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Property and Equipment, Net
3 Months Ended
Mar. 31, 2022
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,
2022
December 31,
2021
Land and land improvements$19,480 $19,630 
Buildings94,170 93,170 
Machinery and equipment443,130 422,500 
556,780 535,300 
Less: Accumulated depreciation276,940 269,670 
Property and equipment, net$279,840 $265,630 
Depreciation expense as included in the accompanying consolidated statement of income is as follows (dollars in thousands):
Three months ended March 31,
20222021
Depreciation expense, included in cost of sales$8,170 $7,560 
Depreciation expense, included in selling, general and administrative expenses300 290 
Total depreciation expense$8,470 $7,850