Accrued Severance Benefits (Tables)

6 Months Ended

Jun. 30, 2018

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


	Three Months Ended			Six Months Ended			Three Months Ended			Six Months Ended
	June 30, 2018						June 30, 2017
Beginning balance	$	152,780		$	149,795		$	140,878		$	130,144
Provisions		4,653			9,165			3,390			10,776
Severance payments		(3,507	)		(5,754	)		(10,558	)		(18,082	)
Translation adjustments		(7,551	)		(6,831	)		(2,816	)		8,056

		146,375			146,375			130,894			130,894
Less: Cumulative contributions to the National Pension Fund		(236	)		(236	)		(245	)		(245	)
Group severance insurance plan		(597	)		(597	)		(599	)		(599	)

Accrued severance benefits, net	$	145,542		$	145,542		$	130,050		$	130,050

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