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Joint Ventures (Tables)
6 Months Ended
Jun. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Joint Ventures Accounted for Under Equity Method of Accounting
As of June 30, 2017, 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
 
Six Months Ended
(Dollars in thousands)
June 30, 2017
 
June 30, 2016
 
June 30, 2017
 
June 30, 2016
Net sales
$
12,846

 
$
11,210

 
$
24,270

 
$
20,386

Gross profit
$
4,706

 
$
3,435

 
$
9,142

 
$
6,597

Net income
$
1,932

 
$
1,416

 
$
3,952

 
$
2,642