Other Income, Net

3 Months Ended

Feb. 23, 2020

Other Income and Expenses [Abstract]

OTHER INCOME, NET

OTHER INCOME (EXPENSE), NET

The following table summarizes significant components of "Other income (expense), net":

	Three Months Ended
	February 23, 2020			February 24, 2019
	(Dollars in thousands)
Foreign exchange management losses(1)	$	(1,721	)	$	(6,138	)
Foreign currency transaction gains	694			2,621
Interest income	4,211			4,011
Investment income	741			1,007
Other, net	(1,225		)	(3,147		)
Total other income (expense), net	$	2,700		$	(1,646	)

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(1) Gains and losses on forward foreign exchange contracts primarily resulted from currency fluctuations relative to negotiated contract rates. Losses in the three-month periods ended February 23, 2020 and February 24, 2019 were primarily due to unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso.