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Other Income, Net (Tables) | 6 Months Ended
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May 30, 2021
Other Income and Expenses [Abstract] |
Schedule of other nonoperating income (expense) | The following table summarizes significant components of "Other (expense) income, net":
| Three Months Ended |  | Six Months Ended
| May 30, 2021 |  | May 24, 2020 |  | May 30, 2021 |  | May 24, 2020
| (Dollars in thousands)
Foreign exchange management (losses) gains (1) | $ | (2,094) |  |  | $ | 22,547 |  |  | $ | (1,727) |  |  | $ | 20,826 |
Foreign currency transaction losses (2) | (1,326) |  |  | (22,780) |  |  | (4,561) |  |  | (22,086) |
Interest income | 398 |  |  | 1,927 |  |  | 1,106 |  |  | 6,138 |
Investment income | 2 |  |  | 2 |  |  | 1,966 |  |  | 743 |
Other, net | 2,305 |  |  | (391) |  |  | 3,589 |  |  | (1,616) |
Total other (expense) income, net | $ | (715) |  |  | $ | 1,305 |  |  | $ | 373 |  |  | $ | 4,005 |
_____________ (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 favorable 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 U.S. 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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