XML 58 R43.htm IDEA: XBRL DOCUMENT v3.6.0.2
Shareholders' Equity and Stock Options (Tables)
 12 Months Ended
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Shares of capital stock reserved for possible future issuance
Shares of capital stock reserved for possible future issuance were as follows:

 
As of December 31,
 
2016
 
2015
Shares reserved for issuance under the stock acquisition program (1)
120,883

 
120,883

Shares reserved for issuance under outstanding stock options and restricted stock unit awards
659,302

 
641,265

Additional shares reserved for issuance under Rogers Corporation 2009 Long-Term Equity Compensation Plan
892,163

 
1,078,291

Shares reserved for issuance under the Rogers Employee Savings and Investment Plan (2)
169,044

 
169,044

Shares reserved for issuance under the Rogers Corporation Global Stock Ownership Plan for Employees
133,113

 
153,357

Deferred compensation to be paid in stock, including deferred stock units
22,752

 
37,207

Total
1,997,257

 
2,200,047


(1) 
As of December 31, 2016, the Company no longer offers capital stock under the stock acquisition program.
(2) 
As of December 31, 2016, the Company no longer offers its capital stock as an investment option under the Rogers Employee Savings and Investment Plan.
Activity under our stock option plans
A summary of the activity under our stock option plans as of December 31, 2016 and changes during the year then ended, is presented below:
 
Options Outstanding
 
Weighted- Average Exercise Price Per Share
 
Weighted-Average Remaining Contractual Life in Years
 
Aggregate Intrinsic Value
Options outstanding at December 31, 2015
212,038

 
$
40.47

 
3.2
 
2,557,193

Options exercised
(95,113
)
 
43.56

 
 
 
 

Options forfeited
(350
)
 
44.32

 
 
 
 

Options outstanding at December 31, 2016
116,575

 
37.76

 
3.2
 
4,552,580

Options exercisable at December 31, 2016
116,575

 
37.76

 
3.2
 
4,552,580

Options vested at December 31, 2016
116,575

 
37.76

 
3.2
 
4,552,580



A summary of the activity under our stock option plans for the fiscal years ended 2016, 2015 and 2014, is presented below:

 
2016
 
2015
 
2014
 
 
 
Options
Outstanding
 
Weighted-
Average
Exercise Price
Per Share
 
 
 
Options
Outstanding
 
Weighted-
Average
Exercise Price
Per Share
 
 
 
Options
Outstanding
 
Weighted-
Average
Exercise Price
Per Share
Outstanding at beginning of year
212,038

 
$
40.47

 
393,347

 
$
40.72

 
893,139

 
$
43.23

Options exercised
(95,113
)
 
43.56

 
(178,759
)
 
40.90

 
(476,793
)
 
44.60

Options forfeited
(350
)
 
44.32

 
(2,550
)
 
40.09

 
(22,999
)
 
57.07

Outstanding at year-end
116,575

 
37.76

 
212,038

 
40.47

 
393,347

 
40.72

Options exercisable at year-end
116,575

 
 
 
204,394

 
 
 
364,770

 
 
Schedule of weighted-average assumptions used
Weighted-average assumptions used to determine benefit obligations at December 31:
 
Pension Benefits
 
Retirement Health and Life Insurance Benefits
 
2016
2015
 
2016
2015
Discount rate
4.25
%
4.25
%
 
3.25
%
3.00
%
Weighted-average assumptions used to determine net benefit cost for the years ended December 31:
 
Pension Benefits
 
Retirement Health and Life Insurance Benefits
 
2016
2015
 
2016
2015
Discount rate
4.25
%
4.00
%
 
3.00
%
3.00
%
Expected long-term rate of return on plan assets
5.51
%
6.50
%
 
—

—
Performance Shares  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of weighted-average assumptions used
Below were the assumptions used in the Monte Carlo calculation:
 
2016
 
2015
Expected volatility
29.6
%
 
28.2
%
Expected term (in years)
3

 
3

Risk-free interest rate
0.93
%
 
0.96
%
Schedule of restricted stock and restricted stock activity
A summary of activity under the performance-based restricted stock units plans for the fiscal years ended 2016, 2015 and 2014 is presented below:

 
2016
 
2015
 
2014
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
Non-vested awards outstanding at beginning of year
107,229

 
$
66.13

 
92,437

 
$
52.75

 
71,175

 
$
47.49

Awards granted
84,443

 
69.01

 
51,475

 
78.01

 
51,850

 
58.61

Stock issued
(25,397
)
 
72.68

 
(20,910
)
 
41.27

 
(14,383
)
 
47.89

Awards forfeited or expired
(14,506
)
 
104.83

 
(15,773
)
 
59.45

 
(16,205
)
 
52.71

Non-vested awards outstanding at end of year
151,769

 
$
89.72

 
107,229

 
$
66.13

 
92,437

 
$
52.75
Time Based Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of restricted stock and restricted stock activity
 
2016
 
2015
 
2014
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-Average Grant Date Fair Value
Non-vested awards outstanding at beginning of year
208,318

 
$
64.27

 
238,386

 
$
53.80

 
231,026

 
$
48.54

Awards granted
118,660

 
51.70

 
75,160

 
77.15

 
93,780

 
61.70

Stock issued
(60,326
)
 
64.03

 
(93,813
)
 
48.35

 
(62,378
)
 
47.19

Awards forfeited or expired
(27,463
)
 
64.60

 
(11,415
)
 
61.32

 
(24,042
)
 
51.19

Non-vested awards outstanding at end of year
239,189

 
$
57.71

 
208,318

 
$
64.27

 
238,386

 
$
53.80
Deferred Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of restricted stock and restricted stock activity
 
2016
 
2015
 
2014
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-
Average
Grant Date Fair Value
 
Awards Outstanding
 
Weighted-Average Grant Date Fair Value
Non-vested awards outstanding at beginning of year
23,950

 
$
27.22

 
30,150

 
$
24.43

 
31,550

 
$
26.77

Awards granted
11,900

 
58.82

 
10,300

 
73.79

 
14,700

 
58.45

Stock issued
(23,950
)
 
52.69

 
(16,500
)
 
51.20

 
(16,100
)
 
60.08

Non-vested awards outstanding at end of year
11,900

 
$
58.82

 
23,950

 
$
27.22

 
30,150

 
$
24.43