Rogers (ROG) 10-Q 8 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 04, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	1-4347
Entity Registrant Name	ROGERS CORP
Entity Incorporation, State or Country Code	MA
Entity Tax Identification Number	06-0513860
Entity Address, Address Line One	2225 W. Chandler Blvd.
Entity Address, City or Town	Chandler
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85224-6155
City Area Code	480
Local Phone Number	917-6000
Title of 12(b) Security	Common Stock,
Entity Trading Symbol	ROG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		18,811,874
Entity Central Index Key	0000084748
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 247,231	$ 238,263	$ 747,467	$ 702,434
Cost of sales	169,167	146,609	497,491	431,448
Gross margin	78,064	91,654	249,976	270,986
Selling, general and administrative expenses	50,653	47,886	164,496	135,258
Research and development expenses	9,140	7,531	25,450	22,195
Restructuring and impairment charges	373	1,007	1,119	3,260
Other operating (income) expense, net	(578)	1,431	(2,852)	3,536
Operating income	18,476	33,799	61,763	106,737
Equity income in unconsolidated joint ventures	1,162	1,773	4,237	5,884
Pension settlement charges	0	(534)	0	(534)
Other income (expense), net	977	(469)	1,563	3,738
Interest expense, net	(2,942)	(441)	(5,559)	(1,452)
Income before income tax expense	17,673	34,128	62,004	114,373
Income tax expense	2,835	8,999	12,683	29,371
Net income	$ 14,838	$ 25,129	$ 49,321	$ 85,002
Basic earnings per share (in dollars per share)	$ 0.79	$ 1.34	$ 2.62	$ 4.54
Diluted earnings per share (in dollars per share)	$ 0.78	$ 1.33	$ 2.60	$ 4.51
Shares used in computing:
Basic earnings per share (in shares)	18,818	18,740	18,804	18,727
Diluted earnings per share (in shares)	18,999	18,874	18,997	18,831

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 14,838	$ 25,129	$ 49,321	$ 85,002
Foreign currency translation adjustment	(35,035)	(8,126)	(80,383)	(18,627)
Pension and other postretirement benefits:
Actuarial net loss incurred, net of tax (Note 4)	0	0	(15)	0
Amortization of loss, net of tax (Note 4)	87	52	260	173
Other comprehensive income (loss)	(34,948)	(8,074)	(80,138)	(18,454)
Comprehensive income (loss)	$ (20,110)	$ 17,055	$ (30,817)	$ 66,548

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 236,461	$ 232,296
Accounts receivable, less allowance for credit losses of $1,227 and $1,223	162,929	163,092
Contract assets	41,809	36,610
Inventories	173,610	133,384
Prepaid income taxes	4,008	1,921
Asbestos-related insurance receivables, current portion	3,361	3,176
Other current assets	15,500	13,586
Total current assets	637,678	584,065
Property, plant and equipment, net of accumulated depreciation of $368,270 and $367,850	374,984	326,967
Investments in unconsolidated joint ventures	12,974	16,328
Deferred income taxes	41,873	32,671
Goodwill	338,312	370,189
Other intangible assets, net of amortization	150,148	176,353
Pension assets	5,461	5,123
Asbestos-related insurance receivables, non-current portion	55,516	59,391
Other long-term assets	8,844	27,479
Total assets	1,625,790	1,598,566
Current liabilities
Accounts payable	57,200	64,660
Accrued employee benefits and compensation	35,978	48,196
Accrued income taxes payable	4,046	9,632
Asbestos-related liabilities, current portion	4,048	3,841
Other accrued liabilities	36,644	37,620
Total current liabilities	137,916	163,949
Borrowings under revolving credit facility	290,000	190,000
Pension and other postretirement benefits liabilities	1,495	1,618
Asbestos-related liabilities, non-current portion	60,167	64,491
Non-current income tax	8,013	7,131
Deferred income taxes	24,599	29,451
Other long-term liabilities	13,747	23,031
Commitments and contingencies (Note 10 and Note 12)
Shareholders’ equity
Capital stock - $1 par value; 50,000 authorized shares; 18,812 and 18,730 shares issued and outstanding	18,812	18,730
Additional paid-in capital	165,276	163,583
Retained earnings	1,031,146	981,825
Accumulated other comprehensive loss	(125,381)	(45,243)
Total shareholders' equity	1,089,853	1,118,895
Total liabilities and shareholders' equity	$ 1,625,790	$ 1,598,566

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,227	$ 1,223
Property, plant and equipment, accumulated depreciation	$ 368,270	$ 367,850
Capital Stock, par value (in dollars per share)	$ 1	$ 1
Capital Stock, authorized shares (shares)	50,000	50,000
Capital Stock, shares issued (shares)	18,812	18,730
Capital Stock, shares outstanding (shares)	18,812	18,730

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating Activities:
Net income	$ 49,321	$ 85,002
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	34,352	31,121
Equity compensation expense	11,576	13,147
Deferred income taxes	(14,076)	(1,267)
Equity in undistributed income of unconsolidated joint ventures	(4,237)	(5,884)
Dividends received from unconsolidated joint ventures	4,677	4,965
Pension settlement charges (benefits)		534
Pension and other postretirement benefits	23	(300)
(Gain) loss on sale or disposal of property, plant and equipment	(15)	(673)
Impairment charges	212	385
UTIS fire fixed asset and inventory write-offs	199	1,254
Provision (benefit) for credit losses	331	(310)
Changes in assets and liabilities:
Accounts receivable	(23,759)	(32,254)
Proceeds from insurance/government subsidies related to operations	1,153	264
Contract assets	(9,320)	(6,136)
Inventories	(47,500)	(19,386)
Pension and postretirement benefit contributions	(141)	(156)
Other current assets	(4,919)	(144)
Accounts payable and other accrued expenses	(12,083)	27,495
Other, net	16,040	8,458
Net cash provided by operating activities	1,834	106,115
Investing Activities:
Acquisition of business, net of cash received	(1,300)	0
Capital expenditures	(87,000)	(43,411)
Proceeds from the sale of property, plant and equipment, net	0	714
Proceeds from insurance claims	7,252	0
Net cash used in investing activities	(81,048)	(42,697)
Financing Activities:
Proceeds from borrowings under revolving credit facility	100,000	0
Repayment of debt principal and finance lease obligations	(202)	(29,655)
Payments of taxes related to net share settlement of equity awards	(10,751)	(2,752)
Proceeds from issuance of shares to employee stock purchase plan	950	1,563
Net cash provided by (used in) financing activities	89,997	(30,844)
Effect of exchange rate fluctuations on cash	(6,618)	(3,458)
Net (decrease) increase in cash and cash equivalents	4,165	29,116
Cash and cash equivalents at beginning of period	232,296	191,785
Cash and cash equivalents at end of period	236,461	220,901
Supplemental Disclosures:
Accrued capital additions	9,330	6,447
Interest, net of amounts capitalized	5,491	1,285
Income taxes	$ 19,617	$ 25,867

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Capital Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Balance, beginning of period at Dec. 31, 2020		$ 18,677	$ 147,961	$ 873,692	$ (19,575)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for vested restricted stock units, net of shares withheld for taxes		29	(2,781)
Shares issued for employee stock purchase plan		13	1,550
Shares issued to directors		10	(10)
Equity compensation expense			13,147
Net income	$ 85,002			85,002
Other comprehensive income (loss)	(18,454)				(18,454)
Balance, end of period at Sep. 30, 2021	1,099,261	18,729	159,867	958,694	(38,029)
Balance, beginning of period at Jun. 30, 2021		18,722	154,330	933,565	(29,955)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for vested restricted stock units, net of shares withheld for taxes		1	(69)
Shares issued for employee stock purchase plan		6	853
Shares issued to directors		0	0
Equity compensation expense			4,753
Net income	25,129			25,129
Other comprehensive income (loss)	(8,074)				(8,074)
Balance, end of period at Sep. 30, 2021	1,099,261	18,729	159,867	958,694	(38,029)
Balance, beginning of period at Dec. 31, 2021	1,118,895	18,730	163,583	981,825	(45,243)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for vested restricted stock units, net of shares withheld for taxes		69	(10,820)
Shares issued for employee stock purchase plan		6	944
Shares issued to directors		7	(7)
Equity compensation expense			11,576
Net income	49,321			49,321
Other comprehensive income (loss)	(80,138)				(80,138)
Balance, end of period at Sep. 30, 2022	1,089,853	18,812	165,276	1,031,146	(125,381)
Balance, beginning of period at Jun. 30, 2022		18,811	161,885	1,016,308	(90,433)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for vested restricted stock units, net of shares withheld for taxes		1	(129)
Shares issued for employee stock purchase plan		0	0
Shares issued to directors		0	0
Equity compensation expense			3,520
Net income	14,838			14,838
Other comprehensive income (loss)	(34,948)				(34,948)
Balance, end of period at Sep. 30, 2022	$ 1,089,853	$ 18,812	$ 165,276	$ 1,031,146	$ (125,381)

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation As used herein, the terms “Company,” “Rogers,” “we,” “us,” “our” and similar terms mean Rogers Corporation and its consolidated subsidiaries, unless the context indicates otherwise. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (GAAP) for interim financial information. Accordingly, these statements do not include all of the information and footnotes required by GAAP for complete financial statements. In our opinion, the accompanying condensed consolidated financial statements include all normal recurring adjustments necessary for their fair presentation in accordance with GAAP. All significant intercompany balances and transactions have been eliminated. Interim results are not necessarily indicative of results for a full year. For further information regarding our accounting policies, refer to the audited consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2021. Refer to the discussion below for our restructuring activities significant accounting policy.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The accounting guidance for fair value measurements establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value: • Level 1 – Quoted prices in active markets for identical assets or liabilities. • Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. As a result of our pension termination and settlement efforts in late 2019 and the first half of 2020, we had a pension surplus investment balance, which was accounted for as an available-for-sale investment as of June 2020. At the end of April, 2022, the entirety of the balance was paid out as a one-time discretionary contribution to all participants of the Rogers Employees Savings Investment Plan. For additional information regarding this balance, refer to “Note 11 – Pension Benefits and Other Postretirement Benefits.” Available-for-sale investments measured at fair value on a recurring basis, categorized by the level of inputs used in the valuation, were as follows: Available-for-Sale Investment at Fair Value as of September 30, 2022 (Dollars in thousands) Level 1 Level 2 Level 3 Total Pension surplus investment (1) $ — $ — $ — $ — Available-for-Sale Investment at Fair Value as of December 31, 2021 (Dollars in thousands) Level 1 Level 2 Level 3 Total Pension surplus investment (1) $ 6,638 $ — $ — $ 6,638 (1) This balance was invested in funds comprised of short-term cash and fixed income securities, and was recorded in the “Other long-term assets” line item in the condensed consolidated statements of financial position as of December 31, 2021. The fair value of this investment approximated its carrying value as of December 31, 2021. From time to time we enter into various instruments that require fair value measurement, including foreign currency contracts and copper derivative contracts. Derivative instruments measured at fair value on a recurring basis, categorized by the level of inputs used in the valuation, were as follows: Derivative Instruments at Fair Value as of September 30, 2022 (Dollars in thousands) Level 1 Level 2 Level 3 Total (1) Foreign currency contracts $ — $ 25 $ — $ 25 Copper derivative contracts $ — $ 189 $ — $ 189 Derivative Instruments at Fair Value as of December 31, 2021 (Dollars in thousands) Level 1 Level 2 Level 3 Total (1) Foreign currency contracts $ — $ (16) $ — $ (16) Copper derivative contracts $ — $ 1,344 $ — $ 1,344 (1) All balances were recorded in the “Other current assets” or “Other accrued liabilities” line items in the condensed consolidated statements of financial position. For additional information on derivative contracts, refer to “Note 3 – Hedging Transactions and Derivative Financial Instruments.”

