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Shareholders Equity and Stock Options (Tables)
 12 Months Ended
Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Accumulated balances related to each component of accumulated other comprehensive income (loss)
The changes of accumulated other comprehensive income (loss) by component at December 31, 2013 were as follows:

(Dollars in thousands)
Foreign currency translation adjustments
 
Funded status of pension plans and other postretirement benefits (1)
 
Unrealized gain (loss) on derivative instruments (2)
 
Total
Beginning Balance December 31, 2012
$
12,585

 
$
(70,158
)
 
$
(235
)
 
$
(57,808
)
Other comprehensive income before reclassifications
10,171

 
—

 
(210
)
 
9,961

Actuarial net gain (loss) incurred in the fiscal year
—

 
32,749

 
—

 
32,749

Amounts reclassified from accumulated other comprehensive income
—

 
3,412

 
236

 
3,648

Net current-period other comprehensive income
10,171

 
36,161

 
26

 
46,358

Ending Balance December 31, 2013
$
22,756

 
$
(33,997
)
 
$
(209
)
 
$
(11,450
)
 
 
 
 
 
 
 
 
(1) Net of taxes of $2,900 and $22,371 for the periods ended December 31, 2013 and December 31, 2012, respectively.
(2) Net of taxes of $110 and $127 for the periods ended December 31, 2013 and December 31, 2012, respectively.
The changes of accumulated other comprehensive income (loss) by component at December 31, 2012 were as follows:

(Dollars in thousands)
Foreign currency translation adjustments
 
Funded status of pension plans and other postretirement benefits (3)
 
Unrealized gain (loss) on derivative instruments (4)
 
Unrealized gain (loss) on marketable securities (5)
 
Total
Beginning Balance December 31, 2011
$
5,875

 
$
(67,239
)
 
$
(270
)
 
$
(1,168
)
 
$
(62,802
)
Other comprehensive income before reclassifications
6,710

 
—

 
(235
)
 
—

 
6,475

Actuarial net gain (loss) incurred in the fiscal year
—

 
(6,687
)
 
—

 
—

 
(6,687
)
Amounts reclassified from accumulated other comprehensive income
—

 
3,768

 
270

 
1,168

 
5,206

Net current-period other comprehensive income
6,710

 
(2,919
)
 
35

 
1,168

 
4,994

Ending Balance December 31, 2012
$
12,585

 
$
(70,158
)
 
$
(235
)
 
$
—

 
$
(57,808
)
(3) Net of taxes of $22,371 and $20,799 for the periods ended December 31, 2012 and December 31, 2011, respectively.
(4) Net of taxes of $127 and $0 for the periods ended December 31, 2012 and December 31, 2011, respectively.
(5) Net of taxes of $1,555 for the period ended December 31, 2011.
The components of accumulated other comprehensive income (loss) at December 31, 2013 were as follows:

(Dollars in thousands)
December 31,
2013
 
December 31,
2012
Foreign currency translation adjustments
$
22,756

 
$
12,585

Funded status of pension plans and other postretirement benefits, net of tax of $2,900 and $22,371.
(33,997
)
 
(70,158
)
Unrealized gain (loss) on derivative instruments, net of tax of $110 and $127
(209
)
 
(235
)
Accumulated other comprehensive income (loss)
(11,450
)
 
(57,808
)
Shares of capital stock reserved for possible future issuance
Shares of capital stock reserved for possible future issuance are as follows:

 
December 31, 2013
 
December 31, 2012
Stock acquisition program
120,883

 
120,883

Stock options and restricted stock
1,328,414

 
2,081,116

Shares available for issuance
479,307

 
659,292

Rogers Employee Savings and Investment Plan
169,044

 
249,490

Rogers Corporation Global Stock Ownership Plan for Employees
181,617

 
201,676

Deferred compensation to be paid in stock
14,558

 
49,090

Total
2,293,823

 
3,361,547
Weighted average assumptions used to calculate fair value of options granted
The fair value of options granted in 2012 and 2011 were calculated using the following weighted average assumptions:

 
 
December 31,
2012
 
December 31,
2011
Options granted
 
46,950

 
131,750

Weighted average exercise price
 
$
41.27

 
$
46.29

Weighted-average grant date fair value
 
19.08

 
21.08

 
 
 
 
 
Assumptions:
 
 

 
 

Expected volatility
 
47.70
%
 
46.92
%
Expected term (in years)
 
5.9

 
5.6

Risk-free interest rate
 
1.43
%
 
2.13
%
Expected dividend yield
 
—

 
—
Activity under our stock option plans
A summary of the activity under our stock option plans as for the fiscal years ended 2013, 2012 and 2011, is presented below:

 
2013
 
2012
 
2011
 
 
 
Options
Outstanding
 
Weighted-
Average
Exercise Price
Per Share
 
 
 
Options
Outstanding
 
Weighted-
Average
Exercise Price
Per Share
 
 
 
Options
Outstanding
 
Weighted-
Average
Exercise Price
Per Share
Outstanding at beginning of year
1,765,947

