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Other Income, Net | 9 Months Ended
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Aug. 23, 2020
Other Income and Expenses [Abstract] |
OTHER INCOME, NET | OTHER EXPENSE, NET The following table summarizes significant components of "Other expense, net":
| Three Months Ended |  |  |  | Nine Months Ended |  |
| August 23, 2020 |  | August 25, 2019 |  | August 23, 2020 |  | August 25, 2019
| (Dollars in thousands) |  |  |  |  |  |
Foreign exchange management gains (losses)(1) | $ | (10,712) |  |  | $ | 1,514 |  |  | $ | 10,114 |  |  | $ | (363) |
Foreign currency transaction losses(2) | (3,052) |  |  | (6,671) |  |  | (25,138) |  |  | (9,634) |
Interest income | 1,547 |  |  | 4,986 |  |  | 7,685 |  |  | 12,644 |
Investment income | 501 |  |  | 493 |  |  | 1,244 |  |  | 1,506 |
Other, net | (558) |  |  | (4,691) |  |  | (2,174) |  |  | (7,002) |
Total other expense, net | $ | (12,274) |  |  | $ | (4,369) |  |  | $ | (8,269) |  |  | $ | (2,849) |
_____________ (1)Gains and losses on forward foreign exchange contracts primarily resulted from currency fluctuations relative to negotiated contract rates. Losses in the three-month period ended August 23, 2020 were primarily due to unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso, Canadian Dollar and Australian Dollar. Gains in the nine-month period ended August 23, 2020 were primarily due to favorable currency fluctuations relative to negotiated contract rates on positions to sell the Euro and Mexican Peso, partially offset by unfavorable position on the British Pound. (2)Foreign currency transaction losses reflect the impact of foreign currency fluctuations on the Company's foreign currency denominated balances. Losses in the three-month and nine-month periods ended August 23, 2020 were primarily due to the weakening of most major currencies against the US dollar. Losses in the three-month and nine-month periods ended August 25, 2019 were primarily due to the weakening of the Euro against the US dollar.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI http://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI http://asc.fasb.org/topic&trid=49130413 + Details
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