Property and Equipment, Net

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

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

	March 31, 2020		December 31, 2019
Land and land improvements	$	19,000	$	19,110
Buildings	84,930		84,880
Machinery and equipment	323,120		326,990
	427,050		430,980
Less: Accumulated depreciation	218,610		216,650
Property and equipment, net	$	208,440	$	214,330

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

	Three months ended March 31,
	2020		2019
Depreciation expense, included in cost of sales	$	6,360	$	5,430
Depreciation expense, included in selling, general and administrative expenses	300		260
Total depreciation expense	$	6,660	$	5,690