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Capital Stock and Equity Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of 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,
20232022
Shares reserved for issuance under outstanding restricted stock unit awards248,055 255,310 
Deferred compensation to be paid in stock, including deferred stock units8,100 6,850 
Additional shares reserved for issuance under Rogers Corporation 2019 Long-Term Equity Compensation Plan842,046 914,439 
Shares reserved for issuance under the Rogers Corporation Employee Stock Purchase Plan59,611 59,611 
Total1,157,812 1,236,210 
Schedule of Weighted-Average Assumptions Used
Below were the assumptions used in the Monte Carlo calculation for each material award granted in 2023 and 2021:
February 9, 2023February 10, 2021
Expected volatility53.2%51.0%
Expected term2.9 years2.9 years
Risk-free interest rate4.08%0.18%
Schedule of Restricted Stock And Restricted Stock Activity
A summary of activity of the outstanding performance-based restricted stock units for 2023, 2022 and 2021 is presented below:
202320222021
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards outstanding as of January 165,513 $201.18 114,554 $196.23 111,059 $170.84 
Awards granted50,551 241.47 26,819 176.33 41,507 258.17 
Stock issued(8,775)147.58 (60,053)179.72 — — 
Awards forfeited(33,761)174.43 (15,807)204.69 (38,012)189.69 
Awards outstanding as of December 3173,528 $247.55 65,513 $201.18 114,554 $196.23 
A summary of activity of the outstanding time-based restricted stock units for 2023, 2022 and 2021 is presented below:
202320222021
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards outstanding as of January 1124,284 $194.60 96,989 $157.49 102,142 $120.16 
Awards granted67,734 148.85 96,620 219.60 50,640 180.19 
Stock issued(62,251)173.52 (48,253)183.00 (46,329)146.45 
Awards forfeited(28,768)213.84 (21,072)223.90 (9,464)146.58 
Awards outstanding as of December 31100,999 $171.43 124,284 $194.60 96,989 $157.49 
A summary of activity of the outstanding deferred stock units for 2023, 2022 and 2021 is presented below:
202320222021
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards OutstandingWeighted-
Average
Grant Date Fair Value
Awards outstanding as of January 16,850 $232.51 9,500 $173.82 12,450 $113.96 
Awards granted8,100 161.90 4,800 272.12 6,450 188.60 
Stock issued(6,850)232.51 (7,450)183.20 (9,400)104.68 
Awards outstanding as of December 318,100 $161.9 6,850 $232.51 9,500 $173.82