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Other Income, Net (Tables)
 6 Months Ended
May 24, 2020
Other Income and Expenses [Abstract]  
Schedule of other nonoperating income (expense)
The following table summarizes significant components of "Other income, net": 
 
Three Months Ended
 
Six Months Ended
 
May 24,
2020
 
May 26,
2019
 
May 24,
2020
 
May 26,
2019
 
(Dollars in thousands)
Foreign exchange management gains (losses)(1)
$
22,547

 
$
4,261

 
$
20,826

 
$
(1,877
)
Foreign currency transaction losses(2)
(22,780
)
 
(5,584
)
 
(22,086
)
 
(2,963
)
Interest income
1,927

 
3,647

 
6,138

 
7,658

Investment income
2

 
6

 
743

 
1,013

Other, net
(391
)
 
836

 
(1,616
)
 
(2,311
)
Total other income, net
$
1,305

 
$
3,166

 
$
4,005

 
$
1,520


_____________
(1)
Gains and losses on forward foreign exchange contracts primarily resulted from currency fluctuations relative to negotiated contract rates. Gains in the three-month and six-month periods ended May 24, 2020 were primarily due to unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso, Euro and Canadian Dollar.
(2)
Foreign currency transaction losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Losses in the three-month and six-month periods ended May 24, 2020 were primarily due to the weakening of most major currencies against the US dollar.