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Joint Ventures (Tables)
9 Months Ended
Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Joint Ventures Accounted for Under Equity Method of Accounting
As of September 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
 
Nine Months Ended
 
September 30,
 
September 30,
(Dollars in thousands)
2017
 
2016
 
2017
 
2016
Net sales
$
14,020

 
$
12,773

 
$
38,653

 
$
32,934

Gross profit
$
5,463

 
$
4,119

 
$
14,832

 
$
10,877

Net income
$
2,768

 
$
1,796

 
$
6,718

 
$
4,440