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Accrued Severance Benefits (Tables)
3 Months Ended
Mar. 31, 2020
Postemployment Benefits [Abstract]  
Changes in Accrued Severance Benefits
Changes in accrued severance benefits are as follows (in thousands):
 
   
Three Months Ended
 
   
March 31,
2020
   
March 31,
2019
 
Beginning balance
  $53,344   $55,691 
Provisions
   2,019    1,314 
Severance payments
   (1,952   (1,496
Translation adjustments
   (2,801   (956
  
 
 
   
 
 
 
   50,610    54,553 
Less: Cumulative contributions to severance insurance deposit accounts
   (1,557   (869
The National Pension Fund
   (75   (87
Group severance insurance plan
   (213   (243
  
 
 
   
 
 
 
Accrued severance benefits, net
  $48,765   $53,354 
  
 
 
   
 
 
 
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
  $369 
2021
   626 
2022
   823 
2023
   580 
2024
   788 
2025
   2,201 
2026 – 2030
   19,439