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Segment Information
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information


Our reporting structure is comprised of the following operating segments: High Performance Foams (HPF), Printed Circuit Materials (PCM), Power Electronics Solutions (PES) and the Other reportable segment. In the fourth quarter of 2013, we determined that a realignment of our segment structure was appropriate in order to present our financial results in a manner consistent with how management operates the business. In particular, the management of the Curamik Electronic Solutions and Power Distribution Systems operations were combined under one segment management team and these former operating segments now meet the reporting definition of product lines, as the management team has full cross functional and regional responsibility over all aspects of these product lines. Further, information is reported to the Chief Operating Decision Maker (the President and Chief Executive Officer of Rogers) at the Power Electronics Solutions level. We believe this structure aligns our external reporting presentation with how we currently manage and view our business internally. All prior periods herein have been recast to support this change.

 

The following table sets forth the information about our reportable segments for the periods indicated:
 
(Dollars in thousands)
Three Months Ended
 
 
March 31,
2014
 
March 31,
2013
 
Net sales
 
 
 
 
Printed Circuit Materials
$
58,536

 
$
43,565

 
High Performance Foams
41,204

 
42,446

 
Power Electronics Solutions
40,798

 
34,297

 
Other
6,102

 
5,671

 
Net sales
$
146,640

 
$
125,979

 
 
 
 
 
 
Operating income (loss)
 

 
 

 
Printed Circuit Materials
$
11,960

 
$
3,796

 
High Performance Foams
5,729

 
6,599

 
Power Electronics Solutions
1,565

 
(1,585
)
 
Other
2,203

 
2,004

 
Operating income (loss)
21,457

 
10,814

 
 
 
 
 
 
Equity income in unconsolidated joint ventures
977

 
529

 
Other income (expense), net
(1,191
)
 
(589
)
 
Interest income (expense), net
(748
)
 
(905
)
 
Income (loss) before income tax expense (benefit)
$
20,495

 
$
9,849

 

Inter-segment sales have been eliminated from the sales data in the preceding table.