XML 52 R35.htm IDEA: XBRL DOCUMENT v2.4.1.9
Accrued Severance Benefits (Tables)
6 Months Ended
Jun. 30, 2014
Postemployment Benefits [Abstract]  
Changes in Accrued Severance Benefits

Changes in accrued severance benefits are as follows:

 

     Three
Months
Ended
    Six
Months
Ended
    Three
Months
Ended
    Six
Months
Ended
 
     June 30, 2014     June 30, 2013
(As Restated)
 

Beginning balance

   $ 136,176      $ 135,356      $ 115,318      $ 116,036   

Provisions

     5,392        9,426        6,482        10,768   

Severance payments

     (1,976     (3,490     (2,312     (2,939

Translation adjustments

     7,331        5,631        (3,878     (8,255
  

 

 

   

 

 

   

 

 

   

 

 

 
     146,923        146,923        115,610        115,610   

Less: Cumulative contributions to the National Pension Fund

     (387     (387     (361     (361

Group severance insurance plan

     (825     (825     (727     (727
  

 

 

   

 

 

   

 

 

   

 

 

 

Accrued severance benefits, net

   $ 145,711      $ 145,711      $ 114,522      $ 114,522   
  

 

 

   

 

 

   

 

 

   

 

 

 
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:

 

     Severance benefit  

Remainder of 2014

   $ 396   

2015

     315   

2016

     1,253   

2017

     1,840   

2018

     3,152   

2019

     2,410   

2020 – 2024

     25,507