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Segment Information
6 Months Ended
Jun. 30, 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 resulting in these operations meeting the reporting definition of product lines rather than operating segments, 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
 
Six Months Ended
 
June 30,
2014
 
June 30,
2013
 
June 30,
2014
 
June 30,
2013
Net sales
 
 
 
 
 
 
 
Printed Circuit Materials
$
61,507

 
$
45,584

 
$
120,044

 
$
89,148

High Performance Foams
42,796

 
39,933

 
84,000

 
82,379

Power Electronics Solutions
42,919

 
40,784

 
83,717

 
75,083

Other
6,273

 
6,151

 
12,374

 
11,822

Net sales
$
153,495

 
$
132,452

 
$
300,135

 
$
258,432

 
 
 
 
 
 
 
 
Operating income (loss)
 

 
 

 
 

 
 

Printed Circuit Materials
$
10,300

 
$
3,996

 
$
22,260

 
$
7,793

High Performance Foams
4,580

 
3,532

 
10,310

 
10,132

Power Electronics Solutions
(733
)
 
(1,402
)
 
832

 
(2,987
)
Other
2,072

 
1,981

 
4,275

 
3,984

Operating income (loss)
16,219

 
8,107

 
37,677

 
18,922

 
 
 
 
 
 
 
 
Equity income in unconsolidated joint ventures
1,062

 
762

 
2,039

 
1,291

Other income (expense), net
(76
)
 
(177
)
 
(1,268
)
 
(766
)
Interest income (expense), net
(720
)
 
(830
)
 
(1,468
)
 
(1,735
)
Income (loss) before income tax expense (benefit)
$
16,485

 
$
7,862

 
$
36,980

 
$
17,712


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