Hedging Transactions and Deriva

Hedging Transactions and Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Hedging Transactions and Derivative Financial Instruments	Hedging Transactions and Derivative Financial Instruments We are exposed to certain risks related to our ongoing business operations. The primary risks being managed through our use of derivative instruments are foreign currency exchange rate risk and commodity pricing risk (primarily related to copper). We do not use derivative instruments for trading or speculative purposes. The valuation of derivative contracts used to manage each of these risks is described below: • Foreign Currency – The fair value of any foreign currency option derivative is based upon valuation models applied to current market information such as strike price, spot rate, maturity date and volatility, and by reference to market values resulting from an over-the-counter market or obtaining market data for similar instruments with similar characteristics. • Commodity – The fair value of copper derivatives is computed using a combination of intrinsic and time value valuation models, which are collectively a function of five primary variables: price of the underlying instrument, time to expiration, strike price, interest rate and volatility. The intrinsic valuation model reflects the difference between the strike price of the underlying copper derivative instrument and the current prevailing copper prices in an over-the-counter market at period end. The time value valuation model incorporates changes in the price of the underlying copper derivative instrument, the time value of money, the underlying copper derivative instrument’s strike price and the remaining time to the underlying copper derivative instrument’s expiration date from the period end date. The guidance for the accounting and disclosure of derivatives and hedging transactions requires companies to recognize all of their derivative instruments as either assets or liabilities at fair value in the condensed consolidated statements of financial position. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies for hedge accounting treatment as defined under the applicable accounting guidance. For derivative instruments that are designated and qualify for hedge accounting treatment as cash flow hedges (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive income (loss) in the condensed consolidated statements of comprehensive income (loss). This gain or loss is reclassified into earnings in the same line item of the condensed consolidated statements of operations associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings. Foreign Currency During the three months ended September 30, 2022, we entered into U.S. dollar, euro, and Korean won forward contracts. We entered into these foreign currency forward contracts to mitigate certain global transactional exposures. These contracts do not qualify for hedge accounting treatment. As a result, any fair value adjustments required on these contracts are recorded in “Other income (expense), net” in our condensed consolidated statements of operations in the period in which the adjustment occurred. As of September 30, 2022, the notional values of the remaining foreign currency forward contracts were as follows: Notional Values of Foreign Currency Derivatives USD/CNH $ 14,173,529 EUR/USD € 4,984,006 KRW/USD ₩ 8,081,640,000 Commodity As of September 30, 2022, we had 12 outstanding contracts to hedge exposure related to the purchase of copper in our AES operating segment. These contracts are held with financial institutions and are intended to offset rising copper prices and do not qualify for hedge accounting treatment. As a result, any fair value adjustments required on these contracts are recorded in “Other income (expense), net” in our condensed consolidated statements of operations in the period in which the adjustment occurred. As of September 30, 2022, the volume of our copper contracts outstanding was as follows: Volume of Copper Derivatives October 2022 - December 2022 69 metric tons per month January 2023 - March 2023 69 metric tons per month April 2023 - June 2023 69 metric tons per month July 2023 - September 2023 69 metric tons per month Effects on Financial Statements The impacts from our derivative instruments on the statement of operations and statements of comprehensive income (loss) were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) Financial Statement Line Item September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Foreign Currency Contracts Contracts not designated as hedging instruments Other income (expense), net $ (101) $ (909) $ (1,019) $ (2,131) Copper Derivative Contracts Contracts not designated as hedging instruments Other income (expense), net $ (171) $ (775) $ (969) $ 3,085

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component were as follows: (Dollars and accompanying footnotes in thousands) Foreign Currency Translation Adjustments Pension and Other Postretirement Benefits (1) Total Balance as of December 31, 2021 $ (35,641) $ (9,602) $ (45,243) Other comprehensive income (loss) before reclassifications (80,383) (15) (80,398) Amounts reclassified from accumulated other comprehensive loss — 260 260 Net current-period other comprehensive income (loss) (80,383) 245 (80,138) Balance as of September 30, 2022 $ (116,024) $ (9,357) $ (125,381) Balance as of December 31, 2020 $ (10,571) $ (9,004) $ (19,575) Other comprehensive income (loss) before reclassifications (18,627) — (18,627) Amounts reclassified from accumulated other comprehensive loss — 173 173 Net current-period other comprehensive income (loss) (18,627) 173 (18,454) Balance as of September 30, 2021 $ (29,198) $ (8,831) $ (38,029) (1) Net of taxes of $2,056 and $2,125 as of September 30, 2022 and December 31, 2021, respectively. Net of taxes of $1,902 and $1,951 as of September 30, 2021 and December 31, 2020, respectively.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories, which are valued at the lower of cost or net realizable value, consisted of the following: (Dollars in thousands) September 30, 2022 December 31, 2021 Raw materials $ 81,797 $ 60,208 Work-in-process 44,235 29,078 Finished goods 47,578 44,098 Total inventories $ 173,610 $ 133,384

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill The changes in the net carrying amount of goodwill by operating segment were as follows: (Dollars in thousands) Advanced Electronics Solutions Elastomeric Material Solutions Other Total December 31, 2021 $ 119,567 $ 248,398 $ 2,224 $ 370,189 Purchase accounting adjustment — (925) — (925) Foreign currency translation adjustment (9,552) (21,400) — $ (30,952) September 30, 2022 $ 110,015 $ 226,073 $ 2,224 $ 338,312 Other Intangible Assets The gross and net carrying amounts, as well as the accumulated amortization of other intangible assets were as follows: September 30, 2022 December 31, 2021 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 186,799 $ 82,103 $ 104,696 $ 198,095 $ 77,870 $ 120,225 Technology 82,844 55,471 27,373 88,445 54,900 33,545 Trademarks and trade names 22,979 9,676 13,303 25,504 8,968 16,536 Covenants not to compete 2,452 1,535 917 2,693 1,137 1,556 Total definite-lived other intangible assets 295,074 148,785 146,289 314,737 142,875 171,862 Indefinite-lived other intangible asset 3,859 — 3,859 4,491 — 4,491 Total other intangible assets $ 298,933 $ 148,785 $ 150,148 $ 319,228 $ 142,875 $ 176,353 In the table above, gross carrying amounts and accumulated amortization may differ from prior periods due to foreign exchange rate fluctuations. Amortization expense was $4.1 million and $3.1 million for the three months ended September 30, 2022 and 2021, respectively, and $12.6 million and $9.4 million for the nine months ended September 30, 2022 and 2021, respectively. The estimated future amortization expense is $3.9 million for the remainder of 2022 and $14.9 million, $13.6 million, $11.9 million and $11.3 million for 2023, 2024, 2025 and 2026, respectively. The weighted average amortization period as of September 30, 2022, by definite-lived other intangible asset class, was as follows: Definite-Lived Other Intangible Asset Class Weighted Average Remaining Amortization Period Customer relationships 7.8 years Technology 3.5 years Trademarks and trade names 2.1 years Covenants not to compete 1.0 years Total definite-lived other intangible assets 6.4 years

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is based on the weighted average number of common shares outstanding. Diluted earnings per share is based on the weighted average number of common shares outstanding and all dilutive potential common shares outstanding. The following table sets forth the computation of basic and diluted earnings per share: (Dollars and shares in thousands, except per share amounts) Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Numerator: Net income $ 14,838 $ 25,129 $ 49,321 $ 85,002 Denominator: Weighted-average shares outstanding - basic 18,818 18,740 18,804 18,727 Effect of dilutive shares 181 134 193 104 Weighted-average shares outstanding - diluted 18,999 18,874 18,997 18,831 Basic earnings per share $ 0.79 $ 1.34 $ 2.62 $ 4.54 Diluted earnings per share $ 0.78 $ 1.33 $ 2.60 $ 4.51 Dilutive shares are calculated using the treasury stock method and primarily include unvested restricted stock units. Anti-dilutive shares are excluded from the calculation of diluted shares and diluted earnings per share. For the three months ended September 30, 2022 and 2021, no shares and 1,994 shares were excluded, respectively.

Capital Stock and Equity Compen

Capital Stock and Equity Compensation	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Capital Stock and Equity Compensation	Capital Stock and Equity Compensation Equity Compensation Performance-Based Restricted Stock Units As of September 30, 2022, we had performance-based restricted stock units from 2021 and 2020 outstanding. These awards generally cliff vest at the end of a three-year measurement period. However, employees whose employment terminates during the measurement period due to death, disability, or, in certain cases, retirement may receive a pro-rata payout based on the number of days they were employed during the measurement period, except as noted below in Chief Executive Officer’s 2021 Equity Award Grants . Participants are eligible to be awarded shares ranging from 0% to 200% of the original award amount, based on certain defined performance measures. The outstanding awards have one measurement criterion: the three-year total shareholder return (TSR) on our capital stock as compared to that of a specified group of peer companies. The TSR measurement criterion of the awards is considered a market condition. As such, the fair value of this measurement criterion was determined on the grant date using a Monte Carlo simulation valuation model. We recognize compensation expense on all of these awards on a straight-line basis over the vesting period with no changes for final projected payout of the awards. We account for forfeitures as they occur. The following table sets forth the assumptions used in the Monte Carlo calculation for each material award granted in 2021: February 10, 2021 Expected volatility 51.0% Expected term (in years) 2.9 Risk-free interest rate 0.18% Expected volatility – In determining expected volatility, we have considered a number of factors, including historical volatility. Expected term – We use the vesting period of the award to determine the expected term assumption for the Monte Carlo simulation valuation model. Risk-free interest rate – We use an implied “spot rate” yield on U.S. Treasury Constant Maturity rates as of the grant date for our assumption of the risk-free interest rate. Expected dividend yield – We do not currently pay dividends on our capital stock; therefore, a dividend yield of 0% was used in the Monte Carlo simulation valuation model. A summary of activity of the outstanding performance-based restricted stock units for the nine months ended September 30, 2022 is presented below: Performance-Based Awards outstanding as of December 31, 2021 114,554 Awards granted 26,819 Stock issued (60,053) Awards cancelled (1,860) Awards outstanding as of September 30, 2022 79,460 We recognized $1.1 million and $2.6 million of compensation expense for performance-based restricted stock units for the three months ended September 30, 2022 and 2021, respectively. We recognized $3.3 million and $5.8 million of compensation expense for performance-based restricted stock units for the nine months ended September 30, 2022 and 2021, respectively. Time-Based Restricted Stock Units As of September 30, 2022, we had time-based restricted stock unit awards from 2022, 2021, 2020 and 2019 outstanding. The outstanding awards all ratably vest on the first, second and third anniversaries of the original grant date. However, employees whose employment terminates during the measurement period due to death, disability, or, in certain cases, retirement may receive a pro-rata payout based on the number of days they were employed subsequent to the last grant anniversary date, except as noted below in Chief Executive Officer’s 2021 Equity Award Grants . Each time-based restricted stock unit represents a right to receive one share of Rogers’ capital stock at the end of the vesting period. The fair value of the award is determined by the market value of the underlying stock price at the grant date. We recognize compensation expense on all of these awards on a straight-line basis over the vesting period. We account for forfeitures as they occur. A summary of activity of the outstanding time-based restricted stock units for the nine months ended September 30, 2022 is presented below: Time-Based Awards outstanding as of December 31, 2021 96,989 Awards granted 63,150 Stock issued (47,600) Awards cancelled (3,766) Awards outstanding as of September 30, 2022 108,773 We recognized $2.4 million and $2.0 million of compensation expense for time-based restricted stock units for the three months ended September 30, 2022 and 2021, respectively. We recognized $7.0 million and $5.8 million of compensation expense for time-based restricted stock units for the nine months ended September 30, 2022 and 2021, respectively. Chief Executive Officer’s 2021 Equity Award Grants The terms of the performance-based and time-based restricted stock unit awards granted to our Chief Executive Officer (CEO), Bruce Hoechner, in February 2021 were modified from the standard language provisions from prior year awards to allow for accelerated vesting of the full awards provided certain criteria are met. Accounting Standards Codification (ASC) Topic 718: Compensation—Stock Compensation requires companies that allow for accelerated vesting of employees’ unvested equity upon retirement to recognize the expense from the date of grant to the date the employee becomes eligible to retire – regardless of whether or not the employee actually retires when he or she is eligible to retire. As a result, the $4.0 million of expense in 2021 related to the awards granted on February 10, 2021 to our CEO, which provide for immediate vesting upon retirement, were expensed from the date of the grant, February 10, 2021, through his retirement eligibility date, November 9, 2021. Deferred Stock Units We grant deferred stock units to non-management directors. These awards are fully vested on the date of grant and the related shares are generally issued on the 13-month anniversary of the grant date unless the individual elects to defer the receipt of those shares. Each deferred stock unit results in the issuance of one share of Rogers’ capital stock. The grant of deferred stock units is typically done annually during the second quarter of each year. The fair value of the award is determined by the market value of the underlying stock price at the grant date. A summary of activity of the outstanding deferred stock units for the nine months ended September 30, 2022 is presented below: Deferred Stock Units Awards outstanding as of December 31, 2021 9,500 Awards granted 4,800 Stock issued (7,450) Awards outstanding as of September 30, 2022 6,850 We recognized no compensation expense for deferred stock units for the three months ended September 30, 2022 and 2021, respectively. We recognized $1.3 million and $1.2 million of compensation expense for deferred stock units for the nine months ended September 30, 2022 and 2021, respectively.

