Property and Equipment, Net (Tables)

9 Months Ended

Sep. 30, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consists of the following components:

	September 30, 2015		December 31, 2014
	(dollars in thousands)
Land and land improvements	$	13,890	$	14,710
Buildings	63,310		60,570
Machinery and equipment	269,110		262,670
	346,310		337,950
Less: Accumulated depreciation	171,990		160,480
Property and equipment, net	$	174,320	$	177,470

Depreciation Expense

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

	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014
	(dollars in thousands)
Depreciation expense, included in cost of sales	$	4,950	$	4,330	$	14,330	$	13,160
Depreciation expense, included in selling, general and administrative expense	650		640		2,100		2,190
Total depreciation expense	$	5,600	$	4,970	$	16,430	$	15,350