v3.3.1.900

Pension and Other Postretirement Plans (Tables) | 12 Months Ended
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Nov. 28, 2015
Compensation and Retirement Disclosure [Abstract] |
Schedule of net funded status | The following tables show reconciliations of the changes in benefit obligations and plan assets for our pension plans and other postretirement benefits plan as of November 30, 2015 and 2014. The accrued pension benefit obligation includes an unfunded benefit obligation of $2,041 and $2,358 as of November 30, 2015 and 2014, respectively, related to the Company’s U.S. combined nonqualified plans.
| Pension Benefits |  | Other Postretirement Benefits
| 2015 |  | 2014 |  | 2015 |  | 2014
Change in benefit obligation |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 204,982 |  |  | $ | 176,099 |  |  | $ | 397 |  |  | $ | 356 |
Currency translation | (450 | ) |  | (357 | ) |  | — |  |  | — |
Service cost | 1,905 |  |  | 1,990 |  |  | — |  |  | — |
Interest cost | 7,676 |  |  | 7,704 |  |  | 12 |  |  | 10 |
Plan participants' contributions | 18 |  |  | 22 |  |  | — |  |  | — |
Curtailment | (2,193 | ) |  | — |  |  | — |  |  | — |
Actuarial (gains) losses | (8,209 | ) |  | 27,232 |  |  | (78 | ) |  | 17 |
Benefits paid | (8,213 | ) |  | (7,708 | ) |  | (180 | ) |  | (197 | )
Retiree contributions | — |  |  | — |  |  | 190 |  |  | 211 |
Benefit obligation at end of year | $ | 195,516 |  |  | $ | 204,982 |  |  | $ | 341 |  |  | $ | 397 |
| Pension Benefits |  | Other Postretirement Benefits
| 2015 |  | 2014 |  | 2015 |  | 2014
Change in plan assets |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year | $ | 172,280 |  |  | $ | 156,384 |  |  | $ | — |  |  | $ | — |
Currency translation | (428 | ) |  | (348 | ) |  | — |  |  | — |
Actual return on plan assets | 343 |  |  | 23,396 |  |  | — |  |  | — |
Employer contributions | 488 |  |  | 534 |  |  | 180 |  |  | 197 |
Plan participants' contributions | 18 |  |  | 22 |  |  | — |  |  | — |
Benefits paid | (8,213 | ) |  | (7,708 | ) |  | (180 | ) |  | (197 | )
Fair value of plan assets at end of year | $ | 164,488 |  |  | $ | 172,280 |  |  | $ | — |  |  | $ | — |
Funded status | $ | (31,028 | ) |  | $ | (32,702 | ) |  | $ | (341 | ) |  | $ | (397 | )
Accumulated benefit obligation at end of year | $ | 191,849 |  |  | $ | 199,476 |  |  | n/a |  | n/a
Assumptions: |  |  |  |  |  |  |  |  |  |  |
Discount rate - qualified plans | 4.00% |  | 3.75% |  | 3.25% |  | 3.25%
Discount rate - nonqualified plans | 3.25% |  | 3.00% |  | n/a |  | n/a
Rate of compensation increase - qualified plans | 4.00% |  | 4.00% |  | n/a |  | n/a
Rate of compensation increase - nonqualified plans | 4.00% |  | 4.00% |  | n/a |  | n/a
Measurement date | 11/30/2015 |  | 11/30/2014 |  | 11/30/2015 |  | 11/30/2014
Schedule of amounts recognized in balance sheet |
| Pension Benefits |  | Other Postretirement Benefits
| 2015 |  | 2014 |  | 2015 |  | 2014
Amounts recognized in the Consolidated Balance Sheets as of November 30 |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | (159 | ) |  | $ | (221 | ) |  | $ | (47 | ) |  | $ | (59 | )
Long-term pension and postretirement healthcare benefits liabilities | (30,869 | ) |  | (32,481 | ) |  | (294 | ) |  | (338 | )
Funded status | $ | (31,028 | ) |  | $ | (32,702 | ) |  | $ | (341 | ) |  | $ | (397 | )
Accumulated other comprehensive loss, pre-tax | $ | 58,137 |  |  | $ | 61,096 |  |  | $ | (1,214 | ) |  | $ | (1,346 | )
Amounts recognized in Accumulated Other Comprehensive Loss, as of November 30 |  |  |  |  |  |  |  |  |  |  |
