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Other Income, Net | 6 Months Ended
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May 29, 2022
Other Income and Expenses [Abstract] |
OTHER INCOME, NET | OTHER INCOME (EXPENSE), NET The following table summarizes significant components of "Other income (expense), net":
| Three Months Ended |  | Six Months Ended
| May 29, 2022 |  | May 30, 2021 |  | May 29, 2022 |  | May 30, 2021
| (Dollars in thousands)
Foreign exchange management losses(1) | $ | (7,526) |  |  | $ | (2,094) |  |  | $ | (5,205) |  |  | $ | (1,727) |
Foreign currency transaction gains (losses)(2) | 8,707 |  |  | (1,326) |  |  | 6,496 |  |  | (4,561) |
COVID-19 government subsidy gain(3) | — |  |  | — |  |  | 12,524 |  |  | — |
Other, net | 4,823 |  |  | 2,705 |  |  | 8,086 |  |  | 6,661 |
Total other income (expense), net | $ | 6,004 |  |  | $ | (715) |  |  | $ | 21,901 |  |  | $ | 373 |
_____________ (1)Losses on forward foreign exchange contracts primarily resulted from currency fluctuations relative to negotiated contract rates. (2)Foreign currency transaction gains (losses) reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. (3)COVID-19 government subsidy gain reflects a payment received from the German government as reimbursement for COVID-19 losses incurred in prior years.

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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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