Summarized Financial Information of Unconsolidated Joint Ventures (Notes)

12 Months Ended

Dec. 31, 2012

Equity Method Investments and Joint Ventures [Abstract]

Joint Ventures [Text Block]

SUMMARIZED FINANCIAL INFORMATION OF UNCONSOLIDATED JOINT VENTURES

As of December 31, 2012, we had two joint ventures, each 50% owned, which are accounted for under the equity method of accounting.

Joint Venture	Location	Reportable Segment	Fiscal Year-End
Rogers INOAC Corporation (RIC)	Japan	High Performance Foams	October 31
Rogers INOAC Suzhou Corporation (RIS)	China	High Performance Foams	December 31

Equity income related to the joint ventures of $4.7 million, $5.5 million and $8.7 million for the year ended December 31, 2012 , 2011 and 2010, respectively, is included in the consolidated statements of income (loss). In 2010, we recognized commission income from the Polyimide Laminate Systems (PLS) joint venture of $0.6 million, which is included in “Other income, net” on our consolidated statements of income (loss).

On March 31, 2010, Rogers and Mitsui Chemicals, Inc., the 50% owners of the PLS joint venture, entered into an agreement to dissolve the joint venture and to have Rogers assume on that date any outstanding assets and liabilities of PLS, which resulted in a $0.1 million charge recorded as of March 31, 2010. The parties also agreed that, going forward, all the distribution activity that PLS had previously engaged in would be conducted through Rogers. Therefore, beginning in the second quarter of 2010, these activities were reported on a gross basis as part of our consolidated results until the business was dissolved in the fourth quarter of 2010.

In October 2010, we sold our ownership interest in the 50/50 joint venture, Rogers Chang Chun Technology Co., Ltd. (RCCT) to our joint venture partner, Chang Chun Plastics Co., Ltd., for $9.3 million which resulted in a $3.2 million gain recorded during 2010.

The summarized financial information for the joint ventures for the periods indicated is as follows:

(Dollars in thousands)	December 31, 2012		December 31, 2011
Current assets	$	40,721	$	38,314
Noncurrent assets	13,629		17,988
Current liabilities	12,008		8,566
Shareholders' equity	42,342		47,736

(Dollars in thousands)	For the years then ended:
	December 31, 2012		December 31, 2011		December 31, 2010
Net sales	$	63,297	$	70,368	$	104,570
Gross profit (loss)	11,512		13,638		21,302
Net income (loss)	9,486		10,902		17,316

The effect of transactions between us and our unconsolidated joint ventures was accounted for on a consolidated basis.  Receivables from and payables to joint ventures arise during the normal course of business from transactions between us and the joint ventures, typically from the joint venture purchasing raw materials from us to produce end products, which are sold to third parties, or from us purchasing finished goods from our joint ventures, which are then sold to third parties.