Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

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

	December 31, 2022		December 31, 2021
Land and land improvements	$	15,220	$	19,630
Building and building improvements	90,910		93,170
Machinery and equipment	461,480		422,500
	567,610		535,300
Less: Accumulated depreciation	289,860		269,670
Property and equipment, net	$	277,750	$	265,630

Depreciation Expense

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

	Year ended December 31,
	2022		2021		2020
Depreciation expense, included in cost of sales	$	33,130	$	30,770	$	27,920
Depreciation expense, included in selling, general and administrative expense	990		1,120		1,100
Total depreciation expense	$	34,120	$	31,890	$	29,020