Other Expense, Net (Tables)

3 Months Ended

Feb. 28, 2016

Other Income and Expenses [Abstract]

Schedule of other nonoperating income (expense)

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

	Three Months Ended
	February 28, 2016			March 1, 2015
	(Dollars in thousands)
Foreign exchange management gains(1)	$	3,736		$	7,908
Foreign currency transaction losses(2)	(8,203		)	(35,959		)
Interest income	209			460
Investment income	708			439
Other	1,331			1,124
Total other expense, net	$	(2,219	)	$	(26,028	)

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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 2016 and 2015 were primarily due to favorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso, partially offset in 2016 by unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Euro.

(2) Foreign currency transaction gains and losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Losses in 2016 were primarily due to the weakening of various currencies against the Euro. Losses in 2015 were primarily due to the weakening of various foreign currencies, particularly the Euro, against the U.S. Dollar.