Property and Equipment, Net

6 Months Ended

Jun. 30, 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):

	June 30, 2022		December 31, 2021
Land and land improvements	$	19,190	$	19,630
Buildings	91,610		93,170
Machinery and equipment	443,110		422,500
	553,910		535,300
Less: Accumulated depreciation	278,240		269,670
Property and equipment, net	$	275,670	$	265,630

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

	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Depreciation expense, included in cost of sales	$	8,400	$	7,670	$	16,570	$	15,230
Depreciation expense, included in selling, general and administrative expenses	280		310		580		600
Total depreciation expense	$	8,680	$	7,980	$	17,150	$	15,830