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Other Income (Expense), Net
9 Months Ended
Aug. 26, 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
 
Nine Months Ended
 
August 26,
2018
 
August 27,
2017
 
August 26,
2018
 
August 27,
2017
 
(Dollars in thousands)
Foreign exchange management gains (losses)(1)
$
4,537

 
$
(19,147
)
 
$
2,161

 
$
(44,521
)
Foreign currency transaction (losses) gains(2)
(11,147
)
 
1,163

 
(10,528
)
 
7,216

Interest income
2,672

 
895

 
6,502

 
2,206

Investment income
306

 
287

 
734

 
629

Other, net
600

 
2,068

 
2,175

 
2,057

Total other income (expense), net
$
(3,032
)
 
$
(14,734
)
 
$
1,044

 
$
(32,413
)

_____________
 
(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 August 26, 2018 were primarily due to favorable currency fluctuations relative to negotiated contract rates on positions to sell the British Pound and Euro. Losses in the three-month and nine-month periods ended August 27, 2017 were primarily due to unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso, the Euro and the Canadian dollar.

(2)
Foreign currency transaction gains and losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Losses in the three-month and nine-month periods ended August 26, 2018 were primarily due to the weakening of the Euro and Brazilian Real against the US dollar. Gains in the nine-month period ended August 27, 2017 were primarily due to the strengthening of the Mexican Peso and Euro against the US dollar.