Accrued Severance Benefits (Tables)

3 Months Ended

Mar. 31, 2022

Postemployment Benefits [Abstract]

Changes in Accrued Severance Benefits

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

	Three Months Ended
	March 31, 2022			March 31, 2021
Beginning balance	$	51,567		$	54,452
Provisions		1,670			1,771
Severance payments		(1,389	)		(1,493	)
Translation adjustments		(1,077	)		(2,177	)
		50,771			52,553
Less: Cumulative contributions to severance insurance deposit accounts		(17,954	)		(13,212	)
The National Pension Fund		(50	)		(61	)
Group severance insurance plan		(195	)		(210	)
Accrued severance benefits, net	$	32,572		$	39,070

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 2022	$	253
2023		631
2024		923
2025		1,505
2026		2,183
2027		1,746
2028 – 2032		20,679