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Other Income, Net (Tables) | 9 Months Ended
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Aug. 23, 2020
Other Income and Expenses [Abstract] |
Schedule of other nonoperating income (expense) | 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 Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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