Property and Equipment, Net

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Property and equipment consists of the following components:



	June 30, 2013		December 31, 2012
	(dollars in thousands)
Land and land improvements	$	6,280	$	6,410
Buildings	62,280		59,610
Machinery and equipment	353,900		332,040
	422,460		398,060
Less: Accumulated depreciation	222,130		213,030
Property and equipment, net	$	200,330	$	185,030

Depreciation expense as included in the accompanying consolidated statement of income is as follows:



	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
	(dollars in thousands)
Depreciation expense, included in cost of sales	$	6,410	$	5,380	$	12,470	$	11,020
Depreciation expense, included in selling, general and administrative expense	1,100		860		2,090		1,670
Total depreciation expense	$	7,510	$	6,240	$	14,560	$	12,690

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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