Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2019

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



	June 30, 2019		December 31, 2018
Land and land improvements	$	19,210	$	15,580
Buildings	88,350		74,110
Machinery and equipment	344,950		318,860
	452,510		408,550
Less: Accumulated depreciation	226,880		220,750
Property and equipment, net	$	225,630	$	187,800

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,
	2019		2018		2019		2018
Depreciation expense, included in cost of sales	$	6,470	$	6,030	$	12,360	$	11,840
Depreciation expense, included in selling, general and administrative expenses	370		510		710		1,030
Total depreciation expense	$	6,840	$	6,540	$	13,070	$	12,870