Accrued Severance Benefits (Tables)

9 Months Ended

Sep. 30, 2020

Postemployment Benefits [Abstract]

Changes in Accrued Severance Benefits

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

	Three Months Ended			Nine Months Ended			Three Months Ended			Nine Months Ended
	September 30, 2020						September 30, 2019
Beginning balance	$	51,785		$	53,344		$	53,202		$	55,691
Provisions		2,167			5,941			1,851			4,494
Severance payments		(1,295	)		(4,749	)		(1,017	)		(4,312	)
Translation adjustments		1,204			(675	)		(2,180	)		(4,017	)
		53,861			53,861			51,856			51,856
Less: Cumulative contributions to severance insurance deposit accounts		(1,616	)		(1,616	)		(1,357	)		(1,357	)
The National Pension Fund		(73	)		(73	)		(80	)		(80	)
Group severance insurance plan		(219	)		(219	)		(227	)		(227	)
Accrued severance benefits, net	$	51,953		$	51,953		$	50,192		$	50,192

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 2020	$	387
2021		386
2022		743
2023		605
2024		1,074
2025		2,157
2026 – 2030		19,644