Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consists of the following components:

	December 31, 2014		December 31, 2013
	(dollars in thousands)
Land and land improvements	$	15,000	$	5,520
Buildings	69,820		61,960
Machinery and equipment	383,440		351,960
	468,260		419,440
Less: Accumulated depreciation	235,610		213,290
Property and equipment, net	$	232,650	$	206,150

Depreciation Expense

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

	Year ended December 31,
	2014		2013		2012
	(dollars in thousands)
Depreciation expense, included in cost of sales	$	28,030	$	26,410	$	21,520
Depreciation expense, included in selling, general and administrative expense	4,730		4,380		3,500
Total depreciation expense	$	32,760	$	30,790	$	25,020