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Other Income (Expense), Net
3 Months Ended
Feb. 26, 2012
Other Income (Expense), Net [Abstract]  
OTHER INCOME (EXPENSE), NET

NOTE 8:  OTHER INCOME (EXPENSE), NET

 

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

 

   Three Months Ended
   February 26, February 27,
   2012 2011
   (Dollars in thousands)
        
Foreign exchange management losses (1)$ (15,252) $ (8,096)
Foreign currency transaction gains (2)  15,441   942
Interest income  347   415
Other  636   780
  Total other income (expense), net$ 1,172 $ (5,959)

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  • Losses on forward foreign exchange contracts primarily resulted from unfavorable currency fluctuations relative to negotiated contract rates.

     

  • Foreign currency transaction gains in 2012 were primarily due to the appreciation of various foreign currencies against the U.S. Dollar.