Unrecognized net actuarial loss (gain) | $ | 58,136 |  |  | $ | 61,098 |  |  | $ | (864 | ) |  | $ | (873 | )
Unrecognized net prior service credit | 1 |  |  | (2 | ) |  | (350 | ) |  | (473 | )
Accumulated other comprehensive loss, pre-tax | 58,137 |  |  | 61,096 |  |  | (1,214 | ) |  | (1,346 | )
Deferred taxes | (21,380 | ) |  | (22,535 | ) |  | 423 |  |  | 475 |
Accumulated other comprehensive loss, after-tax | $ | 36,757 |  |  | $ | 38,561 |  |  | $ | (791 | ) |  | $ | (871 | )
Schedule of defined benefit plan amounts recognized in other comprehensive income (loss) | The amounts affecting Accumulated other comprehensive loss for the years ended November 30, 2015 and 2014 are as follows:
| Pension Benefits |  | Other Postretirement Benefits
| 2015 |  | 2014 |  | 2015 |  | 2014
Amortization of prior service (cost) credit, net of tax of $(2), $(5) and $(43), $(43), respectively | $ | — |  |  | $ | 5 |  |  | $ | 79 |  |  | $ | 79 |
Amortization of actuarial (losses) gains, net of tax of $1,351, $1,063 and $(30), $(52), respectively | (2,324 | ) |  | (1,821 | ) |  | 57 |  |  | 95 |
Current year actuarial losses (gains), net of tax of $(1,081), $(5,559) and $27, $(6), respectively | 1,827 |  |  | 9,509 |  |  | (51 | ) |  | 11 |
Curtailment gain, net of tax of $797, $0 and $0, $0, respectively | (1,396 | ) |  | — |  |  | — |  |  | — |
Effect of change in deferred tax rate | 150 |  |  | (78 | ) |  | (6 | ) |  | (11 | )
Total | $ | (1,743 | ) |  | $ | 7,615 |  |  | $ | 79 |  |  | $ | 174 |
Schedule of allocation of plan assets | As of the November 30 measurement dates, the fair values of actual pension asset allocations were as follows:
| 2015 |  | 2014
Equity securities | 40.3 | % |  | 39.9 | %
Debt securities | 59.2 | % |  | 59.5 | %
Real estate | — | % |  | — | %
Cash and cash equivalents | 0.5 | % |  | 0.6 | %
| 100.0 | % |  | 100.0 | %
Schedule of fair value, assets and liabilities measured on recurring basis | The following table summarizes the fair value of the pension plans’ assets.
| Fair Value Measurements at Reporting Date
| Total |  | Level 1 |  | Level 2 |  | Level 3
November 30, 2015 |  |  |  |  |  |  |
U.S. equity securities funds | $ | 45,744 |  |  | $ | 45,744 |  |  | $ | — |  |  | $ | — |
Non-U.S. equity securities funds | 20,466 |  |  | 20,466 |  |  | — |  |  | — |
Fixed income securities funds | 97,373 |  |  | 97,373 |  |  | — |  |  | — |
Cash and equivalents funds | 625 |  |  | 625 |  |  | — |  |  | — |
Total | $ | 164,208 |  |  | $ | 164,208 |  |  | $ | — |  |  | $ | — |
Other items to reconcile to fair value of plan assets | 280 |  |  |  |  |  |  |  |  |  |
Fair value of plan assets | $ | 164,488 |  |  |  |  |  |  |  |  |  |
| Fair Value Measurements at Reporting Date
| Total |  | Level 1 |  | Level 2 |  | Level 3
November 30, 2014 |  |  |  |  |  |  |
U.S. equity securities funds | $ | 47,181 |  |  | $ | 47,181 |  |  | $ | — |  |  | $ | — |
Non-U.S. equity securities funds | 21,546 |  |  | 21,546 |  |  | — |  |  | — |
Fixed income securities funds | 102,561 |  |  | 102,561 |  |  | — |  |  | — |
Cash and equivalents funds | 703 |  |  | 703 |  |  | — |  |  | — |
Total | $ | 171,991 |  |  | $ | 171,991 |  |  | $ | — |  |  | $ | — |
Other items to reconcile to fair value of plan assets | 289 |  |  |  |  |  |  |  |  |  |
Fair value of plan assets | $ | 172,280 |  |  |  |  |  |  |  |  |  |
Schedule of net benefit costs | The components of net periodic benefit income for postretirement healthcare benefits are shown below.
