XML 74 R34.htm IDEA: XBRL DOCUMENT v3.2.0.727
Joint Ventures (Tables)
6 Months Ended
Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Joint Ventures Accounted for Under Equity Method of Accounting
As of June 30, 2015, we had two joint ventures, each 50% owned, which were accounted for under the equity method of accounting.

Joint Venture
Location
Reportable Segment
Fiscal Year-End
Rogers INOAC Corporation (RIC)
Japan
Elastomeric Material Solutions

October 31
Rogers INOAC Suzhou Corporation (RIS)
China
Elastomeric Material Solutions
December 31
Summarized Information for Joint Ventures
The summarized financial information for the joint ventures for the periods indicated was as follows:

(Dollars in thousands)
Three Months Ended
 
Six Months Ended
 
June 30,
2015
 
June 30,
2014
 
June 30,
2015
 
June 30,
2014
Net sales
$
9,708

 
$
12,751

 
$
20,613

 
$
24,160

Gross profit
1,865

 
3,921

 
4,927

 
7,214

Net income
784

 
2,124

 
2,622

 
4,078