Property and Equipment, Net (Tables)

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

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

	September 30, 2022		December 31, 2021
Land and land improvements	$	18,700	$	19,630
Buildings	90,380		93,170
Machinery and equipment	442,980		422,500
	552,060		535,300
Less: Accumulated depreciation	280,100		269,670
Property and equipment, net	$	271,960	$	265,630

Depreciation Expense

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

	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
Depreciation expense, included in cost of sales	$	7,980	$	7,660	$	24,550	$	22,890
Depreciation expense, included in selling, general and administrative expenses	210		250		790		850
Total depreciation expense	$	8,190	$	7,910	$	25,340	$	23,740