Property and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

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

	March 31, 2018		December 31, 2017
Land and land improvements	$	15,540	$	15,500
Buildings	75,850		73,550
Machinery and equipment	306,370		303,880
	397,760		392,930
Less: Accumulated depreciation	209,320		202,680
Property and equipment, net	$	188,440	$	190,250

Depreciation Expense

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

	Three months ended March 31,
	2018		2017
Depreciation expense, included in cost of sales	$	5,810	$	5,200
Depreciation expense, included in selling, general and administrative expenses	520		600
Total depreciation expense	$	6,330	$	5,800