v3.25.2
Property and Equipment, Net (Tables)
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and equipment consists of the following components (dollars in thousands):
 June 30, 2025December 31, 2024
Land and land improvements$30,470 $30,810 
Buildings92,530 93,780 
Machinery and equipment559,950 524,390 
682,950 648,980 
Less: Accumulated depreciation345,690 330,330 
Property and equipment, net$337,260 $318,650 
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,
2025202420252024
Depreciation expense, included in cost of sales$9,780 $9,740 $19,160 $19,490 
Depreciation expense, included in selling, general and administrative expenses230 280 490 510 
Total depreciation expense$10,010 $10,020 $19,650 $20,000