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Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

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

						December 31, 2024						December 31, 2023
Land and land improvements						$	30,810					$	32,840
Building and building improvements						93,780						99,230
Machinery and equipment						524,390						502,090
						648,980						634,160
Less: Accumulated depreciation						330,330						304,170
Property and equipment, net						$	318,650					$	329,990

Depreciation Expense

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

						Year ended December 31,
						2024						2023						2022
Depreciation expense, included in cost of sales						$	47,060					$	38,520					$	33,130
Depreciation expense, included in selling, general and administrative expense						1,060						890						990
Total depreciation expense						$	48,120					$	39,410					$	34,120

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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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