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Joint Ventures (Tables)
9 Months Ended
Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Joint Ventures Accounted for Under Equity Method of Accounting
As of September 30, 2015, 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:

(Dollars in thousands)
Quarter Ended
 
Nine Months Ended
 
September 30,
2015
 
September 30,
2014
 
September 30,
2015
 
September 30,
2014
Net sales
$
12,227

 
$
11,992

 
$
32,708

 
$
35,842

Gross profit
$
3,201

 
$
3,361

 
$
8,087

 
$
10,663

Net income
$
1,754

 
$
1,905

 
$
4,374

 
$
5,984