| Other Postretirement Benefits
| 2015 |  | 2014 |  | 2013
Components of net periodic benefit income |  |  |  |  |
Interest cost | $ | 12 |  |  | $ | 10 |  |  | $ | 9 |
Amortization of unrecognized: |  |  |  |  |  |  |
Prior service cost | (122 | ) |  | (122 | ) |  | (122 | )
Net actuarial gain | (87 | ) |  | (147 | ) |  | (149 | )
Net periodic benefit income | $ | (197 | ) |  | $ | (259 | ) |  | $ | (262 | )
Assumptions: |  |  |  |  |  |  |
Discount rate | 3.25 | % |  | 3.00 | % |  | 2.25 | %
Measurement date | 11/30/2014 |  | 11/30/2013 |  | 11/30/2012
The components of net periodic benefit cost for pensions are shown below. Net periodic benefit cost is based on assumptions determined at the prior year-end measurement date. Increases in the liability due to changes in plan benefits are recognized in the net periodic benefit costs through straight-line amortization over the average remaining service period of employees expected to receive benefits.
| Pension Benefits
| 2015 |  | 2014 |  | 2013
Components of net periodic benefit cost |  |  |  |  |
Service cost | $ | 1,905 |  |  | $ | 1,990 |  |  | $ | 2,485 |
Interest cost | 7,676 |  |  | 7,704 |  |  | 6,934 |
Expected return on plan assets | (11,567 | ) |  | (11,306 | ) |  | (10,795 | )
Settlement costs | — |  |  | — |  |  | 3,087 |
Curtailment | 1 |  |  | — |  |  | — |
Amortization of unrecognized: |  |  |  |  |  |  |
Prior service cost | (4 | ) |  | (10 | ) |  | (9 | )
Net actuarial loss | 3,676 |  |  | 2,884 |  |  | 5,471 |
Net periodic benefit cost | $ | 1,687 |  |  | $ | 1,262 |  |  | $ | 7,173 |
Assumptions: |  |  |  |  |  |  |  |
Discount rate - qualified plans | 3.75% |  | 4.50% |  | 3.50%
Discount rate - nonqualified plans | 3.00% |  | 3.25% |  | 3.25%
Expected return on plan assets | 7.00% |  | 7.50% |  | 7.50%
Rate of compensation increase - qualified plans | 4.00% |  | 4.00% |  | 4.00%
Rate of compensation increase - nonqualified plans | 4.00% |  | 4.00% |  | 4.00%
Measurement date - qualified plans | 11/30/2014 |  | 11/30/2013 |  | 11/30/2012
Measurement date - nonqualified plans | 11/30/2014 |  | 11/30/2013 |  | 11/30/2013
Schedule of amounts in accumulated other comprehensive income (loss) to be recognized over next fiscal year | The estimated amounts that will be amortized from Accumulated other comprehensive loss at November 30, 2015 into net periodic benefit cost, pre-tax, in fiscal year 2016 are as follows:
| Pension Benefits |  | Other Postretirement Benefits
Prior service credit | $ | 1 |  |  | $ | (123 | )
Actuarial loss (gain) | 3,825 |  |  | (94 | )
Total | $ | 3,826 |  |  | $ | (217 | )
Schedule of expected benefit payments | The expected cash benefit payments from the plans for the next ten fiscal years are as follows:
| Pension Benefits |  | Other Postretirement Benefits
2016 | $ | 8,877 |  |  | $ | 45 |
2017 | 9,239 |  |  | 41 |
2018 | 9,596 |  |  | 37 |
2019 | 9,960 |  |  | 34 |
2020 | 10,380 |  |  | 30 |
2021-2025 | 59,247 |  |  | 110 |
Schedule of costs of retirement plans | The Company recognized expense related to these plans for the past three fiscal years as follows:
2015 | $ | 7,171 |
2014 | 7,945 |
2013 | 4,482 |

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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (s) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the changes in plan assets and benefit obligations recognized in other comprehensive income (loss) during the period. + References No definition available. + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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