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Accrued Severance Benefits (Tables)

6 Months Ended

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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- References

No definition available.

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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

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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

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