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Accrued Severance Benefits (Tables) | 6 Months Ended
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Jun. 30, 2022
Postemployment Benefits [Abstract] |
Changes in Accrued Severance Benefits | Changes in accrued severance benefits are as follows (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |  |  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2022 |  |  | June 30, 2021 |
Beginning balance |  | $ | 50,771 |  |  | $ | 51,567 |  |  | $ | 52,553 |  |  | $ | 54,452 |
Provisions |  |  | 1,570 |  |  |  | 3,240 |  |  |  | 1,736 |  |  |  | 3,507 |
Severance payments |  |  | (1,545 | ) |  |  | (2,934 | ) |  |  | (1,343 | ) |  |  | (2,836 | )
Translation adjustments |  |  | (3,210 | ) |  |  | (4,287 | ) |  |  | 159 |  |  |  | (2,018 | )
|  | 47,586 |  |  | 47,586 |  |  | 53,105 |  |  | 53,105 |
Less: Cumulative contributions to severance insurance deposit accounts |  |  | (16,894 | ) |  |  | (16,894 | ) |  |  | (13,316 | ) |  |  | (13,316 | )
The National Pension Fund |  |  | (44 | ) |  |  | (44 | ) |  |  | (59 | ) |  |  | (59 | )
Group severance insurance plan |  |  | (182 | ) |  |  | (182 | ) |  |  | (210 | ) |  |  | (210 | )
Accrued severance benefits, net |  | $ | 30,466 |  |  | $ | 30,466 |  |  | $ | 39,520 |  |  | $ | 39,520 |
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 |  | $ | 237 |
2023 |  |  | 590 |
2024 |  |  | 864 |
2025 |  |  | 1,409 |
2026 |  |  | 1,973 |
2027 |  |  | 1,635 |
2028 – 2032 |  |  | 18,987 |

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- Definition Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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