 
$
40.58

 
2,401,809

 
$
37.54

 
2,626,371

 
$
36.63

Options granted
—

 
—

 
46,950

 
41.27

 
131,750

 
46.29

Options exercised
(847,340
)
 
37.82

 
(614,263
)
 
42.97

 
(329,964
)
 
33.61

Options cancelled
(25,468
)
 
39.04

 
(68,549
)
 
43.57

 
(26,348
)
 
30.77

Outstanding at year-end
893,139

 
43.23

 
1,765,947

 
40.58

 
2,401,809

 
37.54

Options exercisable at year-end
721,645

 
 
 
1,274,340

 
 
 
1,609,982

 
 
A summary of the activity under our stock option plans as of December 31, 2013 and changes during the year then ended, is presented below:
 
Options Outstanding
 
Weighted- Average Exercise Price Per Share
 
Weighted-Average Remaining Contractual Life in Years
 
Aggregate Intrinsic Value
Options outstanding at December 31, 2012
1,765,947

 
$
40.58

 
1.3
 
19,557,233

Options granted
—

 
—

 
 
 
 

Options exercised
(847,340
)
 
37.82

 
 
 
 

Options cancelled
(25,468
)
 
39.04

 
 
 
 

Options outstanding at December 31, 2013
893,139

 
43.23

 
3.9
 
16,403,816

Options exercisable at December 31, 2013
721,645

 
44.62

 
3.2
 
12,270,104

Options vested or expected to vest at December 31, 2013*
887,994

 
43.27

 
3.9
 
16,279,805
Schedule of weighted-average assumptions used
Weighted-average assumptions used to determine benefit obligations at December 31:
 
Pension Benefits
 
Retirement Health and Life Insurance Benefits
 
2013
2012
 
 
2013
2012
 
 
 
 
 
 
 
 
 
Discount rate
4.75
%
4.00
%
 
 
3.25
%
2.50
%
 
Rate of compensation increase
—
%
4.00
%
 
 
—
%
—
%
 
Expected long-term rate of return on plan assets
7.50
%
7.50
%
 
 
—
%
—
%
 
Weighted-average assumptions used to determine net benefit cost for the years ended:
 
Pension Benefits
 
Retirement Health and Life Insurance Benefits
 
2013
2012
 
 
2013
2012
 
 
 
 
 
 
 
 
 
Discount rate
4.00
%
4.50
%
 
 
2.50
%
3.50
%
 
Expected long-term rate of return on plan assets
7.50
%
7.75
%
 
 
—

—

 
Rate of compensation increase
4.00
%
4.00
%
 
 
—

—

 
Performance Shares [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of weighted-average assumptions used
Below are the assumptions used in the Monte Carlo calculation:
Expected volatility
37.1
%
Expected term (in years)
3.0

Risk-free interest rate
0.40
%
Expected dividend yield
—
Schedule of of restricted stock and restricted stock activity
A summary of activity under the performance-based restricted stock plans for the fiscal years ended 2013, 2012 and 2011 is presented below:

 
2013
 
2012
 
2011
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
Non-vested awards outstanding at beginning of year
73,458

 
$
38.01

 
101,730

 
$
31.19

 
115,250

 
$
27.09

Awards granted
47,625

 
47.10

 
22,120

 
41.27

 
20,630

 
47.89

Stock issued
(33,538
)
 
27.43

 
(43,750
)
 
23.86

 
—

 
—

Awards forfeited or expired
(16,370
)
 
44.90

 
(6,642
)
 
37.67

 
(34,150
)
 
27.43

Non-vested awards outstanding at end of year
71,175

 
$
47.49

 
73,458

 
$
38.01

 
101,730

 
$
31.19
Time Based Restricted Stock [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of of restricted stock and restricted stock activity
 
2013
 
2012
 
2011
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-Average Grant Date Fair Value
Non-vested awards outstanding at beginning of year
115,139

 
$
43.27

 
86,707

 
$
44.55

 
2,500

 
$
20.01

Awards granted
156,665

 
51.78

 
51,790

 
40.99

 
84,667

 
45.29

Stock issued
(12,436
)
 
43.97

 
(16,620
)
 
41.64

 
—

 
—

Awards forfeited or expired
(28,342
)
 
47.07

 
(6,738
)
 
46.21

 
(460
)
 
47.89

Non-vested awards outstanding at end of year
231,026

 
$
48.54

 
115,139

 
$
43.27

 
86,707

 
$
44.55
Deferred Stock Units [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of of restricted stock and restricted stock activity
 
2013
 
2012
 
2011
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-Average Grant Date Fair Value
Non-vested awards outstanding at beginning of year
30,150

 
$
26.13

 
27,350

 
$
28.80

 
30,250

 
$
28.98

Awards granted
16,800

 
41.67

 
17,600

 
38.64

 
16,650

 
45.95

Stock issued
(15,400
)
 
41.77

 
(14,800
)
 
45.95

 
(19,550
)
 
43.69

Non-vested awards outstanding at end of year
31,550

 
$
26.77

 
30,150

 
$
26.13

 
27,350

 
$
28.8