Other Income (Expense), Net (Tables)

6 Months Ended

May 29, 2016

Other Income and Expenses [Abstract]

Schedule of other nonoperating income (expense)

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

	Three Months Ended						Six Months Ended
	May 29, 2016			May 31, 2015			May 29, 2016			May 31, 2015
	(Dollars in thousands)
Foreign exchange management (losses) gains(1)	$	(1,118	)	$	13,947		$	2,618		$	21,855
Foreign currency transaction gains (losses)(2)	4,398			(7,325		)	(3,806		)	(43,284		)
Interest income	281			199			490			659
Investment income	—			—			708			439
Other	734			818			2,066			1,942
Total other income (expense), net	$	4,295		$	7,639		$	2,076		$	(18,389	)

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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 the six-month period ended May 29, 2016 and May 31, 2015 were primarily due to favorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso, partially offset 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 2015 were primarily due to the weakening of various foreign currencies, particularly the Euro, against the U.S. Dollar.