Property, Plant and Equipment

9 Months Ended

Sep. 30, 2019

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

NOTE 7 - PROPERTY, PLANT AND EQUIPMENT

	September 30, 2019			December 31, 2018
(Dollars in thousands)
Land and buildings	$	142,542		$	140,471
Machinery and equipment		793,325			769,451
Leasehold improvements and other		11,486			12,883
Construction in progress		76,395			67,559
		1,023,748			990,364
Accumulated depreciation		(506,856	)		(457,597	)
Property, plant and equipment, net	$	516,892		$	532,767

Depreciation expense for the three and nine months ended September 30, 2019 was $24.2 million and $57.4 million, respectively. Depreciation expense for the three months ended September 30, 2019 included accelerated depreciation of $7.6 million related to excess equipment arising from the plan to reduce production at our Fayetteville, Arkansas manufacturing facility (refer to Note 20, “Restructuring”). Depreciation expense for the three and nine months ended September 30, 2018 was $17.1 million and $52.0 million, respectively.