Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2018

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



	June 30, 2018		December 31, 2017
Land and land improvements	$	15,410	$	15,500
Buildings	74,310		73,550
Machinery and equipment	309,400		303,880
	399,120		392,930
Less: Accumulated depreciation	212,050		202,680
Property and equipment, net	$	187,070	$	190,250

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,
	2018		2017		2018		2017
Depreciation expense, included in cost of sales	$	6,030	$	6,740	$	11,840	$	11,940
Depreciation expense, included in selling, general and administrative expenses	510		510		1,030		1,110
Total depreciation expense	$	6,540	$	7,250	$	12,870	$	13,050