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt On October 16, 2020, we entered into the Fourth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (the Fourth Amended Credit Agreement). The Fourth Amended Credit Agreement amends and restates the Third Amended Credit Agreement, and provides for a revolving credit facility with up to a $450.0 million borrowing capacity, with sublimits for multicurrency borrowings, letters of credit and swing-line notes, in addition to a $175.0 million accordion feature. Borrowings may be used to finance working capital needs, for letters of credit and for general corporate purposes in the ordinary course of business, including the financing of permitted acquisitions (as defined in the Fourth Amended Credit Agreement). The Fourth Amended Credit Agreement extends the maturity, the date on which all amounts borrowed or outstanding under the Fourth Amended Credit Agreement are due, from February 17, 2022 to March 31, 2024. All obligations under the Fourth Amended Credit Agreement are guaranteed by each of our existing and future material domestic subsidiaries, as defined in the Fourth Amended Credit Agreement (the Guarantors). The obligations are also secured by a Fourth Amended and Restated Pledge and Security Agreement, dated as of October 16, 2020, entered into by us and the Guarantors which grants to the administrative agent, for the benefit of the lenders, a security interest, subject to certain exceptions, in substantially all of our and the Guarantors’ non-real estate assets. These assets include, but are not limited to, receivables, equipment, intellectual property, inventory, and stock in certain subsidiaries. On March 5, 2021, the U.K. Financial Conduct Authority (“FCA”) publicly announced that immediately after December 31, 2021, publication of most Euro, Swiss Franc, Japanese Yen and Pound Sterling LIBOR settings will permanently cease. On October 15, 2021, Rogers Corporation and JPMorgan Chase Bank, N.A. entered into an amendment (Amendment No. 1) to the Fourth Amended Credit Agreement to adopt a new benchmark interest rate to replace the discontinued LIBOR reference rates. Borrowings under the Fourth Amended Credit Agreement can be made as alternate base rate loans, euro-currency loans, or RFR loans. Alternate base rate loans bear interest at a base reference rate plus a spread of 62.5 to 100.0 basis points, depending on our leverage ratio. The base reference rate is the greatest of (a) the prime rate in effect on such day, (b) the NYFRB rate in effect on such day plus ½ of 1%, and (c) the adjusted LIBOR for a one month interest period in dollars on such day (or if such day is not a business day, the immediately preceding business day) plus 1%. Euro-currency loans bear interest based on adjusted LIBOR plus a spread of 162.5 to 200.0 basis points, depending on our leverage ratio. RFR loans bears interest based upon the Sterling Overnight Index Average (SONIA) plus 0.0326% plus a spread of 162.5 to 200.0 basis points. Based on our leverage ratio as of September 30, 2022, the spread was 175.0 basis points. In addition to interest payable on the principal amount of indebtedness outstanding, we incur an annual fee of 25 to 35 basis points (based upon our leverage ratio), paid quarterly, of the unused amount of the lenders’ commitments under the Fourth Amended Credit Agreement. The Fourth Amended Credit Agreement contains customary representations and warranties, covenants, mandatory prepayments and events of default under which our payment obligations may be accelerated. If an event of default occurs, the lenders may, among other things, terminate their commitments and declare all outstanding borrowings to be immediately due and payable together with accrued interest and fees. The financial covenants include requirements to maintain (1) a total net leverage ratio of no more than 3.25 to 1.00, subject to a one-time election to increase the maximum total net leverage ratio to 3.50 to 1.00 for one The Fourth Amended Credit Agreement generally permits us to pay cash dividends to our shareholders, provided that (i) no default or event of default has occurred and is continuing or would result from the dividend payment and (ii) our total net leverage ratio does not exceed 2.75 to 1.00. If our total net leverage ratio exceeds 2.75 to 1.00, we may nonetheless make up to $20.0 million in restricted payments, including cash dividends, during the fiscal year, provided that no default or event of default has occurred and is continuing or would result from the payments. Our total net leverage ratio did not exceed 2.75 to 1.00 as of September 30, 2022. We borrowed $30.0 million under the Fourth Amended Credit Agreement for the three months ended September 30, 2022, and $100.0 million for the nine months ended September 30, 2022. There were no borrowings for the three and nine months ended September 30, 2021. We are not required to make any quarterly principal payments under the Fourth Amended Credit Agreement. We made no payments for the three and nine months ended September 30, 2022, and no payments for the three months ended September 30, 2021. We made $25.0 million of discretionary principal payments on our revolving credit facility for the nine months ended September 30, 2021. We had $290.0 million outstanding borrowings under our revolving credit facility as of September 30, 2022, and $190.0 million as of December 31, 2021. We had $1.1 million and $1.6 million of outstanding line of credit issuance costs as of September 30, 2022 and December 31, 2021, respectively, which will be amortized over the life of the Fourth Amended Credit Agreement.

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	Leases Amortization expense related to our finance lease right-of-use assets, which is primarily included in the “Cost of sales” line item of the condensed consolidated statements of operations, was immaterial for each of the three- and nine-month periods ended September 30, 2022 and 2021. Interest expense related to our finance lease obligations, which is included in the “Interest expense, net” line item of the condensed consolidated statements of operations, was immaterial for each of the three- and nine-month periods ended September 30, 2022 and 2021. Payments made on the principal portion of our finance lease obligations were immaterial for each of the three- and nine-month periods ended September 30, 2022 and 2021, excluding the $5.0 million net cash payment to exercise the Eschenbach, Germany manufacturing facility purchase option. We have operating leases primarily related to building space and vehicles. Renewal options are included in the lease term to the extent we are reasonably certain to exercise the option. The exercise of lease renewal options is at our sole discretion. We account for lease components separately from non-lease components. The incremental borrowing rate represents our ability to borrow on a collateralized basis over a similar lease term. Our expenses and payments for operating leases were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Operating leases expense $ 652 $ 594 $ 1,896 $ 2,054 Short-term leases expense $ 168 $ 97 $ 420 $ 227 Payments on operating lease obligations $ 663 $ 610 $ 2,231 $ 1,945 Our assets and liabilities balances related to finance and operating leases reflected in the condensed consolidated statements of financial position were as follows: (Dollars in thousands) Location in Statements of September 30, 2022 December 31, 2021 Finance lease right-of-use assets Property, plant and equipment, net $ 1,629 $ 389 Operating lease right-of-use assets Other long-term assets $ 5,688 $ 17,161 Finance lease obligations, current portion Other accrued liabilities $ 389 $ 198 Finance lease obligations, non-current portion Other long-term liabilities $ 1,227 $ 209 Total finance lease obligations $ 1,616 $ 407 Operating lease obligations, current portion Other accrued liabilities $ 2,016 $ 2,810 Operating lease obligations, non-current portion Other long-term liabilities $ 4,112 $ 14,965 Total operating lease obligations $ 6,128 $ 17,775 Net Future Minimum Lease Payments The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of September 30, 2022: Finance Operating (Dollars in thousands) Leases Signed Less: Leases Not Yet Commenced Leases in Effect Leases Signed Less: Leases Not Yet Commenced Leases in Effect 2022 92 (4) 88 678 (19) 659 2023 564 (51) 513 2,446 (441) 2,005 2024 381 (56) 325 1,364 (479) 885 2025 381 (56) 325 1,021 (498) 523 2026 379 (56) 323 947 (429) 518 Thereafter 343 (126) 217 5,535 (2,973) 2,562 Total lease payments 2,140 (349) 1,791 11,991 (4,839) 7,152 Less: Interest (204) 29 (175) (2,333) 1,309 (1,024) Present Value of Net Future Minimum Lease Payments 1,936 (320) 1,616 9,658 (3,530) 6,128 The following table includes information regarding the lease term and discount rates utilized in the calculation of the present value of net future minimum lease payments: Finance Operating Weighted Average Remaining Lease Term 4.6 years 6.1 years Weighted Average Discount Rate 3.76% 4.40% In April 2022, we successfully negotiated the termination of a lease signed for the facility in South Korea, which went into effect in October 2021, in exchange for an approximately $0.4 million settlement fee. The termination of this lease reduced our operating lease right-of-use assets and lease liabilities by approximately $9.2 million each.
Leases	Leases Amortization expense related to our finance lease right-of-use assets, which is primarily included in the “Cost of sales” line item of the condensed consolidated statements of operations, was immaterial for each of the three- and nine-month periods ended September 30, 2022 and 2021. Interest expense related to our finance lease obligations, which is included in the “Interest expense, net” line item of the condensed consolidated statements of operations, was immaterial for each of the three- and nine-month periods ended September 30, 2022 and 2021. Payments made on the principal portion of our finance lease obligations were immaterial for each of the three- and nine-month periods ended September 30, 2022 and 2021, excluding the $5.0 million net cash payment to exercise the Eschenbach, Germany manufacturing facility purchase option. We have operating leases primarily related to building space and vehicles. Renewal options are included in the lease term to the extent we are reasonably certain to exercise the option. The exercise of lease renewal options is at our sole discretion. We account for lease components separately from non-lease components. The incremental borrowing rate represents our ability to borrow on a collateralized basis over a similar lease term. Our expenses and payments for operating leases were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Operating leases expense $ 652 $ 594 $ 1,896 $ 2,054 Short-term leases expense $ 168 $ 97 $ 420 $ 227 Payments on operating lease obligations $ 663 $ 610 $ 2,231 $ 1,945 Our assets and liabilities balances related to finance and operating leases reflected in the condensed consolidated statements of financial position were as follows: (Dollars in thousands) Location in Statements of September 30, 2022 December 31, 2021 Finance lease right-of-use assets Property, plant and equipment, net $ 1,629 $ 389 Operating lease right-of-use assets Other long-term assets $ 5,688 $ 17,161 Finance lease obligations, current portion Other accrued liabilities $ 389 $ 198 Finance lease obligations, non-current portion Other long-term liabilities $ 1,227 $ 209 Total finance lease obligations $ 1,616 $ 407 Operating lease obligations, current portion Other accrued liabilities $ 2,016 $ 2,810 Operating lease obligations, non-current portion Other long-term liabilities $ 4,112 $ 14,965 Total operating lease obligations $ 6,128 $ 17,775 Net Future Minimum Lease Payments The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of September 30, 2022: Finance Operating (Dollars in thousands) Leases Signed Less: Leases Not Yet Commenced Leases in Effect Leases Signed Less: Leases Not Yet Commenced Leases in Effect 2022 92 (4) 88 678 (19) 659 2023 564 (51) 513 2,446 (441) 2,005 2024 381 (56) 325 1,364 (479) 885 2025 381 (56) 325 1,021 (498) 523 2026 379 (56) 323 947 (429) 518 Thereafter 343 (126) 217 5,535 (2,973) 2,562 Total lease payments 2,140 (349) 1,791 11,991 (4,839) 7,152 Less: Interest (204) 29 (175) (2,333) 1,309 (1,024) Present Value of Net Future Minimum Lease Payments 1,936 (320) 1,616 9,658 (3,530) 6,128 The following table includes information regarding the lease term and discount rates utilized in the calculation of the present value of net future minimum lease payments: Finance Operating Weighted Average Remaining Lease Term 4.6 years 6.1 years Weighted Average Discount Rate 3.76% 4.40% In April 2022, we successfully negotiated the termination of a lease signed for the facility in South Korea, which went into effect in October 2021, in exchange for an approximately $0.4 million settlement fee. The termination of this lease reduced our operating lease right-of-use assets and lease liabilities by approximately $9.2 million each.

