Other Income (Expense), Net (Tables)

3 Months Ended

Feb. 25, 2018

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
	February 25, 2018			February 26, 2017
	(Dollars in thousands)
Foreign exchange management losses⁽¹⁾	$	(16,087	)	$	(10,244	)
Foreign currency transaction gains⁽²⁾	3,317			9,676
Interest income	2,429			617
Investment income	428			353
Other, net	336			6
Total other (expense) income, net	$	(9,577	)	$	408

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(1)

Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. Losses in the three-month period ended February 25, 2018 were primarily due to unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Euro and the British Pound. Losses in the three-month period ended February 26, 2017 were primarily due to unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso.

(2)

Foreign currency transaction gains and losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Gains in the three-month period ended February 25, 2018 were primarily due to the strengthening of the Euro against the US dollar. Gains in the three-month period ended February 26, 2017 were primarily due to the strengthening of the Mexican Peso and Euro against the US dollar.