Property and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2014

Property and equipment consists of the following components:



	March 31, 2014		December 31, 2013
	(dollars in thousands)
Land and land improvements	$	5,530	$	5,520
Buildings	62,520		61,960
Machinery and equipment	359,720		351,960
	427,770		419,440
Less: Accumulated depreciation	219,410		213,290
Property and equipment, net	$	208,360	$	206,150

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



	Three months ended March 31,
	2014		2013
	(dollars in thousands)
Depreciation expense, included in cost of sales	$	6,740	$	6,060
Depreciation expense, included in selling, general and administrative expense	1,290		990
Total depreciation expense	$	8,030	$	7,050