Pension Benefits and Other Post

Pension Benefits and Other Postretirement Benefits	9 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Pension Benefit and Other Postretirement Benefits	Pension Benefits and Other Postretirement Benefits Pension and Other Postretirement Benefit Plans As of September 30, 2022, we had one qualified noncontributory defined benefit pension plan, the Rogers Corporation Employees’ Pension Plan (the Union Plan), which was frozen and ceased accruing benefits in 2013. Additionally, we sponsor other postretirement benefit plans, including multiple fully insured or self-funded medical plans and life insurance plans for certain retirees. The measurement date for all plans is December 31 st for each respective plan year. Pension Termination Surplus Funds On October 17, 2019, our Chief Executive Officer approved the termination of the Rogers Corporation Defined Benefit Pension Plan (following its merger with the Hourly Employees Pension Plan of Arlon LLC, Microwave Material and Silicone Technologies Divisions, Bear, Delaware (collectively, the Merged Plan)). We provided participants of the Merged Plan an option to elect either a lump sum distribution or an annuity. A group annuity contract was purchased with an insurance company for all participants who did not elect a lump sum distribution. The insurance company became responsible for administering and paying pension benefit payments effective January 1, 2020. Upon completion of the pension termination and settlement processes for the Merged Plan, we had a $9.7 million remaining pension surplus investment balance. In July 2020 and December 2021, we transferred $9.2 million of the pension surplus investment balance to a suspense account held within a trust for the Rogers Employee Savings and Investment Plan (RESIP), a 401(k) plan for domestic employees. In December 2021, we transferred the remaining pension investment balance not initially transferred, to the RESIP trust suspense account. The investment balance not transferred to the trust suspense account will be used to pay any final plan expenses, after which the remainder of these funds will be moved to the RESIP trust suspense account. The funds in the RESIP trust suspense account have been, and will continue to be, used to fund certain employer contributions. There was no remaining balance for the pension surplus investments as of September 30, 2022. Components of Net Periodic Benefit (Credit) Cost The components of net periodic benefit (credit) cost were as follows: Pension Benefits Other Postretirement Benefits Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (Dollars in thousands) 2022 2021 2022 2021 2022 2021 2022 2021 Service cost $ — $ — $ — $ — $ 10 $ 16 $ 30 $ 46 Interest cost 191 182 573 550 8 7 24 19 Expected return of plan assets (340) (389) (1,020) (1,169) — — — — Amortization of prior service credit — — — — — (25) — (73) Amortization of net loss 111 95 333 291 — — — — Net periodic benefit (credit) cost $ (38) $ (112) $ (114) $ (328) $ 18 $ (2) $ 54 $ (8) Employer Contributions There were no required or voluntary contributions made to the Union Plan or the Merged Plan for each of the three and nine- months ended September 30, 2022 and 2021. Additionally, we are not required to make additional contributions to the Union Plan for the remainder of 2022. As there is no funding requirement for the other postretirement benefit plans, we funded these benefit payments as incurred, which were immaterial for each of the three and nine- months ended September 30, 2022 and 2021, using cash from operations.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are currently engaged in the following material environmental and legal proceedings: Voluntary Corrective Action Program Our location in Rogers, Connecticut is part of the Connecticut Voluntary Corrective Action Program (VCAP). As part of this program, we partnered with the Connecticut Department of Energy and Environmental Protection (CT DEEP) to determine the corrective actions to be taken at the site related to contamination issues. We evaluated this matter and completed internal due diligence work related to the site in the fourth quarter of 2015. Remediation activities on the site are ongoing and are recorded as reductions to the accrual as they are incurred. We incurred $1.9 million of aggregate remediation costs through September 30, 2022, and the accrual for future remediation efforts is $0.8 million. Asbestos Overview We, like many other industrial companies, have been named as a defendant in a number of lawsuits filed in courts across the country by persons alleging personal injury from exposure to products containing asbestos. We have never mined, milled, manufactured or marketed asbestos; rather, we made and provided to industrial users a limited number of products that contained encapsulated asbestos, but we stopped manufacturing these products in the late 1980s. Most of the claims filed against us involve numerous defendants, sometimes as many as several hundred. The following table summarizes the change in number of asbestos claims outstanding for the nine months ended September 30, 2022: Asbestos Claims Claims outstanding as of January 1 543 New claims filed 101 Pending claims concluded (1) (107) Claims outstanding as of September 30, 2022 537 (1) For the nine months ended September 30, 2022, 94 claims were dismissed and 13 claims were settled. Settlements totaled approximately $1.7 million for the nine months ended September 30, 2022. Impact on Financial Statements We recognize a liability for asbestos-related contingencies that are probable of occurrence and reasonably estimable. In connection with the recognition of liabilities for asbestos-related matters, we record asbestos-related insurance receivables that are deemed probable. The liability projection period covers all current and future indemnity and defense costs through 2064, which represents the expected end of our asbestos liability exposure with no further ongoing claims expected beyond that date. This conclusion was based on our history and experience with the claims data, the diminished volatility and consistency of observable claims data, the period of time that has elapsed since we stopped manufacturing products that contained encapsulated asbestos and an expected downward trend in claims due to the average age of our claimants, which is approaching the average life expectancy. To date, the indemnity and defense costs of our asbestos-related product liability litigation have been substantially covered by insurance. Although we have exhausted coverage under some of our insurance policies, we believe that we have applicable primary, excess and/or umbrella coverage for claims arising with respect to most of the years during which we manufactured and marketed asbestos-containing products. In addition, we have entered into a cost sharing agreement with most of our primary, excess and umbrella insurance carriers to facilitate the ongoing administration and payment of claims covered by the carriers. The cost sharing agreement may be terminated by any party, but will continue until a party elects to terminate it. As of the filing date for this report, the agreement has not been terminated, and no carrier had informed us it intended to terminate the agreement. We expect to continue to exhaust individual primary, excess and umbrella coverages over time, and there is no assurance that such exhaustion will not accelerate due to additional claims, damages and settlements or that coverage will be available as expected. We are responsible for uninsured indemnity and defense costs, and we incurred an immaterial amount of expenses for each of the three- and nine-month periods ended September 30, 2022 and 2021, respectively, related to such costs. The amounts recorded for the asbestos-related liability and the related insurance receivables are based on facts known at the time and a number of assumptions. However, projecting future events, such as the number of new claims to be filed each year, the average cost of disposing of such claims, the length of time it takes to dispose of such claims, coverage issues among insurers and the continuing solvency of various insurance companies, as well as the numerous uncertainties surrounding asbestos litigation in the United States, could cause the actual liability and insurance recoveries for us to be higher or lower than those projected or recorded. Changes recorded in the estimated liability and estimated insurance recovery based on projections of asbestos litigation and corresponding insurance coverage, result in the recognition of expense or income. Our projected asbestos-related liabilities and insurance receivables were as follows: (Dollars in thousands) September 30, 2022 December 31, 2021 Asbestos-related liabilities $ 64,215 $ 68,332 Asbestos-related insurance receivables $ 58,877 $ 62,567 General In addition to the above issues, the nature and scope of our business brings us in regular contact with the general public and a variety of businesses and government agencies. Such activities inherently subject us to the possibility of litigation, including environmental and product liability matters that are defended and handled in the ordinary course of business. We have established accruals for matters for which management considers a loss to be probable and reasonably estimable. It is the opinion of management that facts known at the present time do not indicate that such litigation will have a material adverse impact on our results of operations, financial position or cash flows.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective income tax rate was 16.0% and 26.4% for the three months ended September 30, 2022 and 2021, respectively. The decrease from the third quarter of 2021 was primarily due to the beneficial impact of a decrease in current quarter accruals of reserves for uncertain tax positions. Our effective income tax rate was 20.5% and 25.7% for the nine months ended September 30, 2022 and 2021, respectively. The decrease from the first nine months of 2021 was primarily due to the beneficial impact of a decrease in current quarter accruals of reserves for uncertain tax positions. The total amount of unrecognized tax benefits as of September 30, 2022 was $6.5 million, of which $5.9 million would affect our effective tax rate if recognized. Additionally, the balance of unrecognized tax benefits as of September 30, 2022 also included $0.6 million of tax benefits that, if recognized, would result in adjustments to other tax accounts, primarily deferred taxes. We recognize interest and penalties related to unrecognized tax benefits through income tax expense. As of September 30, 2022, we had $0.7 million accrued for the payment of interest. We are subject to taxation in the U.S. and various state and foreign jurisdictions. Our tax years from 2018 through 2022 are subject to examination by the tax authorities. With few exceptions, we are no longer subject to U.S. federal, state, local and foreign examinations by tax authorities for the years before 2018.

Operating Segment Information

Operating Segment Information	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Operating Segment Information	Operating Segment Information Our reporting structure is comprised of the following strategic operating segments: AES and EMS. The remaining operations, which represent our non-core businesses, are reported in the Other operating segment. Our AES operating segment designs, develops, manufactures and sells circuit materials, ceramic substrate materials, busbars and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure (i.e., power amplifiers, antennas and small cells), automotive (i.e., advanced driver assistance systems (ADAS), telematics and thermal solutions), aerospace and defense (i.e., antenna systems, communication systems and phased array radar systems), mass transit, clean energy (i.e., variable frequency drives, renewable energy), connected devices (i.e., mobile internet devices and thermal solutions) and wired infrastructure (i.e., computing and IP infrastructure) markets. Our EMS operating segment designs, develops, manufactures and sells engineered material solutions for a wide variety of applications and markets. These include polyurethane and silicone materials used in cushioning, gasketing and sealing, and vibration management applications for general industrial, portable electronics, automotive, EV/HEV, mass transit, aerospace and defense, footwear and impact mitigation and printing markets; customized silicones used in flex heater and semiconductor thermal applications for general industrial, portable electronics, automotive, EV/HEV, mass transit, aerospace and defense and medical markets; polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications for general industrial, automotive, EV/HEV and aerospace and defense markets. Our Other operating segment consists of elastomer components for applications in the general industrial market, as well as elastomer floats for level sensing in fuel tank, motor, and storage tank applications in the general industrial and automotive markets. We sell our elastomer components under our ENDUR ® trade name and our floats under our NITROPHYL ® trade name. The following table presents a disaggregation of revenue from contracts with customers and other pertinent financial information, for the periods indicated; inter-segment sales have been eliminated from the net sales data: (Dollars in thousands) Advanced Electronics Solutions Elastomeric Material Solutions Other Total Three Months Ended September 30, 2022 Net sales - recognized over time $ 72,969 $ 3,346 $ 4,110 $ 80,425 Net sales - recognized at a point in time 57,639 107,637 1,530 166,806 Total net sales $ 130,608 $ 110,983 $ 5,640 $ 247,231 Operating income $ 2,263 $ 14,322 $ 1,891 $ 18,476 Three Months Ended September 30, 2021 Net sales - recognized over time $ 64,277 $ 4,612 $ 4,829 $ 73,718 Net sales - recognized at a point in time 70,714 93,339 492 164,545 Total net sales $ 134,991 $ 97,951 $ 5,321 $ 238,263 Operating income $ 13,945 $ 18,104 $ 1,750 $ 33,799 Nine Months Ended September 30, 2022 Net sales - recognized over time $ 214,091 $ 9,090 $ 12,763 $ 235,944 Net sales - recognized at a point in time 190,835 317,223 3,465 511,523 Total net sales $ 404,926 $ 326,313 $ 16,228 $ 747,467 Operating income $ 12,342 $ 43,920 $ 5,501 $ 61,763 Nine Months Ended September 30, 2021 Net sales - recognized over time $ 176,339 $ 11,057 $ 14,802 $ 202,198 Net sales - recognized at a point in time 230,970 268,074 1,192 500,236 Total net sales $ 407,309 $ 279,131 $ 15,994 $ 702,434 Operating income $ 47,082 $ 53,818 $ 5,837 $ 106,737 Net sales by operating segment and by geographic area were as follows: (Dollars in thousands) Net Sales (1) Region/Country Advanced Electronics Solutions Elastomeric Material Solutions Other Total Three Months Ended September 30, 2022 United States $ 33,969 $ 46,772 $ 1,087 $ 81,828 Other Americas 843 2,534 247 3,624 Total Americas 34,812 49,306 1,334 85,452 China 36,126 37,349 2,290 75,765 Other APAC 16,544 5,173 508 22,225 Total APAC 52,670 42,522 2,798 97,990 Germany 19,727 7,310 393 27,430 Other EMEA 23,399 11,845 1,115 36,359 Total EMEA 43,126 19,155 1,508 63,789 Total net sales $ 130,608 $ 110,983 $ 5,640 $ 247,231 Three Months Ended September 30, 2021 United States $ 22,119 $ 42,338 $ 1,510 $ 65,967 Other Americas 950 2,415 195 3,560 Total Americas 23,069 44,753 1,705 69,527 China 47,153 34,789 1,059 83,001 Other APAC 17,608 6,177 645 24,430 Total APAC 64,761 40,966 1,704 107,431 Germany 24,620 5,892 175 30,687 Other EMEA 22,541 6,340 1,737 30,618 Total EMEA 47,161 12,232 1,912 61,305 Total net sales $ 134,991 $ 97,951 $ 5,321 $ 238,263 (1) Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated. (Dollars in thousands) Net Sales (1) Region/Country Advanced Electronics Solutions Elastomeric Material Solutions Other Total Nine Months Ended September 30, 2022 United States $ 94,907 $ 136,340 $ 3,075 $ 234,322 Other Americas 2,814 7,550 614 10,978 Total Americas 97,721 143,890 3,689 245,300 China 113,448 99,734 6,048 219,230 Other APAC 60,023 18,418 1,778 80,219 Total APAC 173,471 118,152 7,826 299,449 Germany 57,653 23,784 874 82,311 Other EMEA 76,081 40,487 3,839 120,407 Total EMEA 133,734 64,271 4,713 202,718 Total net sales $ 404,926 $ 326,313 $ 16,228 $ 747,467 Nine Months Ended September 30, 2021 United States $ 67,740 $ 120,736 $ 3,535 $ 192,011 Other Americas 2,334 7,724 582 10,640 Total Americas 70,074 128,460 4,117 202,651 China 155,417 90,047 3,478 248,942 Other APAC 66,412 20,875 2,013 89,300 Total APAC 221,829 110,922 5,491 338,242 Germany 51,434 22,057 526 74,017 Other EMEA 63,972 17,692 5,860 87,524 Total EMEA 115,406 39,749 6,386 161,541 Total net sales $ 407,309 $ 279,131 $ 15,994 $ 702,434 (1) Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated. Revenue from Contracts with Customers We have contract assets primarily related to unbilled revenue for revenue recognized related to products that are deemed to have no alternative use whereby we have the right to payment. Revenue is recognized in advance of billing to the customer in these circumstances as billing is typically performed at the time of shipment to the customer. The unbilled revenue is included in contract assets on the condensed consolidated statements of financial position. Contract assets by operating segment were as follows: (Dollars in thousands) September 30, 2022 December 31, 2021 Advanced Electronics Solutions $ 36,015 $ 31,398 Elastomeric Material Solutions 2,467 2,082 Other 3,327 3,130 Total contract assets $ 41,809 $ 36,610 We did not have any contract liabilities as of September 30, 2022 or December 31, 2021. No impairment losses were recognized for the three or nine-month periods ended September 30, 2022 and 2021, respectively, on any receivables or contract assets arising from our contracts with customers.

