%	—			—
Other, including non-deductible expenses	486			0.2	%	(73		)	—		(190		)	(0.1	)%
Total	$	94,477		29.3	%	$	54,922		28.0	%	$	67,715		33.4	%

Summary of valuation allowance

Valuation Allowance. The following table details the changes in valuation allowance during the year ended November 24, 2013:

		Valuation Allowance at November 25, 2012		Changes in Related Gross Deferred Tax Asset		Charge		Valuation Allowance at November 24, 2013
	(Dollars in thousands)
U.S. state net operating loss carryforwards		$	—	$	—	$	3,824	$	3,824
Foreign net operating loss carryforwards and other foreign deferred tax assets		74,456		16,401		1,345		92,202
		$	74,456	$	16,401	$	5,169	$	96,026

Schedule of deferred tax assets and liabilities

The Company's deferred tax assets and deferred tax liabilities were as follows:

	November 24, 2013			November 25, 2012
	(Dollars in thousands)
Deferred tax assets
Foreign tax credit carryforwards	$	176,222		$	180,890
State net operating loss carryforwards	15,587			13,030
Foreign net operating loss carryforwards	95,542			82,748
Employee compensation and benefit plans	240,198			300,796
Advance royalties	55,581			82,799
Restructuring and special charges	21,474			29,031
Sales returns and allowances	31,706			33,372
Inventory	16,469			14,261
Property, plant and equipment	21,426			18,504
Unrealized gains/losses on investments	7,971			9,720
Other	51,645			38,445
Total gross deferred tax assets	733,821			803,596
Less: Valuation allowance	(96,026		)	(74,456		)
Deferred tax assets, net of valuation allowance	637,795			729,140
Deferred tax liabilities
Unremitted earnings of certain foreign subsidiaries	(3,690		)	—
Total deferred tax liabilities	(3,690		)	—
Total net deferred tax assets	$	634,105		$	729,140
Current
Net deferred tax assets	$	196,581		$	125,804
Valuation allowance	(9,503		)	(9,580		)
Total current net deferred tax assets	$	187,078		$	116,224
Long-term
Net deferred tax assets	$	533,550		$	677,792
Valuation allowance	(86,523		)	(64,876		)
Total long-term net deferred tax assets	$	447,027		$	612,916

Schedule of unrecognized tax benefits roll forward

The following table reflects the changes to the Company's unrecognized tax benefits for the year ended November 24, 2013, and November 25, 2012:

	November 24, 2013			November 25, 2012
	(Dollars in thousands)
Unrecognized tax benefits beginning balance	$	63,626		$	143,397
Increases related to current year tax positions	2,839			5,216
Increases related to tax positions from prior years	1,650			3,018
Decreases related to tax positions from prior years	—			(97		)
Settlement with tax authorities	(23,380		)	(83,852		)
Lapses of statutes of limitation	(7,026		)	(3,126		)
Other, including foreign currency translation	127			(930		)
Unrecognized tax benefits ending balance	$	37,836		$	63,626

Summary of tax years under audit or open and subject to audit

The following table summarizes the tax years that are either currently under audit or remain open and subject to examination by the tax authorities in the major jurisdictions in which the Company operates:

Jurisdiction	Open Tax Years
U.S. federal	2007 – 2013
California	2003 – 2013
Belgium	2010 – 2013
United Kingdom	2008 – 2013
Spain	2008 – 2013
Mexico	2007 – 2013
Canada	2004 – 2013
Hong Kong	2007 – 2013
Italy	2008 – 2013
France	2010 – 2012
Turkey	2008 – 2013