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Joint Ventures (Tables)
3 Months Ended
Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Joint Ventures Accounted for Under Equity Method of Accounting
As of March 31, 2016, 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:

 
Quarter Ended
(Dollars in thousands)
March 31,
2016
 
March 31,
2015
Net sales
$
9,237

 
$
10,978

Gross profit
$
3,099

 
$
3,445

Net income
$
1,226

 
$
1,839