Supplemental Financial Informat

Supplemental Financial Information	9 Months Ended
	Sep. 30, 2022
Supplemental Income Statement Elements [Abstract]
Supplemental Financial Information	Supplemental Financial Information Restructuring and Impairment Charges The components of “Restructuring and impairment charges” line item in the condensed consolidated statements of operations, which contains restructuring charges and related expenses, as well as impairment charges, were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Restructuring charges Manufacturing footprint optimization $ 373 $ 622 $ 907 $ 2,875 Total restructuring charges 373 622 907 2,875 Impairment charges Fixed asset impairment charges — 385 212 385 Total impairment charges — 385 212 385 Total restructuring and impairment charges $ 373 $ 1,007 $ 1,119 $ 3,260 Our AES operating segment incurred $0.4 million and $1.1 million of restructuring and impairment charges for the three and nine months ended September 30, 2022, respectively, while our EMS operating segment incurred an immaterial amount of restructuring and impairment charges for the three and nine months ended September 30, 2022. Our AES operating segment incurred $1.0 million and $3.2 million of restructuring and impairment charges, respectively, for the three and nine months ended September 30, 2021, while our EMS operating segment incurred an immaterial amount of restructuring and impairment charges for the three and nine months ended September 30, 2021. Restructuring Charges & Related Expenses - Manufacturing Footprint Optimization During the third quarter of 2020, we commenced manufacturing footprint optimization plans involving certain Europe and Asia manufacturing locations, primarily impacting our AES operating segment, in order to achieve greater cost competitiveness as well as align capacity with end market demand. The majority of the restructuring activities were completed in the first half of 2021. We incurred an immaterial amount of restructuring charges and related expenses for the three and nine months ended September 30, 2022, including severance and related benefits. Severance and related benefits activity related to the manufacturing footprint optimization plan is presented in the table below for the nine months ended September 30, 2022: (Dollars in thousands) Manufacturing Footprint Optimization Restructuring Severance Balance as of December 31, 2021 $ 1,395 Provisions 363 Payments (1,479) Foreign currency translation adjustment (111) Balance as of September 30, 2022 $ 168 Other Operating (Income) Expense, Net The components of “Other operating (income) expense, net” line item in the condensed consolidated statements of operations, were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 UTIS fire Fixed assets write-offs $ — $ — $ — $ 891 Inventory charges (1) 43 199 363 Professional services 369 577 1,295 2,171 Lease obligations 91 60 369 600 Lease impairments — 495 — 495 Compensation & benefits 562 614 1,931 1,458 Third-party property claims — 4,650 — 4,650 Other 2 — 15 76 Insurance recoveries (1,604) (5,017) (6,646) (6,495) Total UTIS fire (581) 1,422 (2,837) 4,209 (Gain) loss on sale or disposal of property, plant and equipment 3 9 (15) (673) Total other operating (income) expense, net $ (578) $ 1,431 $ (2,852) $ 3,536 In early February 2021, there was a fire at our UTIS manufacturing facility in Ansan, South Korea, which manufactures eSorba® polyurethane foams used in portable electronics and display applications. The site was safely evacuated and there were no reported injuries; however, there was extensive damage to the manufacturing site and some damage to nearby property. Operations in South Korea will be disrupted into the first half of 2023. In connection with the UTIS fire, we recognized insurance recoveries of $1.6 million and $6.6 million related to our ongoing insurance claim for property damage and compensation and benefits of hourly employees for the three and nine months ended September 30, 2022, respectively. We incurred $0.4 million and $1.3 million for various professional services for the three and nine months ended September 30, 2022, respectively, in connection with the assessment of the fire and the efforts to rebuild and resume operations. Further, we incurred $0.6 million and $1.9 million for compensation and benefits for UTIS manufacturing employees subsequent to the fire for the three and nine months ended September 30, 2022, respectively. We recognized fixed asset write-offs and inventory charges of $0.9 million and $0.4 million, respectively, related to property destroyed in the fire for the nine months ended September 30, 2021. Additionally, we recognized a $4.7 million contingent liability pertaining to damage to nearby property and a $0.5 million contingent liability pertaining to our obligations for the fire damage to the building in connection with the underlying lease agreement. We incurred $0.6 million and $2.2 million of fees for various professional services for the three and nine months ended September 30, 2021, respectively, in connection with the assessment of the fire and the efforts to rebuild and resume operations. Further, we incurred $0.6 million and $1.5 million of compensation and benefits for UTIS manufacturing employees, subsequent to the fire, for the three and nine months ended September 30, 2021, respectively. In connection with the UTIS fire, we recognized insurance recoveries of $5.0 million and $6.5 million related to our ongoing insurance claim for property damage and compensation and benefits of hourly employees, less the applicable $0.3 million deductible, for the three and nine months ended September 30, 2021, respectively. Interest Expense, Net The components of “Interest expense, net” line item in the condensed consolidated statements of operations, were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Interest on revolving credit facility $ 2,831 $ — $ 5,014 $ 106 Line of credit fees 118 292 409 856 Debt issuance amortization costs 178 178 536 536 Interest income (175) (64) (462) (409) Other (10) 35 62 363 Total interest expense, net $ 2,942 $ 441 $ 5,559 $ 1,452

Mergers and Acquisitions

Mergers and Acquisitions	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Mergers and Acquisitions	Mergers and Acquisitions Acquisition of Silicone Engineering Ltd. On October 8, 2021, we acquired Silicone Engineering Ltd. (Silicone Engineering), a leading European manufacturer of silicone material solutions based in Blackburn, England, for a combined purchase price of $172.3 million for the company, net of cash acquired, and its facility. As part of the agreement, there was a $4.1 million holdback, upon which we could issue claims against until six months after the close of the acquisition, at which point in time the holdback amount, less any holdback claims, be paid to the previous owners of Silicone Engineering. In April 2022, we paid $1.3 million of the holdback in exchange for a 6-month extension of the holdback period. In October 2022, we paid back the remaining of the holdback, less an immaterial amount for claims. Substantially all of our $190.0 million in borrowings under our existing credit facility in October 2021 were used to fund the transaction, with the remaining amounts being used for general corporate purposes. Silicone Engineering expands our existing advanced silicones platform in our EMS operating segment and provides us a European Center of Excellence to service customers requiring premium silicone solutions for applications in the EV/HEV, industrial, medical and other markets. Pro-Forma Financial Information The following unaudited pro forma financial information presents the combined results of operations of Rogers and Silicone Engineering as if the Silicone Engineering acquisition had occurred on January 1, 2020. The unaudited pro forma financial information is not intended to represent or be indicative of our consolidated results of operations that would have been reported had the Silicone Engineering acquisition been completed as of January 1, 2020 and should not be taken as indicative of our future consolidated results of operations. Three Months Ended Nine Months Ended (Dollars in thousands) September 30, 2021 September 30, 2021 Net sales $ 248,679 $ 733,404 Net income $ 26,419 $ 88,271 Terminated Merger Agreement with DuPont On November 1, 2021, we entered into a definitive merger agreement to be acquired by DuPont de Nemours, Inc. (DuPont) in an all-cash transaction at a price of $277.00 per share of the Company’s capital stock. The merger agreement provided for the acquisition of Rogers Corporation by DuPont through the merger of Cardinalis Merger Sub, Inc., a wholly owned subsidiary of DuPont, with and into Rogers Corporation, with Rogers Corporation surviving the merger as a wholly owned subsidiary of DuPont. Company shareholders approved the merger agreement at a special shareholder meeting held on January 25, 2022. The merger agreement provided both Rogers Corporation and DuPont with a right to terminate the merger agreement if the merger had not closed on or before November 1, 2022. Consummation of the merger was subject to various customary closing conditions, including regulatory approval by the State Administration for Market Regulation of China (SAMR). As of November 1, 2022, the parties had not received regulatory approval from SAMR. On November 1, 2022, the Company received from DuPont a notice of termination of the merger agreement. Pursuant to the terms of the merger agreement, the Company received a regulatory termination fee from DuPont in the amount of $162.5 million, before taxes and transaction-related fees.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Available-for-Sale Residual Pension Surplus Investment Balance	Available-for-sale investments measured at fair value on a recurring basis, categorized by the level of inputs used in the valuation, were as follows: Available-for-Sale Investment at Fair Value as of September 30, 2022 (Dollars in thousands) Level 1 Level 2 Level 3 Total Pension surplus investment (1) $ — $ — $ — $ — Available-for-Sale Investment at Fair Value as of December 31, 2021 (Dollars in thousands) Level 1 Level 2 Level 3 Total Pension surplus investment (1) $ 6,638 $ — $ — $ 6,638 (1) This balance was invested in funds comprised of short-term cash and fixed income securities, and was recorded in the “Other long-term assets” line item in the condensed consolidated statements of financial position as of December 31, 2021. The fair value of this investment approximated its carrying value as of December 31, 2021.
Schedule of Derivative Instruments Measured at Fair Value on a Recurring Basis, Categorized by the Level of Inputs Used in the Valuation	Derivative instruments measured at fair value on a recurring basis, categorized by the level of inputs used in the valuation, were as follows: Derivative Instruments at Fair Value as of September 30, 2022 (Dollars in thousands) Level 1 Level 2 Level 3 Total (1) Foreign currency contracts $ — $ 25 $ — $ 25 Copper derivative contracts $ — $ 189 $ — $ 189 Derivative Instruments at Fair Value as of December 31, 2021 (Dollars in thousands) Level 1 Level 2 Level 3 Total (1) Foreign currency contracts $ — $ (16) $ — $ (16) Copper derivative contracts $ — $ 1,344 $ — $ 1,344 (1) All balances were recorded in the “Other current assets” or “Other accrued liabilities” line items in the condensed consolidated statements of financial position.

Hedging Transactions and Deri_2

Hedging Transactions and Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	As of September 30, 2022, the notional values of the remaining foreign currency forward contracts were as follows: Notional Values of Foreign Currency Derivatives USD/CNH $ 14,173,529 EUR/USD € 4,984,006 KRW/USD ₩ 8,081,640,000 As of September 30, 2022, the volume of our copper contracts outstanding was as follows: Volume of Copper Derivatives October 2022 - December 2022 69 metric tons per month January 2023 - March 2023 69 metric tons per month April 2023 - June 2023 69 metric tons per month July 2023 - September 2023 69 metric tons per month
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The impacts from our derivative instruments on the statement of operations and statements of comprehensive income (loss) were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) Financial Statement Line Item September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Foreign Currency Contracts Contracts not designated as hedging instruments Other income (expense), net $ (101) $ (909) $ (1,019) $ (2,131) Copper Derivative Contracts Contracts not designated as hedging instruments Other income (expense), net $ (171) $ (775) $ (969) $ 3,085

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule of Accumulated Balances Related to Each Component of Accumulated Other Comprehensive Income (Loss)	The changes in accumulated other comprehensive loss by component were as follows: (Dollars and accompanying footnotes in thousands) Foreign Currency Translation Adjustments Pension and Other Postretirement Benefits (1) Total Balance as of December 31, 2021 $ (35,641) $ (9,602) $ (45,243) Other comprehensive income (loss) before reclassifications (80,383) (15) (80,398) Amounts reclassified from accumulated other comprehensive loss — 260 260 Net current-period other comprehensive income (loss) (80,383) 245 (80,138) Balance as of September 30, 2022 $ (116,024) $ (9,357) $ (125,381) Balance as of December 31, 2020 $ (10,571) $ (9,004) $ (19,575) Other comprehensive income (loss) before reclassifications (18,627) — (18,627) Amounts reclassified from accumulated other comprehensive loss — 173 173 Net current-period other comprehensive income (loss) (18,627) 173 (18,454) Balance as of September 30, 2021 $ (29,198) $ (8,831) $ (38,029) (1) Net of taxes of $2,056 and $2,125 as of September 30, 2022 and December 31, 2021, respectively. Net of taxes of $1,902 and $1,951 as of September 30, 2021 and December 31, 2020, respectively.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories, which are valued at the lower of cost or net realizable value, consisted of the following: (Dollars in thousands) September 30, 2022 December 31, 2021 Raw materials $ 81,797 $ 60,208 Work-in-process 44,235 29,078 Finished goods 47,578 44,098 Total inventories $ 173,610 $ 133,384

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the net carrying amount of goodwill by operating segment were as follows: (Dollars in thousands) Advanced Electronics Solutions Elastomeric Material Solutions Other Total December 31, 2021 $ 119,567 $ 248,398 $ 2,224 $ 370,189 Purchase accounting adjustment — (925) — (925) Foreign currency translation adjustment (9,552) (21,400) — $ (30,952) September 30, 2022 $ 110,015 $ 226,073 $ 2,224 $ 338,312
Schedule of Intangible Assets	The gross and net carrying amounts, as well as the accumulated amortization of other intangible assets were as follows: September 30, 2022 December 31, 2021 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 186,799 $ 82,103 $ 104,696 $ 198,095 $ 77,870 $ 120,225 Technology 82,844 55,471 27,373 88,445 54,900 33,545 Trademarks and trade names 22,979 9,676 13,303 25,504 8,968 16,536 Covenants not to compete 2,452 1,535 917 2,693 1,137 1,556 Total definite-lived other intangible assets 295,074 148,785 146,289 314,737 142,875 171,862 Indefinite-lived other intangible asset 3,859 — 3,859 4,491 — 4,491 Total other intangible assets $ 298,933 $ 148,785 $ 150,148 $ 319,228 $ 142,875 $ 176,353
Schedule of Weighted Average Amortization Period, by Intangible Asset Class	The weighted average amortization period as of September 30, 2022, by definite-lived other intangible asset class, was as follows: Definite-Lived Other Intangible Asset Class Weighted Average Remaining Amortization Period Customer relationships 7.8 years Technology 3.5 years Trademarks and trade names 2.1 years Covenants not to compete 1.0 years Total definite-lived other intangible assets 6.4 years

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share: (Dollars and shares in thousands, except per share amounts) Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Numerator: Net income $ 14,838 $ 25,129 $ 49,321 $ 85,002 Denominator: Weighted-average shares outstanding - basic 18,818 18,740 18,804 18,727 Effect of dilutive shares 181 134 193 104 Weighted-average shares outstanding - diluted 18,999 18,874 18,997 18,831 Basic earnings per share $ 0.79 $ 1.34 $ 2.62 $ 4.54 Diluted earnings per share $ 0.78 $ 1.33 $ 2.60 $ 4.51

Capital Stock and Equity Comp_2

Capital Stock and Equity Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Weighted-Average Assumptions Used	The following table sets forth the assumptions used in the Monte Carlo calculation for each material award granted in 2021: February 10, 2021 Expected volatility 51.0% Expected term (in years) 2.9 Risk-free interest rate 0.18%
Schedule of Restricted Stock and Restricted Stock Activity	A summary of activity of the outstanding performance-based restricted stock units for the nine months ended September 30, 2022 is presented below: Performance-Based Awards outstanding as of December 31, 2021 114,554 Awards granted 26,819 Stock issued (60,053) Awards cancelled (1,860) Awards outstanding as of September 30, 2022 79,460 A summary of activity of the outstanding time-based restricted stock units for the nine months ended September 30, 2022 is presented below: Time-Based Awards outstanding as of December 31, 2021 96,989 Awards granted 63,150 Stock issued (47,600) Awards cancelled (3,766) Awards outstanding as of September 30, 2022 108,773 A summary of activity of the outstanding deferred stock units for the nine months ended September 30, 2022 is presented below: Deferred Stock Units Awards outstanding as of December 31, 2021 9,500 Awards granted 4,800 Stock issued (7,450) Awards outstanding as of September 30, 2022 6,850

