Accrued Severance Benefits (Tables)

3 Months Ended

Mar. 31, 2023

Accrued Severance Benefits [Abstract]

Changes in Accrued Severance Benefits

Changes in accrued severance benefits are as follows (in thousands):

	Three Months Ended
	March 31, 2023			March 31, 2022
Beginning balance	$	48,496		$	51,567
Provisions		2,330			1,670
Severance payments		(871	)		(1,389	)
Translation adjustments		(1,381	)		(1,077	)
		48,574			50,771
Less: Cumulative contributions to severance insurance deposit accounts		(24,747	)		(17,954	)
The National Pension Fund		(40	)		(50	)
Group severance insurance plan		(179	)		(195	)
Accrued severance benefits, net	$	23,608		$	32,572

Future Benefits Payments to Employees

The Company is liable to pay the following future benefits to its non-executive employees upon their normal retirement age (in thousands):

	Severance benefit
Remainder of 2023	$	634
2024		906
2025		1,502
2026		1,829
2027		1,718
2028		3,699
2029 – 2033		21,043