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Property and Equipment, Net (Tables)

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

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

						September 30, 2024						December 31, 2023
Land and land improvements						$	31,100					$	32,840
Buildings						95,550						99,230
Machinery and equipment						521,860						502,090
						648,510						634,160
Less: Accumulated depreciation						319,200						304,170
Property and equipment, net						$	329,310					$	329,990

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,
						2024						2023						2024						2023
Depreciation expense, included in cost of sales						$	9,660					$	9,080					$	29,150					$	29,150
Depreciation expense, included in selling, general and administrative expenses						280						210						790						680
Total depreciation expense						$	9,940					$	9,290					$	29,940					$	29,830

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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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