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Joint Ventures (Tables)
6 Months Ended
Jun. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Joint Ventures Accounted for Under Equity Method of Accounting
As of June 30, 2018, we had two joint ventures, each 50% owned, which were accounted for under the equity method of accounting.
Joint Venture
Location
Operating 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:
 
Three Months Ended
 
Six Months Ended
(Dollars in thousands)
June 30, 2018
 
June 30, 2017
 
June 30, 2018
 
June 30, 2017
Net sales
$
14,907

 
$
12,846

 
$
28,232

 
$
24,270

Gross profit
$
5,608

 
$
4,706

 
$
11,081

 
$
9,142

Net income
$
3,609

 
$
1,932

 
$
5,622

 
$
3,952