Property and Equipment, Net

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment consists of the following components:



	December 31, 2013		December 31, 2012
	(dollars in thousands)
Land and land improvements	$	5,520	$	6,410
Buildings	61,960		59,610
Machinery and equipment	351,960		332,040
	419,440		398,060
Less: Accumulated depreciation	213,290		213,030
Property and equipment, net	$	206,150	$	185,030

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



	Year ended December 31,
	2013		2012		2011
	(dollars in thousands)
Depreciation expense, included in cost of sales	$	26,410	$	21,530	$	20,800
Depreciation expense, included in selling, general and administrative expense	4,400		3,520		2,970
Total depreciation expense	$	30,810	$	25,050	$	23,770

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details