Other Income, Net (Tables)

12 Months Ended

Nov. 29, 2020

Other Income and Expenses [Abstract]

Schedule of other nonoperating income (expense)

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

	Year Ended
	November 29, 2020		November 24, 2019		November 25, 2018
	(Dollars in thousands)
Foreign exchange management gains (losses)(1)	$	2,299	$	126	$	11,167
Foreign currency transaction (losses) gains(2)	(18,057)		(6,231)		(7,498)
Interest income	8,390		17,190		9,400
Investment income	1,243		1,509		734
Pension settlement losses(3)	(14,737)		—		—
Other	(1,612)		(10,577)		1,104
Total other income (expense), net	$	(22,474)	$	2,017	$	14,907

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(1)Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. Gains in fiscal year 2018 were primarily due to favorable currency fluctuations relative to negotiated contract rates on positions to sell the Euro and the British Pound.

(2)Foreign currency transaction gains and losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Losses in fiscal year 2020 were primarily due to the U.S. dollar weakening against most currencies during the year.

(3)Pension settlement losses relate to the voluntary lump-sum, cash-out program offered to vested deferred U.S. pension plan participants. See Note 9 for further information.