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Segment Information
9 Months Ended
Sep. 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
 
Nine Months Ended
 
September 30,
2014
 
September 30,
2013
 
September 30,
2014
 
September 30,
2013
Net sales
 
 
 
 
 
 
 
Printed Circuit Materials
$
63,353

 
$
47,105

 
$
183,397

 
$
136,253

High Performance Foams
46,709

 
44,460

 
130,709

 
126,839

Power Electronics Solutions
46,468

 
45,328

 
130,185

 
120,411

Other
6,522

 
5,927

 
18,896

 
17,749

Net sales
$
163,052

 
$
142,820

 
$
463,187

 
$
401,252

 
 
 
 
 
 
 
 
Operating income (loss)
 

 
 

 
 

 
 

Printed Circuit Materials
$
14,095

 
$
5,857

 
$
36,355

 
$
13,651

High Performance Foams
8,442

 
7,490

 
18,752

 
17,622

Power Electronics Solutions
3,683

 
3,810

 
4,515

 
823

Other
2,169

 
1,852

 
6,444

 
5,835

Operating income (loss)
28,389

 
19,009

 
66,066

 
37,931

 
 
 
 
 
 
 
 
Equity income in unconsolidated joint ventures
953

 
1,754

 
2,992

 
3,045

Other income (expense), net
(107
)
 
(101
)
 
(1,374
)
 
(867
)
Interest income (expense), net
(698
)
 
(881
)
 
(2,167
)
 
(2,616
)
Income (loss) before income tax expense (benefit)
$
28,537

 
$
19,781

 
$
65,517

 
$
37,493


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