XML 49 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Income (Expense), Net (Details) - USD ($)
$ in Thousands
3 Months Ended
Feb. 25, 2018
Feb. 26, 2017
Other Income and Expenses [Abstract]    
Foreign exchange management gains (losses) [1] $ (16,087) $ (10,244)
Foreign currency transaction (losses) 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
[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.