Other Income (Expense), Net (Tables)

9 Months Ended

Aug. 28, 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						Nine Months Ended
	August 28, 2016			August 30, 2015			August 28, 2016			August 30, 2015
	(Dollars in thousands)
Foreign exchange management (losses) gains(1)	$	(8,232	)	$	3,102		$	(5,614	)	$	24,957
Foreign currency transaction gains (losses)(2)	9,496			(13,805		)	5,690			(57,089		)
Interest income	368			400			858			1,059
Investment income	268			258			976			697
Other	2,779			1,729			4,845			3,671
Total other income (expense), net	$	4,679		$	(8,316	)	$	6,755		$	(26,705	)

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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 nine-month period ended August 30, 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.