Property and Equipment, Net (Tables)

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

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

	September 30, 2018		December 31, 2017
Land and land improvements	$	15,580	$	15,500
Buildings	74,120		73,550
Machinery and equipment	311,530		303,880
	401,230		392,930
Less: Accumulated depreciation	216,150		202,680
Property and equipment, net	$	185,080	$	190,250

Depreciation Expense

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

	Three months ended September 30,				Nine months ended September 30,
	2018		2017		2018		2017
Depreciation expense, included in cost of sales	$	5,490	$	5,440	$	17,330	$	17,380
Depreciation expense, included in selling, general and administrative expenses	270		400		1,300		1,510
Total depreciation expense	$	5,760	$	5,840	$	18,630	$	18,890