Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2016

Property and equipment consists of the following components (dollars in thousands):



	June 30, 2016		December 31, 2015
Land and land improvements	$	15,010	$	14,820
Buildings	68,260		67,790
Machinery and equipment	279,620		274,650
	362,890		357,260
Less: Accumulated depreciation	184,230		176,130
Property and equipment, net	$	178,660	$	181,130

Depreciation expense as included in the accompanying consolidated statement of income is as follows (dollars in thousands):



	Three months ended June 30,				Six months ended June 30,
	2016		2015		2016		2015
Depreciation expense, included in cost of sales	$	5,240	$	5,020	$	10,470	$	9,380
Depreciation expense, included in selling, general and administrative expenses	800		730		1,510		1,450
Total depreciation expense	$	6,040	$	5,750	$	11,980	$	10,830