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of Lease Expense, Payments for Operating Leases, and Information Related to Lease Term and Discount Rates	Our expenses and payments for operating leases were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Operating leases expense $ 652 $ 594 $ 1,896 $ 2,054 Short-term leases expense $ 168 $ 97 $ 420 $ 227 Payments on operating lease obligations $ 663 $ 610 $ 2,231 $ 1,945 The following table includes information regarding the lease term and discount rates utilized in the calculation of the present value of net future minimum lease payments: Finance Operating Weighted Average Remaining Lease Term 4.6 years 6.1 years Weighted Average Discount Rate 3.76% 4.40%
Schedule of Assets and Liabilities Balance Related To Finance and Operating Leases	Our assets and liabilities balances related to finance and operating leases reflected in the condensed consolidated statements of financial position were as follows: (Dollars in thousands) Location in Statements of September 30, 2022 December 31, 2021 Finance lease right-of-use assets Property, plant and equipment, net $ 1,629 $ 389 Operating lease right-of-use assets Other long-term assets $ 5,688 $ 17,161 Finance lease obligations, current portion Other accrued liabilities $ 389 $ 198 Finance lease obligations, non-current portion Other long-term liabilities $ 1,227 $ 209 Total finance lease obligations $ 1,616 $ 407 Operating lease obligations, current portion Other accrued liabilities $ 2,016 $ 2,810 Operating lease obligations, non-current portion Other long-term liabilities $ 4,112 $ 14,965 Total operating lease obligations $ 6,128 $ 17,775
Schedule of Finance Lease Liability Maturity	The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of September 30, 2022: Finance Operating (Dollars in thousands) Leases Signed Less: Leases Not Yet Commenced Leases in Effect Leases Signed Less: Leases Not Yet Commenced Leases in Effect 2022 92 (4) 88 678 (19) 659 2023 564 (51) 513 2,446 (441) 2,005 2024 381 (56) 325 1,364 (479) 885 2025 381 (56) 325 1,021 (498) 523 2026 379 (56) 323 947 (429) 518 Thereafter 343 (126) 217 5,535 (2,973) 2,562 Total lease payments 2,140 (349) 1,791 11,991 (4,839) 7,152 Less: Interest (204) 29 (175) (2,333) 1,309 (1,024) Present Value of Net Future Minimum Lease Payments 1,936 (320) 1,616 9,658 (3,530) 6,128
Schedule of Operating Lease Liability Maturity	The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of September 30, 2022: Finance Operating (Dollars in thousands) Leases Signed Less: Leases Not Yet Commenced Leases in Effect Leases Signed Less: Leases Not Yet Commenced Leases in Effect 2022 92 (4) 88 678 (19) 659 2023 564 (51) 513 2,446 (441) 2,005 2024 381 (56) 325 1,364 (479) 885 2025 381 (56) 325 1,021 (498) 523 2026 379 (56) 323 947 (429) 518 Thereafter 343 (126) 217 5,535 (2,973) 2,562 Total lease payments 2,140 (349) 1,791 11,991 (4,839) 7,152 Less: Interest (204) 29 (175) (2,333) 1,309 (1,024) Present Value of Net Future Minimum Lease Payments 1,936 (320) 1,616 9,658 (3,530) 6,128

Pension Benefits and Other Po_2

Pension Benefits and Other Postretirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Schedule of Components of Net Periodic Benefit Cost	The components of net periodic benefit (credit) cost were as follows: Pension Benefits Other Postretirement Benefits Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (Dollars in thousands) 2022 2021 2022 2021 2022 2021 2022 2021 Service cost $ — $ — $ — $ — $ 10 $ 16 $ 30 $ 46 Interest cost 191 182 573 550 8 7 24 19 Expected return of plan assets (340) (389) (1,020) (1,169) — — — — Amortization of prior service credit — — — — — (25) — (73) Amortization of net loss 111 95 333 291 — — — — Net periodic benefit (credit) cost $ (38) $ (112) $ (114) $ (328) $ 18 $ (2) $ 54 $ (8)

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Liability For Unpaid Claims And Claims Adjustment Expense	The following table summarizes the change in number of asbestos claims outstanding for the nine months ended September 30, 2022: Asbestos Claims Claims outstanding as of January 1 543 New claims filed 101 Pending claims concluded (1) (107) Claims outstanding as of September 30, 2022 537 (1) For the nine months ended September 30, 2022, 94 claims were dismissed and 13 claims were settled. Settlements totaled approximately $1.7 million for the nine months ended September 30, 2022.
Schedule of Asbestos-Related Claims and Insurance Receivables	Our projected asbestos-related liabilities and insurance receivables were as follows: (Dollars in thousands) September 30, 2022 December 31, 2021 Asbestos-related liabilities $ 64,215 $ 68,332 Asbestos-related insurance receivables $ 58,877 $ 62,567

Operating Segment Information (

Operating Segment Information (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Schedule of Reportable Segment Information	The following table presents a disaggregation of revenue from contracts with customers and other pertinent financial information, for the periods indicated; inter-segment sales have been eliminated from the net sales data: (Dollars in thousands) Advanced Electronics Solutions Elastomeric Material Solutions Other Total Three Months Ended September 30, 2022 Net sales - recognized over time $ 72,969 $ 3,346 $ 4,110 $ 80,425 Net sales - recognized at a point in time 57,639 107,637 1,530 166,806 Total net sales $ 130,608 $ 110,983 $ 5,640 $ 247,231 Operating income $ 2,263 $ 14,322 $ 1,891 $ 18,476 Three Months Ended September 30, 2021 Net sales - recognized over time $ 64,277 $ 4,612 $ 4,829 $ 73,718 Net sales - recognized at a point in time 70,714 93,339 492 164,545 Total net sales $ 134,991 $ 97,951 $ 5,321 $ 238,263 Operating income $ 13,945 $ 18,104 $ 1,750 $ 33,799 Nine Months Ended September 30, 2022 Net sales - recognized over time $ 214,091 $ 9,090 $ 12,763 $ 235,944 Net sales - recognized at a point in time 190,835 317,223 3,465 511,523 Total net sales $ 404,926 $ 326,313 $ 16,228 $ 747,467 Operating income $ 12,342 $ 43,920 $ 5,501 $ 61,763 Nine Months Ended September 30, 2021 Net sales - recognized over time $ 176,339 $ 11,057 $ 14,802 $ 202,198 Net sales - recognized at a point in time 230,970 268,074 1,192 500,236 Total net sales $ 407,309 $ 279,131 $ 15,994 $ 702,434 Operating income $ 47,082 $ 53,818 $ 5,837 $ 106,737 Net sales by operating segment and by geographic area were as follows: (Dollars in thousands) Net Sales (1) Region/Country Advanced Electronics Solutions Elastomeric Material Solutions Other Total Three Months Ended September 30, 2022 United States $ 33,969 $ 46,772 $ 1,087 $ 81,828 Other Americas 843 2,534 247 3,624 Total Americas 34,812 49,306 1,334 85,452 China 36,126 37,349 2,290 75,765 Other APAC 16,544 5,173 508 22,225 Total APAC 52,670 42,522 2,798 97,990 Germany 19,727 7,310 393 27,430 Other EMEA 23,399 11,845 1,115 36,359 Total EMEA 43,126 19,155 1,508 63,789 Total net sales $ 130,608 $ 110,983 $ 5,640 $ 247,231 Three Months Ended September 30, 2021 United States $ 22,119 $ 42,338 $ 1,510 $ 65,967 Other Americas 950 2,415 195 3,560 Total Americas 23,069 44,753 1,705 69,527 China 47,153 34,789 1,059 83,001 Other APAC 17,608 6,177 645 24,430 Total APAC 64,761 40,966 1,704 107,431 Germany 24,620 5,892 175 30,687 Other EMEA 22,541 6,340 1,737 30,618 Total EMEA 47,161 12,232 1,912 61,305 Total net sales $ 134,991 $ 97,951 $ 5,321 $ 238,263 (1) Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated. (Dollars in thousands) Net Sales (1) Region/Country Advanced Electronics Solutions Elastomeric Material Solutions Other Total Nine Months Ended September 30, 2022 United States $ 94,907 $ 136,340 $ 3,075 $ 234,322 Other Americas 2,814 7,550 614 10,978 Total Americas 97,721 143,890 3,689 245,300 China 113,448 99,734 6,048 219,230 Other APAC 60,023 18,418 1,778 80,219 Total APAC 173,471 118,152 7,826 299,449 Germany 57,653 23,784 874 82,311 Other EMEA 76,081 40,487 3,839 120,407 Total EMEA 133,734 64,271 4,713 202,718 Total net sales $ 404,926 $ 326,313 $ 16,228 $ 747,467 Nine Months Ended September 30, 2021 United States $ 67,740 $ 120,736 $ 3,535 $ 192,011 Other Americas 2,334 7,724 582 10,640 Total Americas 70,074 128,460 4,117 202,651 China 155,417 90,047 3,478 248,942 Other APAC 66,412 20,875 2,013 89,300 Total APAC 221,829 110,922 5,491 338,242 Germany 51,434 22,057 526 74,017 Other EMEA 63,972 17,692 5,860 87,524 Total EMEA 115,406 39,749 6,386 161,541 Total net sales $ 407,309 $ 279,131 $ 15,994 $ 702,434 (1) Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated. Contract assets by operating segment were as follows: (Dollars in thousands) September 30, 2022 December 31, 2021 Advanced Electronics Solutions $ 36,015 $ 31,398 Elastomeric Material Solutions 2,467 2,082 Other 3,327 3,130 Total contract assets $ 41,809 $ 36,610

Supplemental Financial Inform_2

Supplemental Financial Information (Tables)	9 Months Ended
	Sep. 30, 2022
Supplemental Income Statement Elements [Abstract]
Schedule of Restructuring and Impairment Charges	The components of “Restructuring and impairment charges” line item in the condensed consolidated statements of operations, which contains restructuring charges and related expenses, as well as impairment charges, were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Restructuring charges Manufacturing footprint optimization $ 373 $ 622 $ 907 $ 2,875 Total restructuring charges 373 622 907 2,875 Impairment charges Fixed asset impairment charges — 385 212 385 Total impairment charges — 385 212 385 Total restructuring and impairment charges $ 373 $ 1,007 $ 1,119 $ 3,260
Schedule of Severance Activity	Severance and related benefits activity related to the manufacturing footprint optimization plan is presented in the table below for the nine months ended September 30, 2022: (Dollars in thousands) Manufacturing Footprint Optimization Restructuring Severance Balance as of December 31, 2021 $ 1,395 Provisions 363 Payments (1,479) Foreign currency translation adjustment (111) Balance as of September 30, 2022 $ 168
Schedule of Other Operating (Income) Expense	The components of “Other operating (income) expense, net” line item in the condensed consolidated statements of operations, were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 UTIS fire Fixed assets write-offs $ — $ — $ — $ 891 Inventory charges (1) 43 199 363 Professional services 369 577 1,295 2,171 Lease obligations 91 60 369 600 Lease impairments — 495 — 495 Compensation & benefits 562 614 1,931 1,458 Third-party property claims — 4,650 — 4,650 Other 2 — 15 76 Insurance recoveries (1,604) (5,017) (6,646) (6,495) Total UTIS fire (581) 1,422 (2,837) 4,209 (Gain) loss on sale or disposal of property, plant and equipment 3 9 (15) (673) Total other operating (income) expense, net $ (578) $ 1,431 $ (2,852) $ 3,536
Schedule of Components of Interest Expense, Net	The components of “Interest expense, net” line item in the condensed consolidated statements of operations, were as follows: Three Months Ended Nine Months Ended (Dollars in thousands) September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Interest on revolving credit facility $ 2,831 $ — $ 5,014 $ 106 Line of credit fees 118 292 409 856 Debt issuance amortization costs 178 178 536 536 Interest income (175) (64) (462) (409) Other (10) 35 62 363 Total interest expense, net $ 2,942 $ 441 $ 5,559 $ 1,452

Mergers and Acquisitions (Table

Mergers and Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Pro Forma Information	The following unaudited pro forma financial information presents the combined results of operations of Rogers and Silicone Engineering as if the Silicone Engineering acquisition had occurred on January 1, 2020. The unaudited pro forma financial information is not intended to represent or be indicative of our consolidated results of operations that would have been reported had the Silicone Engineering acquisition been completed as of January 1, 2020 and should not be taken as indicative of our future consolidated results of operations. Three Months Ended Nine Months Ended (Dollars in thousands) September 30, 2021 September 30, 2021 Net sales $ 248,679 $ 733,404 Net income $ 26,419 $ 88,271

Fair Value Measurements (Availa

Fair Value Measurements (Available-for-sale Pension Surplus) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Pension surplus investment	$ 0	$ 6,638
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Pension surplus investment	0	6,638
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Pension surplus investment	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Pension surplus investment	$ 0	$ 0

Fair Value Measurements (Variou

Fair Value Measurements (Various Instruments That Require Fair Value Measurement) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	$ 25	$ (16)
Foreign currency contracts | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	0	0
Foreign currency contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	25	(16)
Foreign currency contracts | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	0	0
Copper derivative contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	189	1,344
Copper derivative contracts | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	0	0
Copper derivative contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	189	1,344
Copper derivative contracts | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	$ 0	$ 0

Hedging Transactions and Deri_3

Hedging Transactions and Derivative Financial Instruments (Notional Values of Derivative Instruments) (Details) - Contracts not designated as hedging instruments	Sep. 30, 2022 USD ($) tons_per_month	Sep. 30, 2022 EUR (€) tons_per_month	Sep. 30, 2022 KRW (₩) tons_per_month
October 2022 - December 2022
Derivative [Line Items]
Volume of Copper Derivatives (in metric tons per month)	69	69	69
January 2023 - March 2023
Derivative [Line Items]
Volume of Copper Derivatives (in metric tons per month)	69	69	69
April 2023 - June 2023
Derivative [Line Items]
Volume of Copper Derivatives (in metric tons per month)	69	69	69
July 2023 - September 2023
Derivative [Line Items]
Volume of Copper Derivatives (in metric tons per month)	69	69	69
USD/CNH | Foreign Currency Derivatives
Derivative [Line Items]
Notional Values of Foreign Currency Derivatives | $	$ 14,173,529
EUR/USD | Foreign Currency Derivatives
Derivative [Line Items]
Notional Values of Foreign Currency Derivatives | €		€ 4,984,006
KRW/USD | Foreign Currency Derivatives
Derivative [Line Items]
Notional Values of Foreign Currency Derivatives | ₩			₩ 8,081,640,000

