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PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
Depreciation expense, which is recorded in Cost of sales and General and administrative expenses in the Consolidated Statements of Operations, as appropriate, on property, plant and equipment was $20.2 million, $19.7 million, and $16.7 million in 2019, 2018, and 2017, respectively, and includes amortization of assets recorded in connection with the Company’s finance lease agreements. As of December 31, 2019 and 2018, the assets related to the Company’s finance lease agreements are recorded within Property, plant and equipment, net in the Consolidated Balance Sheets in the amount of $2.9 million and $3.1 million, respectively, net of accumulated depreciation of $1.7 million and $1.6 million, respectively.
Property, plant and equipment, net consist of the following (in thousands):
 
December 31,
 
2019
 
2018
Land
$
36,794

 
$
35,485

Buildings and building improvements
146,210

 
141,098

Machinery and equipment
287,332

 
266,803

Construction in progress
36,179

 
31,772

 
506,515

 
475,158

Less: accumulated depreciation
(285,169
)
 
(268,167
)
 
$
221,346

 
$
206,991