Property and Equipment, Net

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

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

	September 30, 2019		December 31, 2018
Land and land improvements	$	18,970	$	15,580
Buildings	87,030		74,110
Machinery and equipment	350,400		318,860
	456,400		408,550
Less: Accumulated depreciation	229,760		220,750
Property and equipment, net	$	226,640	$	187,800

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,
	2019		2018		2019		2018
Depreciation expense, included in cost of sales	$	6,490	$	5,490	$	18,850	$	17,330
Depreciation expense, included in selling, general and administrative expenses	390		270		1,100		1,300
Total depreciation expense	$	6,880	$	5,760	$	19,950	$	18,630