Hedging Transactions and Deri_4

Hedging Transactions and Derivative Financial Instruments (Additional Information) (Details)	Sep. 30, 2022 contract
Bank Term Loan
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of derivative contracts related to minimizing risk associated with potential rise in copper prices (in contracts)	12

Hedging Transactions and Deri_5

Hedging Transactions and Derivative Financial Instruments (Effect and Fair Value of Derivative Instruments) (Details) - Contracts not designated as hedging instruments - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Foreign Currency Contracts
Derivative [Line Items]
Derivative, gain (loss) on derivative, net	$ (101)	$ (909)	$ (1,019)	$ (2,131)
Copper Derivative Contracts
Derivative [Line Items]
Derivative, gain (loss) on derivative, net	$ (171)	$ (775)	$ (969)	$ 3,085

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Components of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			$ 1,118,895
Other comprehensive income (loss) before reclassifications			(80,398)	$ (18,627)
Amounts reclassified from accumulated other comprehensive loss			260	173
Other comprehensive income (loss)	$ (34,948)	$ (8,074)	(80,138)	(18,454)
Balance, end of period	1,089,853	1,099,261	1,089,853	1,099,261
AOCI, Pension and other postretirement benefit plans, tax	2,056	1,902	2,056	1,902	$ 2,125	$ 1,951
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	(90,433)	(29,955)	(45,243)	(19,575)
Other comprehensive income (loss)	(34,948)	(8,074)	(80,138)	(18,454)
Balance, end of period	(125,381)	(38,029)	(125,381)	(38,029)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			(35,641)	(10,571)
Other comprehensive income (loss) before reclassifications			(80,383)	(18,627)
Amounts reclassified from accumulated other comprehensive loss			0	0
Other comprehensive income (loss)			(80,383)	(18,627)
Balance, end of period	(116,024)	(29,198)	(116,024)	(29,198)
Pension and Other Postretirement Benefits
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			(9,602)	(9,004)
Other comprehensive income (loss) before reclassifications			(15)	0
Amounts reclassified from accumulated other comprehensive loss			260	173
Other comprehensive income (loss)			245	173
Balance, end of period	$ (9,357)	$ (8,831)	$ (9,357)	$ (8,831)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 81,797	$ 60,208
Work-in-process	44,235	29,078
Finished goods	47,578	44,098
Total inventories	$ 173,610	$ 133,384

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Changes in Carrying Amount of Goodwill by Segment) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 370,189
Purchase accounting adjustment	(925)
Foreign currency translation adjustment	(30,952)
Goodwill, ending balance	338,312
Advanced Electronics Solutions
Goodwill [Roll Forward]
Goodwill, beginning balance	119,567
Purchase accounting adjustment	0
Foreign currency translation adjustment	(9,552)
Goodwill, ending balance	110,015
Elastomeric Material Solutions
Goodwill [Roll Forward]
Goodwill, beginning balance	248,398
Purchase accounting adjustment	(925)
Foreign currency translation adjustment	(21,400)
Goodwill, ending balance	226,073
Other
Goodwill [Roll Forward]
Goodwill, beginning balance	2,224
Purchase accounting adjustment	0
Foreign currency translation adjustment	0
Goodwill, ending balance	$ 2,224

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 295,074	$ 314,737
Indefinite-lived other intangible asset	3,859	4,491
Total other intangible assets, gross carrying amount	298,933	319,228
Accumulated Amortization	148,785	142,875
Net Carrying Amount	146,289	171,862
Total other intangible assets, net carrying amount	150,148	176,353
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	186,799	198,095
Accumulated Amortization	82,103	77,870
Net Carrying Amount	104,696	120,225
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	82,844	88,445
Accumulated Amortization	55,471	54,900
Net Carrying Amount	27,373	33,545
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	22,979	25,504
Accumulated Amortization	9,676	8,968
Net Carrying Amount	13,303	16,536
Covenants not to compete
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,452	2,693
Accumulated Amortization	1,535	1,137
Net Carrying Amount	$ 917	$ 1,556

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 4.1	$ 3.1	$ 12.6	$ 9.4
Annual Future Amortization Expense
Anticipated future amortization expense for the remainder of 2022	3.9		3.9
Anticipated future amortization expense for 2023	14.9		14.9
Anticipated future amortization expense for 2024	13.6		13.6
Anticipated future amortization expense for 2025	11.9		11.9
Anticipated future amortization expense for 2026	$ 11.3		$ 11.3

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Weighted Average Amortization Period by Intangible Asset Class) (Details)	9 Months Ended
	Sep. 30, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Total definite-lived other intangible assets	6 years 4 months 24 days
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Total definite-lived other intangible assets	7 years 9 months 18 days
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Total definite-lived other intangible assets	3 years 6 months
Trademarks and trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Total definite-lived other intangible assets	2 years 1 month 6 days
Covenants not to compete
Acquired Finite-Lived Intangible Assets [Line Items]
Total definite-lived other intangible assets	1 year

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net income	$ 14,838	$ 25,129	$ 49,321	$ 85,002
Denominator:
Weighted-average shares outstanding - basic (in shares)	18,818,000	18,740,000	18,804,000	18,727,000
Effect of dilutive shares (in shares)	181,000	134,000	193,000	104,000
Weighted-average shares outstanding - diluted (in shares)	18,999,000	18,874,000	18,997,000	18,831,000
Basic earnings per share (in dollars per share)	$ 0.79	$ 1.34	$ 2.62	$ 4.54
Diluted earnings per share (in dollars per share)	$ 0.78	$ 1.33	$ 2.60	$ 4.51
Anti-dilutive shares excluded (in shares)	0	1,994

Capital Stock and Equity Comp_3

Capital Stock and Equity Compensation (Additional Information) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Nov. 09, 2021	Sep. 30, 2021
Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense that will be expensed from date of grant through retirement eligibility date				$ 4,000,000
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award program, measurement period (years)			3 years
Expected dividend yield (as a percent)			0%
Compensation expense	$ 1,100,000	$ 2,600,000	$ 3,300,000		$ 5,800,000
Performance-Based Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award program, awarded shares as a percentage of the original award amount (as a percent)			0%
Performance-Based Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award program, awarded shares as a percentage of the original award amount (as a percent)			200%
Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	2,400,000	2,000,000	$ 7,000,000		5,800,000
Conversion ratio			1
Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 0	$ 0	$ 1,300,000		$ 1,200,000
Conversion ratio			1
Vesting period			13 months

Capital Stock and Equity Comp_4

Capital Stock and Equity Compensation (Monte Carlo Calculation Assumptions) (Details) - Performance-Based Restricted Stock Units	Feb. 10, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility (as a percent)	51%
Expected term (in years)	2 years 10 months 24 days
Risk-free interest rate (as a percent)	0.18%

Capital Stock and Equity Comp_5

Capital Stock and Equity Compensation (Performance-Based Restricted Stock Awards) (Details) - Performance-Based Restricted Stock Units	9 Months Ended
	Sep. 30, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awards outstanding beginning balance (in shares)	114,554
Awards granted (in shares)	26,819
Stock issued (in shares)	(60,053)
Awards cancelled (in shares)	(1,860)
Awards outstanding ending balance (in shares)	79,460

Capital Stock and Equity Comp_6

Capital Stock and Equity Compensation (Time-Based Restricted Stock Awards) (Details) - Time-Based Restricted Stock Units	9 Months Ended
	Sep. 30, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awards outstanding beginning balance (in shares)	96,989
Awards granted (in shares)	63,150
Stock issued (in shares)	(47,600)
Awards cancelled (in shares)	(3,766)
Awards outstanding ending balance (in shares)	108,773

Capital Stock and Equity Comp_7

Capital Stock and Equity Compensation (Deferred Stock Units) (Details) - Deferred Stock Units	9 Months Ended
	Sep. 30, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awards outstanding beginning balance (in shares)	9,500
Awards granted (in shares)	4,800
Stock issued (in shares)	(7,450)
Awards outstanding ending balance (in shares)	6,850

Debt (Additional Information) (

Debt (Additional Information) (Details)		3 Months Ended		9 Months Ended
	Oct. 16, 2020 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Borrowings				$ 100,000,000	$ 0
Borrowings under revolving credit facility		$ 290,000,000		290,000,000		$ 190,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Borrowings under revolving credit facility		290,000,000		290,000,000		190,000,000
Outstanding line of credit issuance costs		$ 1,100,000		$ 1,100,000		$ 1,600,000
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 450,000,000
Additional borrowing capacity	$ 175,000,000
Variable rate lower range, basis spread	0.625%
Variable rate higher range, basis spread	1%
Leverage ratio	3.25
One-time leverage ratio maximum option	3.50
One-time leverage ratio maximum option, period of increased maximum leverage ratio	1 year
ICR covenant limit	3
Amount of unrestricted domestic cash and cash equivalents permitted to net against indebtedness in calculation of total net leverage ratio (up to)	$ 50,000,000
Debt instrument, leverage ratio, maximum	2.75	2.75		2.75
Borrowings		$ 30,000,000	$ 0	$ 100,000,000	0
Discretionary principal payments on revolving credit facility		$ 0	$ 0	$ 0	$ 25,000,000
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Minimum
Debt Instrument [Line Items]
Unused capacity, commitment fee (as a percent)	0.25%
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Maximum
Debt Instrument [Line Items]
Unused capacity, commitment fee (as a percent)	0.35%
Allowed restricted payments, including cash dividends	$ 20,000,000
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Eurocurrency loans
Debt Instrument [Line Items]
Line of credit, LIBOR rate, minimum basis spread (as a percent)	1.625%
Line of credit, LIBOR rate, maximum basis spread (as a percent)	2%
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | RFR Bank Loans
Debt Instrument [Line Items]
Line of credit, SONIA rate, minimum basis spread (percent)	0.01625
Line of credit, SONIA rate, maximum basis spread (percent)	0.02000
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.50%
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	1%			1.75%
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Sterling Overnight Index Average (SONIA)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.0326%

Leases (Additional Information)

Leases (Additional Information) (Details) - USD ($) $ in Millions		1 Months Ended
	Sep. 30, 2022	Apr. 30, 2022
Leases [Abstract]
Payment of purchase option to acquire property	$ 5
Lease settlement fee		$ 0.4
Decrease in operating lease, right-of-use asset		9.2
Decrease in operating lease liability		$ 9.2

Leases (Lease Expenses) (Detail

Leases (Lease Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating leases expense	$ 652	$ 594	$ 1,896	$ 2,054
Short-term leases expense	168	97	420	227
Payments on operating lease obligations	$ 663	$ 610	$ 2,231	$ 1,945

Leases (Assets and Liabilities

Leases (Assets and Liabilities Balance Related to Finance and Operating Leases) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Finance lease right-of-use assets	$ 1,629	$ 389
Operating lease right-of-use assets	5,688	17,161
Finance lease obligations, current portion	389	198
Finance lease obligations, non-current portion	1,227	209
Total finance lease obligations	1,616	407
Operating lease obligations, current portion	2,016	2,810
Operating lease obligations, non-current portion	4,112	14,965
Total operating lease obligations	$ 6,128	$ 17,775
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net of accumulated depreciation of $368,270 and $367,850	Property, plant and equipment, net of accumulated depreciation of $368,270 and $367,850
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other long-term assets	Other long-term assets
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other accrued liabilities	Other accrued liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other accrued liabilities	Other accrued liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities

Leases (Lease Payments) (Detail

Leases (Lease Payments) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finance Leases Signed
2022	$ 92
2023	564
2024	381
2025	381
2026	379
Thereafter	343
Total lease payments	2,140
Less: Interest	(204)
Present Value of Net Future Minimum Lease Payments	1,936
Finance Leases Less: Leases Not Yet Commenced
2022	(4)
2023	(51)
2024	(56)
2025	(56)
2026	(56)
Thereafter	(126)
Total lease payments	(349)
Less: Interest	29
Present Value of Net Future Minimum Lease Payments	(320)
Finance Leases in Effect
2022	88
2023	513
2024	325
2025	325
2026	323
Thereafter	217
Total lease payments	1,791
Less: Interest	(175)
Total finance lease obligations	1,616	$ 407
Operating Leases Signed
2022	678
2023	2,446
2024	1,364
2025	1,021
2026	947
Thereafter	5,535
Total lease payments	11,991
Less: Interest	(2,333)
Present Value of Net Future Minimum Lease Payments	9,658
Operating Leases Less: Leases Not Yet Commenced
2022	(19)
2023	(441)
2024	(479)
2025	(498)
2026	(429)
Thereafter	(2,973)
Total lease payments	(4,839)
Less: Interest	1,309
Present Value of Net Future Minimum Lease Payments	(3,530)
Operating Leases in Effect
2022	659
2023	2,005
2024	885
2025	523
2026	518
Thereafter	2,562
Total lease payments	7,152
Less: Interest	(1,024)
Total operating lease obligations	$ 6,128	$ 17,775

Leases (Lease Term and Discount

Leases (Lease Term and Discount Rate) (Details)	Sep. 30, 2022
Leases [Abstract]
Finance leases, weighted average remaining lease term (in years)	4 years 7 months 6 days
Finance leases, weighted average discount rate (as a percent)	3.76%
Operating leases, weighted average remaining lease term (in years)	6 years 1 month 6 days
Operating leases, weighted average discount rate (as a percent)	4.40%

