Property and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2016

Property and equipment consists of the following components:



	March 31, 2016		December 31, 2015
	(dollars in thousands)
Land and land improvements	$	14,840	$	14,820
Buildings	68,970		67,790
Machinery and equipment	277,620		274,650
	361,430		357,260
Less: Accumulated depreciation	181,760		176,130
Property and equipment, net	$	179,670	$	181,130

Depreciation expense as included in the accompanying consolidated statement of income is as follows:



	Three months ended March 31,
	2016		2015
	(dollars in thousands)
Depreciation expense, included in cost of sales	$	5,230	$	4,360
Depreciation expense, included in selling, general and administrative expenses	710		720
Total depreciation expense	$	5,940	$	5,080