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Other Income, Net | 12 Months Ended
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Nov. 28, 2021
Other Income and Expenses [Abstract] |
OTHER INCOME (EXPENSE), NET | OTHER INCOME (EXPENSE), NET The following table summarizes significant components of "Other income (expense), net":
| Year Ended
| November 28, 2021 |  | November 29, 2020 |  | November 24, 2019
| (Dollars in thousands)
Foreign exchange management (losses) gains(1) | $ | (14,801) |  |  | $ | 2,299 |  |  | $ | 126 |
Foreign currency transaction gains (losses)(2) | 5,859 |  |  | (18,057) |  |  | (6,231) |
Interest income | 2,542 |  |  | 8,390 |  |  | 17,190 |
Investment income | 2,499 |  |  | 1,243 |  |  | 1,509 |
Pension settlement losses(3) | — |  |  | (14,737) |  |  | — |
Other | 7,353 |  |  | (1,612) |  |  | (10,577) |
Total other income (expense), net | $ | 3,452 |  |  | $ | (22,474) |  |  | $ | 2,017 |
_____________ (1)Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. Losses in fiscal year 2021 were primarily due to unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Euro and the Canadian Dollar. (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 10 for further information.

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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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