Property and Equipment, Net

12 Months Ended

Dec. 31, 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):

	December 31, 2019		December 31, 2018
Land and land improvements	$	19,110	$	15,580
Building and building improvements	84,880		69,800
Machinery and equipment	326,990		287,260
	430,980		372,640
Less: Accumulated depreciation	216,650		200,690
Property and equipment, net	$	214,330	$	171,950

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

	Year ended December 31,
	2019		2018		2017
Depreciation expense, included in cost of sales	$	23,700	$	20,890	$	20,110
Depreciation expense, included in selling, general and administrative expense	1,170		1,340		1,660
Total depreciation expense	$	24,870	$	22,230	$	21,770