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Other Income (Expense), Net
 12 Months Ended
Nov. 30, 2014
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 30,
2014
 
November 24,
2013
 
November 25,
2012
 
 
 
(Dollars in thousands)
 
 
Foreign exchange management (losses) gains(1)
$
(11,104
)
 
$
(539
)
 
$
(9,444
)
 
 
Foreign currency transaction (losses) gains(2)
(15,331
)
 
(21,697
)
 
8,512

 
 
Interest income
1,930

 
1,600

 
1,514

 
 
Investment Income
562

 
3,019

 
525

 
 
Other
1,886

 
4,436

 
3,695

 
 
Total other income (expense), net
$
(22,057
)
 
$
(13,181
)
 
$
4,802

 
_____________
(1)
Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. Losses in 2014 were primarily due to unfavorable currency fluctuations on embedded foreign currency derivatives in certain of the Company's operating leases in Russia. 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 2014 and 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.