Accrued Severance Benefits (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019						September 30, 2018
Beginning balance	$	146,261		$	149,408		$	146,375		$	149,795
Provisions		4,085			10,491			5,521			14,686
Severance payments		(1,616	)		(6,195	)		(3,250	)		(9,004	)
Translation adjustments		(5,413	)		(10,387	)		1,194			(5,637	)
		143,317			143,317			149,840			149,840
Less: Cumulative contributions to severance insurance deposit accounts		(3,760	)		(3,760	)		(858	)		(858	)
The National Pension Fund		(211	)		(211	)		(236	)		(236	)
Group severance insurance plan		(552	)		(552	)		(598	)		(598	)
Accrued severance benefits, net	$	138,794		$	138,794		$	148,148		$	148,148

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 2019	$	551
2020		1,018
2021		1,485
2022		1,243
2023		1,679
2024		2,531
2025 – 2029		33,706