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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Nov. 29, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Carrying values of derivative instruments and non-derivative instruments
The table below presents, by type of financial instrument, the gross amounts of the Company's derivative instruments, amounts offset due to master netting arrangements with the Company's various counterparties, and the net amounts recognized on the Company's consolidated balance sheets:
 
November 29, 2015
 
November 30, 2014
 
Gross Amounts of Recognized Assets / (Liabilities)
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts of Assets / (Liabilities) Presented in the Statement of Financial Position
 
Gross Amounts of Recognized Assets / (Liabilities)
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts of Assets / (Liabilities) Presented in the Statement of Financial Position
 
 
 
 
 
 
(Dollars in thousands)
Over-the-counter forward foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
Financial assets
$
30,837

 
$
(4,930
)
 
$
25,907

 
$
15,555

 
$
(6,908
)
 
$
8,647

Financial liabilities
(7,599
)
 
4,930

 
(2,669
)
 
(9,587
)
 
6,908

 
(2,679
)
Total
 
 
 
 
$
23,238

 
 
 
 
 
$
5,968

Embedded derivative contracts
 
 
 
 
 
 
 
 
 
 
 
Financial assets
$
1,224

 
$
—

 
$
1,224

 
$
1,865

 
$
—

 
$
1,865

Financial liabilities
(5,140
)
 
—

 
(5,140
)
 
(7,675
)
 
—

 
(7,675
)
Total
 
 
 
 
$
(3,916
)
 
 
 
 
 
$
(5,810
)
The table below provides data about the carrying values of derivative instruments and non-derivative instruments:
 
November 29, 2015
 
November 30, 2014
 
Assets
 
(Liabilities)
 
Derivative Net Carrying Value
 
Assets
 
(Liabilities)
 
Derivative Net Carrying Value
 
Carrying
Value
 
Carrying
Value
 
 
Carrying
Value
 
Carrying
Value
 
 
(Dollars in thousands)
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Forward foreign exchange contracts(1)
$
31,808

 
$
(4,677
)
 
$
27,131

 
$
15,587

 
$
(5,076
)
 
$
10,511

Forward foreign exchange contracts(2)
253

 
(8,062
)
 
(7,809
)
 
1,833

 
(12,186
)
 
(10,353
)
Total
$
32,061

 
$
(12,739
)
 
 
 
$
17,420

 
$
(17,262
)
 
 
Non-derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Yen-denominated Eurobonds
$
—

 
$
(7,832
)
 
 
 
$
—

 
$
(10,195
)
 
 

_____________
(1)
Included in “Other current assets” or “Other non-current assets” on the Company’s consolidated balance sheets.
(2)
Included in “Other accrued liabilities” on the Company’s consolidated balance sheets.
Gains and losses included in AOCI
The table below provides data about the amount of gains and losses related to derivative instruments and non-derivative instruments designated as net investment hedges included in “Accumulated other comprehensive loss” (“AOCI”) on the Company’s consolidated balance sheets, and in “Other income (expense), net” in the Company’s consolidated statements of income:
 
Gain or (Loss)
Recognized in AOCI
(Effective Portion)
 
Gain or (Loss) Recognized in Other
Income (Expense), net (Ineffective
Portion and Amount Excluded from
Effectiveness Testing)
 
As of
 
As of
 
Year Ended
November 29,
2015
November 30,
2014
November 29,
2015
 
November 30,
2014
 
November 24,
2013
 
(Dollars in thousands)
 
 
Forward foreign exchange contracts
$
4,637

 
$
4,637

 


 


 


Yen-denominated Eurobonds
(18,982
)
 
(19,367
)
 
$
965

 
$
3,767

 
$
3,839

Euro senior notes
(15,751
)
 
(15,751
)
 
—

 
—

 
—

Cumulative income taxes
11,849

 
8,760

 
 
 
 
 
 
Total
$
(18,247
)
 
$
(21,721
)
 
 
 
 
 
 
Gains and losses included in statements of income
The table below provides data about the amount of gains and losses related to derivatives not designated as hedging instruments included in “Other income (expense), net” in the Company’s consolidated statements of income:
 
Gain or (Loss)
 
Year Ended
 
November 29,
2015
 
November 30,
2014
 
November 24,
2013
 
(Dollars in thousands)
Forward foreign exchange contracts:
 
 
 
 
 
Realized
$
14,720

 
$
(6,184
)
 
$
(2,904
)
Unrealized
19,386

 
(4,920
)
 
2,365

Total
$
34,106

 
$
(11,104
)
 
$
(539
)