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Joint Ventures (Tables) | 6 Months Ended
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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 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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