Accrued Severance Benefits (Tables)
9 Months Ended
Sep. 30, 2016
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, 2016      September 30, 2015  

Beginning balance

   $ 132,800       $ 135,160       $ 144,800      $ 140,405   

Provisions

     3,782         13,609         2,296        14,173   

Severance payments

     (1,076      (14,178      (3,674     (7,905

Translation adjustments

     8,350         9,265         (8,466     (11,717
  

 

 

    

 

 

    

 

 

   

 

 

 
     143,856         143,856         134,956        134,956   

Less: Cumulative contributions to the National Pension Fund

     (305      (305      (310     (310

Group severance insurance plan

     (705      (705      (691     (691
  

 

 

    

 

 

    

 

 

   

 

 

 

Accrued severance benefits, net

   $ 142,846       $ 142,846       $ 133,955      $ 133,955   
  

 

 

    

 

 

    

 

 

   

 

 

 
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 2016

   $ —    

2017

     —    

2018

     —    

2019

     895   

2020

     1,651   

2021

     2,822   

2022 – 2026

     21,155