Property and Equipment, Net

12 Months Ended

Dec. 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):

	December 31, 2020		December 31, 2019
Land and land improvements	$	20,040	$	19,110
Building and building improvements	91,970		84,880
Machinery and equipment	384,010		326,990
	496,020		430,980
Less: Accumulated depreciation	242,960		216,650
Property and equipment, net	$	253,060	$	214,330

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

	Year ended December 31,
	2020		2019		2018
Depreciation expense, included in cost of sales	$	27,920	$	23,700	$	20,890
Depreciation expense, included in selling, general and administrative expense	1,100		1,170		1,340
Total depreciation expense	$	29,020	$	24,870	$	22,230