Pension Benefits and Other Po_3

Pension Benefits and Other Postretirement Benefits (Additional Information) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) plan	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Jul. 30, 2020 USD ($)	Oct. 17, 2019 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of qualified noncontributory defined benefit plans | plan			1
Pension surplus investment balance	$ 5,461,000		$ 5,461,000		$ 5,123,000
Pension Benefits | Merged Plan
Defined Benefit Plan Disclosure [Line Items]
Pension surplus investment balance							$ 9,700,000
Contributions	0	$ 0	0	$ 0
Pension Benefits | Rogers Employee Savings and Investment Plan (RESIP) | Suspense Account Held Within a Trust
Defined Benefit Plan Disclosure [Line Items]
Plan assets					$ 9,200,000	$ 9,200,000
Pension Benefits | Union Plan
Defined Benefit Plan Disclosure [Line Items]
Additional contributions required to make for remainder of fiscal year	$ 0		$ 0

Pension Benefits and Other Po_4

Pension Benefits and Other Postretirement Benefits (Components of Net Periodic Benefit (Credit) Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	191	182	573	550
Expected return of plan assets	(340)	(389)	(1,020)	(1,169)
Amortization of prior service credit	0	0	0	0
Amortization of net loss	111	95	333	291
Net periodic benefit (credit) cost	(38)	(112)	(114)	(328)
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	10	16	30	46
Interest cost	8	7	24	19
Expected return of plan assets	0	0	0	0
Amortization of prior service credit	0	(25)	0	(73)
Amortization of net loss	0	0	0	0
Net periodic benefit (credit) cost	$ 18	$ (2)	$ 54	$ (8)

Commitments and Contingencies_2

Commitments and Contingencies (Additional Information) (Details) - Connecticut Voluntary Corrective Action Program $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Loss Contingencies [Line Items]
Environmental remediation expense incurred	$ 1.9
Accrual for future remediation efforts	$ 0.8

Commitments and Contingencies_3

Commitments and Contingencies (Summary of Change in Number of Asbestos Claims Outstanding) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) claim
Liability for Asbestos and Environmental Claims [Roll Forward]
Claims outstanding, beginning	543
New claims filed	101
Pending claims concluded	(107)
Claims outstanding, ending	537
Number of claims dismissed	94
Number of claims settled	13
Settlements | $	$ 1.7

Commitments and Contingencies_4

Commitments and Contingencies (Schedule of Total Estimated Liability for Asbestos) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Asbestos-related liabilities	$ 64,215	$ 68,332
Asbestos-related insurance receivables	$ 58,877	$ 62,567

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Effective tax rate (as a percent)	16%	26.40%	20.50%	25.70%
Unrecognized tax benefits	$ 6.5		$ 6.5
Unrecognized tax benefits that would affect the effective tax rate if recognized	5.9		5.9
Unrecognized tax benefits that would result in adjustments to other tax accounts	0.6		0.6
Unrecognized tax benefits, accrual for payment of interest	$ 0.7		$ 0.7

Operating Segment Information_2

Operating Segment Information (Income by Reportable Segments) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Net sales	$ 247,231	$ 238,263	$ 747,467	$ 702,434
Operating income	18,476	33,799	61,763	106,737
Total Americas
Segment Reporting Information [Line Items]
Net sales	85,452	69,527	245,300	202,651
United States
Segment Reporting Information [Line Items]
Net sales	81,828	65,967	234,322	192,011
Other Americas
Segment Reporting Information [Line Items]
Net sales	3,624	3,560	10,978	10,640
Total APAC
Segment Reporting Information [Line Items]
Net sales	97,990	107,431	299,449	338,242
China
Segment Reporting Information [Line Items]
Net sales	75,765	83,001	219,230	248,942
Other APAC
Segment Reporting Information [Line Items]
Net sales	22,225	24,430	80,219	89,300
Total EMEA
Segment Reporting Information [Line Items]
Net sales	63,789	61,305	202,718	161,541
Germany
Segment Reporting Information [Line Items]
Net sales	27,430	30,687	82,311	74,017
Other EMEA
Segment Reporting Information [Line Items]
Net sales	36,359	30,618	120,407	87,524
Advanced Electronics Solutions
Segment Reporting Information [Line Items]
Net sales	130,608	134,991	404,926	407,309
Operating income	2,263	13,945	12,342	47,082
Advanced Electronics Solutions | Total Americas
Segment Reporting Information [Line Items]
Net sales	34,812	23,069	97,721	70,074
Advanced Electronics Solutions | United States
Segment Reporting Information [Line Items]
Net sales	33,969	22,119	94,907	67,740
Advanced Electronics Solutions | Other Americas
Segment Reporting Information [Line Items]
Net sales	843	950	2,814	2,334
Advanced Electronics Solutions | Total APAC
Segment Reporting Information [Line Items]
Net sales	52,670	64,761	173,471	221,829
Advanced Electronics Solutions | China
Segment Reporting Information [Line Items]
Net sales	36,126	47,153	113,448	155,417
Advanced Electronics Solutions | Other APAC
Segment Reporting Information [Line Items]
Net sales	16,544	17,608	60,023	66,412
Advanced Electronics Solutions | Total EMEA
Segment Reporting Information [Line Items]
Net sales	43,126	47,161	133,734	115,406
Advanced Electronics Solutions | Germany
Segment Reporting Information [Line Items]
Net sales	19,727	24,620	57,653	51,434
Advanced Electronics Solutions | Other EMEA
Segment Reporting Information [Line Items]
Net sales	23,399	22,541	76,081	63,972
Elastomeric Material Solutions
Segment Reporting Information [Line Items]
Net sales	110,983	97,951	326,313	279,131
Operating income	14,322	18,104	43,920	53,818
Elastomeric Material Solutions | Total Americas
Segment Reporting Information [Line Items]
Net sales	49,306	44,753	143,890	128,460
Elastomeric Material Solutions | United States
Segment Reporting Information [Line Items]
Net sales	46,772	42,338	136,340	120,736
Elastomeric Material Solutions | Other Americas
Segment Reporting Information [Line Items]
Net sales	2,534	2,415	7,550	7,724
Elastomeric Material Solutions | Total APAC
Segment Reporting Information [Line Items]
Net sales	42,522	40,966	118,152	110,922
Elastomeric Material Solutions | China
Segment Reporting Information [Line Items]
Net sales	37,349	34,789	99,734	90,047
Elastomeric Material Solutions | Other APAC
Segment Reporting Information [Line Items]
Net sales	5,173	6,177	18,418	20,875
Elastomeric Material Solutions | Total EMEA
Segment Reporting Information [Line Items]
Net sales	19,155	12,232	64,271	39,749
Elastomeric Material Solutions | Germany
Segment Reporting Information [Line Items]
Net sales	7,310	5,892	23,784	22,057
Elastomeric Material Solutions | Other EMEA
Segment Reporting Information [Line Items]
Net sales	11,845	6,340	40,487	17,692
Other
Segment Reporting Information [Line Items]
Net sales	5,640	5,321	16,228	15,994
Operating income	1,891	1,750	5,501	5,837
Other | Total Americas
Segment Reporting Information [Line Items]
Net sales	1,334	1,705	3,689	4,117
Other | United States
Segment Reporting Information [Line Items]
Net sales	1,087	1,510	3,075	3,535
Other | Other Americas
Segment Reporting Information [Line Items]
Net sales	247	195	614	582
Other | Total APAC
Segment Reporting Information [Line Items]
Net sales	2,798	1,704	7,826	5,491
Other | China
Segment Reporting Information [Line Items]
Net sales	2,290	1,059	6,048	3,478
Other | Other APAC
Segment Reporting Information [Line Items]
Net sales	508	645	1,778	2,013
Other | Total EMEA
Segment Reporting Information [Line Items]
Net sales	1,508	1,912	4,713	6,386
Other | Germany
Segment Reporting Information [Line Items]
Net sales	393	175	874	526
Other | Other EMEA
Segment Reporting Information [Line Items]
Net sales	1,115	1,737	3,839	5,860
Recognized over time
Segment Reporting Information [Line Items]
Net sales	80,425	73,718	235,944	202,198
Recognized over time | Advanced Electronics Solutions
Segment Reporting Information [Line Items]
Net sales	72,969	64,277	214,091	176,339
Recognized over time | Elastomeric Material Solutions
Segment Reporting Information [Line Items]
Net sales	3,346	4,612	9,090	11,057
Recognized over time | Other
Segment Reporting Information [Line Items]
Net sales	4,110	4,829	12,763	14,802
Recognized at a point in time
Segment Reporting Information [Line Items]
Net sales	166,806	164,545	511,523	500,236
Recognized at a point in time | Advanced Electronics Solutions
Segment Reporting Information [Line Items]
Net sales	57,639	70,714	190,835	230,970
Recognized at a point in time | Elastomeric Material Solutions
Segment Reporting Information [Line Items]
Net sales	107,637	93,339	317,223	268,074
Recognized at a point in time | Other
Segment Reporting Information [Line Items]
Net sales	$ 1,530	$ 492	$ 3,465	$ 1,192

Operating Segment Information_3

Operating Segment Information (Contract Assets By Operating Segments) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total contract assets	$ 41,809	$ 36,610
Advanced Electronics Solutions
Segment Reporting Information [Line Items]
Total contract assets	36,015	31,398
Elastomeric Material Solutions
Segment Reporting Information [Line Items]
Total contract assets	2,467	2,082
Other
Segment Reporting Information [Line Items]
Total contract assets	$ 3,327	$ 3,130

Supplemental Financial Inform_3

Supplemental Financial Information (Restructuring and Impairment Charges) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 373	$ 622	$ 907	$ 2,875
Fixed asset impairment charges	0	385	212	385
Total impairment charges	0	385	212	385
Total restructuring and impairment charges	373	1,007	1,119	3,260
Manufacturing footprint optimization
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 373	$ 622	$ 907	$ 2,875

Supplemental Financial Inform_4

Supplemental Financial Information (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges	$ 373	$ 1,007	$ 1,119	$ 3,260
Insurance recoveries	1,604	5,017	6,646	6,495
Professional services	369	577	1,295	2,171
Compensation & benefits	562	614	1,931	1,458
Fixed assets write-offs	0	0	0	891
Inventory charges	(1)	43	199	363
Third-party property claims	0	4,650	0	4,650
UTIS Fire
Restructuring Cost and Reserve [Line Items]
Insurance recoveries		5,000		6,500
Professional services	400	600	1,300	2,200
Compensation & benefits	600	600	1,900	1,500
Fixed assets write-offs				900
Inventory charges				400
Third-party property claims				4,700
Third-party property claims related to building				500
Deductible		300		300
AES
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges	$ 400	$ 1,000	$ 1,100	$ 3,200

Supplemental Financial Inform_5

Supplemental Financial Information (Severance Activity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring Reserve [Roll Forward]
Provisions	$ 373	$ 622	$ 907	$ 2,875
Manufacturing Footprint Optimization Restructuring Severance
Restructuring Reserve [Roll Forward]
Beginning balance			1,395
Provisions			363
Payments			(1,479)
Foreign currency translation adjustment			(111)
Ending balance	$ 168		$ 168

Supplemental Financial Inform_6

Supplemental Financial Information (Other Operating (Income) Expense, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
UTIS fire
Fixed assets write-offs	$ 0	$ 0	$ 0	$ 891
Inventory charges	(1)	43	199	363
Professional services	369	577	1,295	2,171
Lease obligations	91	60	369	600
Lease impairments	0	495	0	495
Compensation & benefits	562	614	1,931	1,458
Third-party property claims	0	4,650	0	4,650
Other	2	0	15	76
Insurance recoveries	(1,604)	(5,017)	(6,646)	(6,495)
Total UTIS fire	(581)	1,422	(2,837)	4,209
(Gain) loss on sale or disposal of property, plant and equipment	3	9	(15)	(673)
Total other operating (income) expense, net	$ (578)	$ 1,431	$ (2,852)	$ 3,536

Supplemental Financial Inform_7

Supplemental Financial Information (Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Supplemental Income Statement Elements [Abstract]
Interest on revolving credit facility	$ 2,831	$ 0	$ 5,014	$ 106
Line of credit fees	118	292	409	856
Debt issuance amortization costs	178	178	536	536
Interest income	(175)	(64)	(462)	(409)
Other	(10)	35	62	363
Total interest expense, net	$ 2,942	$ 441	$ 5,559	$ 1,452

Mergers and Acquisitions (Addit

Mergers and Acquisitions (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Millions			1 Months Ended
	Nov. 01, 2022	Oct. 08, 2021	Apr. 30, 2022	Nov. 01, 2021
Business Acquisition [Line Items]
Extension to holdback period			6 months
DuPont de Nemours, Inc.
Business Acquisition [Line Items]
Proceeds from contract termination	$ 162.5
Silicone Engineering Ltd.
Business Acquisition [Line Items]
Combined purchase price		$ 172.3
Holdback amount		$ 4.1	$ 1.3
Holdback period		6 months
Rogers Corporation | DuPont de Nemours, Inc.
Business Acquisition [Line Items]
Business acquisition, share price (in dollars per share)				$ 277
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement
Business Acquisition [Line Items]
Borrowings under credit facility		$ 190

Mergers and Acquisitions (Busin

Mergers and Acquisitions (Business Acquisition, Pro Forma Information) (Details) - Silicone Engineering Ltd. - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021
Subsequent Event [Line Items]
Net sales	$ 248,679	$ 733,404
Net income	$ 26,419	$ 88,271