Accrued Severance Benefits (Tables)

6 Months Ended

Jun. 30, 2016

Changes in accrued severance benefits are as follows:


	Three Months Ended			Six Months Ended			Three Months Ended			Six Months Ended
	June 30, 2016						June 30, 2015
Beginning balance	$	139,103		$	135,160		$	145,598		$	140,405
Provisions		4,056			9,827			4,617			11,877
Severance payments		(9,004	)		(13,102	)		(2,890	)		(4,231	)
Translation adjustments		(1,355	)		915			(2,525	)		(3,251	)

		132,800			132,800			144,800			144,800
Less: Cumulative contributions to the National Pension Fund		(290	)		(290	)		(333	)		(333	)
Group severance insurance plan		(669	)		(669	)		(740	)		(740	)

Accrued severance benefits, net	$	131,841		$	131,841		$	143,727		$	143,727

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