Accrued Severance Benefits (Tables)

9 Months Ended

Sep. 30, 2012

Changes in accrued severance benefits for each period are as follows:


	Three Months Ended			Nine Months Ended			Three Months Ended			Nine Months Ended
	September 30, 2012						September 30, 2011
Beginning balance	$	97,967		$	91,882		$	98,647		$	88,973
Provisions		5,803			16,779			4,741			13,137
Severance payments		(753	)		(5,569	)		(2,804	)		(6,549	)
Translation adjustments		3,148			3,073			(8,370	)		(3,347	)

		106,165			106,165			92,214			92,214
Less: Cumulative contributions to the National Pension Fund		(383	)		(383	)		(414	)		(414	)
Group Severance insurance plan		(731	)		(731	)		(694	)		(694	)

Accrued severance benefits, net	$	105,051		$	105,051		$	91,106		$	91,106

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