Income Taxes (Tables)

12 Months Ended

Nov. 29, 2015

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 29, 2015		November 30, 2014		November 24, 2013
	(Dollars in thousands)
Domestic	$	194,540	$	31,733	$	86,167
Foreign	115,858		122,121		236,446
Total income before income taxes	$	310,398	$	153,854	$	322,613

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

Income tax expense (benefit) consisted of the following:

	Year Ended
	November 29, 2015			November 30, 2014			November 24, 2013
	(Dollars in thousands)
U.S. Federal
Current	$	3,299		$	15,470		$	11,294
Deferred	56,155			(1,983		)	20,597
	$	59,454		$	13,487		$	31,891
U.S. State
Current	$	1,334		$	4,096		$	3,732
Deferred	7,604			(4,089		)	3,607
	$	8,938		$	7		$	7,339
Foreign
Current	$	37,488		$	58,156		$	41,931
Deferred	(5,373		)	(22,105		)	13,316
	$	32,115		$	36,051		$	55,247
Consolidated
Current	$	42,121		$	77,722		$	56,957
Deferred	58,386			(28,177		)	37,520
Total income tax expense	$	100,507		$	49,545		$	94,477

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 29, 2015					November 30, 2014					November 24, 2013
	(Dollars in thousands)
Income tax expense at U.S. federal statutory rate	$	108,639		35.0	%	$	53,849		35.0	%	$	112,914		35.0	%
State income taxes, net of U.S. federal impact	8,938			2.9	%	7			—		3,994			1.2	%
Change in valuation allowance	—			—		—			—		5,169			1.6	%
Impact of foreign operations	(7,286		)	(2.3	)%	(5,296		)	(3.4	)%	(17,160		)	(5.3	)%
Reassessment of tax liabilities	(7,577		)	(2.4	)%	(3,466		)	(2.3	)%	(15,215		)	(4.7	)%
Deduction for investment in subsidiary	(8,060		)	(2.6	)%	—			—		—			—
Write-off of deferred tax assets	1,718			0.6	%	4,899			3.2	%	4,289			1.3	%
Other, including non-deductible expenses	4,135			1.2	%	(448		)	(0.3	)%	486			0.2	%
Total	$	100,507		32.4	%	$	49,545		32.2	%	$	94,477		29.3	%

Summary of valuation allowance

Valuation Allowance. The following table details the changes in valuation allowance during the year ended November 29, 2015:

		Valuation Allowance at November 30, 2014		Changes in Related Gross Deferred Tax Asset			Charge		Valuation Allowance at November 29, 2015
	(Dollars in thousands)
U.S. state net operating loss carryforwards		$	3,500	$	—		$	—	$	3,500
Foreign net operating loss carryforwards and other foreign deferred tax assets		86,314		(14,061		)	—		72,253
		$	89,814	$	(14,061	)	$	—	$	75,753

Schedule of deferred tax assets and liabilities

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

	November 29, 2015			November 30, 2014
	(Dollars in thousands)
Deferred tax assets
Foreign tax credit carryforwards	$	116,862		$	120,793
State net operating loss carryforwards	12,412			13,014
Foreign net operating loss carryforwards	91,235			87,062
Employee compensation and benefit plans	255,458			272,970
Advance royalties	69,881			99,649
Restructuring and related charges	31,915			49,654
Sales returns and allowances	26,461			33,078
Inventory	17,196			14,533
Property, plant and equipment	16,459			14,966
Other	17,528			45,155
Total gross deferred tax assets	655,407			750,874
Less: Valuation allowance	(75,753		)	(89,814		)
Deferred tax assets, net of valuation allowance	579,654			661,060
Deferred tax liabilities
Unrealized gains or losses on investments	(344		)	(196		)
Total net deferred tax assets	$	579,310		$	660,864
Net deferred tax assets	$	655,063		$	750,678
Valuation allowance	(75,753		)	(89,814		)
Total net deferred tax assets	$	579,310		$	660,864

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 29, 2015, and November 30, 2014:

	November 29, 2015			November 30, 2014
	(Dollars in thousands)
Unrecognized tax benefits beginning balance	$	41,571		$	37,836
Increases related to current year tax positions	3,687			3,863
Increases related to tax positions from prior years	—			4,858
Decreases related to tax positions from prior years	(4,723		)	—
Settlement with tax authorities	—			—
Lapses of statutes of limitation	(7,576		)	(4,715		)
Other, including foreign currency translation	(255		)	(271		)
Unrecognized tax benefits ending balance	$	32,704		$	41,571

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	2009 – 2015
California	2006 – 2015
Belgium	2012 – 2015
United Kingdom	2013 – 2015
Spain	2011 – 2015
Mexico	2010 – 2015
Canada	2004 – 2015
China	2011 – 2015
Hong Kong	2011 – 2015
India	2008 – 2015
Italy	2007 – 2015
France	2012 – 2015
Japan	2011 – 2015
Russia	2014 – 2015
Germany	2009 – 2015