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Other Income (Expense), Net
6 Months Ended
May 27, 2018
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET
OTHER INCOME (EXPENSE), NET
The following table summarizes significant components of "Other income (expense), net": 
 
Three Months Ended
 
Six Months Ended
 
May 27,
2018
 
May 28,
2017
 
May 27,
2018
 
May 28,
2017
 
(Dollars in thousands)
Foreign exchange management gains (losses)(1)
$
13,711

 
$
(15,130
)
 
$
(2,376
)
 
$
(25,374
)
Foreign currency transaction (losses) gains(2)
(2,698
)
 
(3,623
)
 
619

 
6,053

Interest income
1,401

 
694

 
3,830

 
1,311

Investment (expense) income

 
(11
)
 
428

 
342

Other, net
1,239

 
(17
)
 
1,575

 
(11
)
Total other income (expense), net
$
13,653

 
$
(18,087
)
 
$
4,076

 
$
(17,679
)

_____________
 
(1)
Gains and losses on forward foreign exchange contracts primarily resulted from currency fluctuations relative to negotiated contract rates. Gains in the three-month period ended May 27, 2018 were primarily due to favorable currency fluctuations relative to negotiated contract rates on positions to sell the Euro, Mexican Peso and British Pound. Losses in the three-month and six-month periods ended May 28, 2017 were primarily due to unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso and Euro.

(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 six-month period ended May 28, 2017 were primarily due to the strengthening of the Mexican Peso and Euro against the US dollar.