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Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

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

						June 30, 2024						December 31, 2023
Land and land improvements						$	32,690					$	32,840
Buildings						98,730						99,230
Machinery and equipment						511,640						502,090
						643,060						634,160
Less: Accumulated depreciation						314,230						304,170
Property and equipment, net						$	328,830					$	329,990

Depreciation Expense

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,
						2024						2023						2024						2023
Depreciation expense, included in cost of sales						$	9,740					$	11,510					$	19,490					$	20,070
Depreciation expense, included in selling, general and administrative expenses						280						270						510						470
Total depreciation expense						$	10,020					$	11,780					$	20,000					$	20,540

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- Definition

Tabular disclosure of depreciation expense.

+ References

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

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