Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2017

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



	June 30, 2017		December 31, 2016
Land and land improvements	$	15,120	$	14,910
Buildings	71,270		71,100
Machinery and equipment	291,280		281,180
	377,670		367,190
Less: Accumulated depreciation	193,910		188,030
Property and equipment, net	$	183,760	$	179,160

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,
	2017		2016		2017		2016
Depreciation expense, included in cost of sales	$	6,740	$	5,240	$	11,940	$	10,470
Depreciation expense, included in selling, general and administrative expenses	510		800		1,110		1,510
Total depreciation expense	$	7,250	$	6,040	$	13,050	$	11,980