Other Expense, Net (Tables)

9 Months Ended

Aug. 30, 2015

Other Income and Expenses [Abstract]

Schedule of other nonoperating income (expense)

The following table summarizes significant components of “Other expense, net”:

	Three Months Ended						Nine Months Ended
	August 30, 2015			August 24, 2014			August 30, 2015			August 24, 2014
	(Dollars in thousands)
Foreign exchange management gains (losses)(1)	$	3,102		$	(1,529	)	$	24,957		$	(7,103	)
Foreign currency transaction losses(2)	(13,805		)	(5,314		)	(57,089		)	(4,389		)
Interest income	400			506			1,059			1,534
Investment income	258			255			697			562
Other	1,729			477			3,671			1,852
Total other expense, net	$	(8,316	)	$	(5,605	)	$	(26,705	)	$	(7,544	)

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(1) Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. Gains in 2015 were primarily due to favorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso, partially offset in the three-month period by losses on embedded foreign currency derivatives.

(2) Foreign currency transaction gains and losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Losses in 2015 were primarily due to the weakening of various foreign currencies against the U.S. Dollar, particularly the Euro in the nine-month period.