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Other Income (Expense), Net (Tables)
 12 Months Ended
Nov. 27, 2016
Other Income and Expenses [Abstract]  
Schedule of other nonoperating income (expense)
The following table summarizes significant components of “Other income (expense), net”:
 
 
Year Ended
 
 
 
November 27,
2016
 
November 29,
2015
 
November 30,
2014
 
 
 
(Dollars in thousands)
 
 
Foreign exchange management gains (losses)(1)
$
15,860

 
$
34,106

 
$
(11,104
)
 
 
Foreign currency transaction (losses) gains(2)
(7,166
)
 
(64,161
)
 
(15,331
)
 
 
Interest income
1,376

 
1,253

 
1,930

 
 
Investment income
976

 
697

 
562

 
 
Other(3)
7,177

 
2,672

 
1,886

 
 
Total other income (expense), net
$
18,223

 
$
(25,433
)
 
$
(22,057
)
 
_____________
(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. Losses in 2014 were primarily due to unfavorable currency fluctuations on embedded foreign currency derivatives in certain of the Company's operating leases in Russia.
(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, 2015 and 2014 were primarily due to the weakening of various currencies against the U.S. Dollar.
(3)
Income in 2016 principally relates to business insurance recoveries.