Property and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2015

Property and equipment consists of the following components:



	March 31, 2015		December 31, 2014
	(dollars in thousands)
Land and land improvements	$	14,760	$	15,000
Buildings	68,440		69,820
Machinery and equipment	380,180		383,440
	463,380		468,260
Less: Accumulated depreciation	235,210		235,610
Property and equipment, net	$	228,170	$	232,650

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



	Three months ended March 31,
	2015		2014
	(dollars in thousands)
Depreciation expense, included in cost of sales	$	6,510	$	6,740
Depreciation expense, included in selling, general and administrative expense	1,110		1,280
Total depreciation expense	$	7,620	$	8,020