2023 Q3 Form 10-Q Financial Statement

#000008474823000066 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $229.1M $230.8M
YoY Change -7.31% -8.39%
Cost Of Revenue $148.8M $151.2M
YoY Change -12.05% -8.61%
Gross Profit $80.36M $79.62M
YoY Change 2.94% -7.98%
Gross Profit Margin 35.07% 34.49%
Selling, General & Admin $44.34M $46.13M
YoY Change -12.47% -17.83%
% of Gross Profit 55.17% 57.94%
Research & Development $7.827M $8.098M
YoY Change -14.37% 0.6%
% of Gross Profit 9.74% 10.17%
Depreciation & Amortization $11.45M $13.72M
YoY Change 0.66% 11.97%
% of Gross Profit 14.24% 17.24%
Operating Expenses $52.16M $54.23M
YoY Change -12.76% -15.52%
Operating Profit $27.12M $27.89M
YoY Change 46.8% 19.23%
Interest Expense -$2.328M -$2.837M
YoY Change -20.87% 83.27%
% of Operating Profit -8.58% -10.17%
Other Income/Expense, Net $761.0K -$757.0K
YoY Change -22.11% -337.3%
Pretax Income $26.20M $25.14M
YoY Change 48.23% 4.9%
Income Tax $7.161M $7.278M
% Of Pretax Income 27.34% 28.95%
Net Earnings $19.04M $17.86M
YoY Change 28.29% -0.11%
Net Earnings / Revenue 8.31% 7.74%
Basic Earnings Per Share $1.02 $0.96
Diluted Earnings Per Share $1.02 $0.96
COMMON SHARES
Basic Shares Outstanding 18.62M shares 18.61M shares
Diluted Shares Outstanding 18.69M shares 18.68M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $126.5M $141.5M
YoY Change -46.52% -37.23%
Cash & Equivalents $126.5M $141.5M
Short-Term Investments
Other Short-Term Assets $31.83M $35.12M
YoY Change 105.32% 97.07%
Inventory $157.1M $169.7M
Prepaid Expenses
Receivables $185.8M $186.7M
Other Receivables $3.881M $3.881M
Total Short-Term Assets $554.8M $582.8M
YoY Change -13.0% -8.32%
LONG-TERM ASSETS
Property, Plant & Equipment $354.2M $357.6M
YoY Change -6.96% -2.49%
Goodwill $352.2M $358.6M
YoY Change 4.11% 1.94%
Intangibles $124.5M $130.6M
YoY Change -17.08% -18.39%
Long-Term Investments $10.35M $12.76M
YoY Change -20.26% -19.9%
Other Assets $16.95M $15.79M
YoY Change 91.61% 59.12%
Total Long-Term Assets $966.1M $985.6M
YoY Change -2.23% -1.1%
TOTAL ASSETS
Total Short-Term Assets $554.8M $582.8M
Total Long-Term Assets $966.1M $985.6M
Total Assets $1.521B $1.568B
YoY Change -6.45% -3.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.85M $51.23M
YoY Change -18.09% -33.33%
Accrued Expenses $56.95M $54.41M
YoY Change -21.15% -19.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $345.0K $355.0K
YoY Change -11.31% -14.04%
Total Short-Term Liabilities $116.1M $118.6M
YoY Change -15.79% -23.47%
LONG-TERM LIABILITIES
Long-Term Debt $80.00M $130.0M
YoY Change -72.41% -50.0%
Other Long-Term Liabilities $18.33M $17.57M
YoY Change 33.36% 29.22%
Total Long-Term Liabilities $98.33M $147.6M
YoY Change -67.63% -46.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $116.1M $118.6M
Total Long-Term Liabilities $98.33M $147.6M
Total Liabilities $214.5M $266.2M
YoY Change -51.44% -37.89%
SHAREHOLDERS EQUITY
Retained Earnings $1.132B $1.113B
YoY Change 9.77% 9.5%
Common Stock $167.6M $163.8M
YoY Change -8.95% -9.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.211B $1.206B
YoY Change
Total Liabilities & Shareholders Equity $1.521B $1.568B
YoY Change -6.45% -3.91%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $19.04M $17.86M
YoY Change 28.29% -0.11%
Depreciation, Depletion And Amortization $11.45M $13.72M
YoY Change 0.66% 11.97%
Cash From Operating Activities $41.98M $15.71M
YoY Change 210.74% 667.27%
INVESTING ACTIVITIES
Capital Expenditures $6.658M $11.47M
YoY Change -119.7% -145.96%
Acquisitions
YoY Change
Other Investing Activities $899.0K $2.305M
YoY Change -81.98% -277.31%
Cash From Investing Activities -$5.759M -$9.166M
YoY Change -80.01% -65.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -50.12M -60.12M
YoY Change -268.12% -186.04%
NET CHANGE
Cash From Operating Activities 41.98M 15.71M
Cash From Investing Activities -5.759M -9.166M
Cash From Financing Activities -50.12M -60.12M
Net Change In Cash -13.90M -53.58M
YoY Change -195.74% -217.33%
FREE CASH FLOW
Cash From Operating Activities $41.98M $15.71M
Capital Expenditures $6.658M $11.47M
Free Cash Flow $35.32M $4.235M
YoY Change -25.33% -84.32%

Facts In Submission

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Basis of Presentation<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, 2022.</span></div>
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928000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
699000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1735000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1568000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1638000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1749000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11216000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13013000 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
355000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
498000 usd
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1253000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1295000 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
1608000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1793000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2696000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2842000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8604000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10689000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
11300000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
13531000 usd
CY2023Q2 rog Finance Lease Liability Commenced To Be Paid Remainder Of Fiscal Year
FinanceLeaseLiabilityCommencedToBePaidRemainderOfFiscalYear
218000 usd
CY2023Q2 rog Finance Lease Liability Not Yet Commenced To Be Paid Remainder Of Fiscal Year
FinanceLeaseLiabilityNotYetCommencedToBePaidRemainderOfFiscalYear
4000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
214000 usd
CY2023Q2 rog Lessee Operating Lease Commenced Liability Payments Due Remainder Of Fiscal Year
LesseeOperatingLeaseCommencedLiabilityPaymentsDueRemainderOfFiscalYear
1846000 usd
CY2023Q2 rog Lessee Operating Lease Not Yet Commenced Liability Due Remainder Of Fiscal Year
LesseeOperatingLeaseNotYetCommencedLiabilityDueRemainderOfFiscalYear
69000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1777000 usd
CY2023Q2 rog Finance Lease Liability Commenced To Be Paid Year One
FinanceLeaseLiabilityCommencedToBePaidYearOne
427000 usd
CY2023Q2 rog Finance Lease Liability Not Yet Commenced To Be Paid Year One
FinanceLeaseLiabilityNotYetCommencedToBePaidYearOne
15000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
412000 usd
CY2023Q2 rog Lessee Operating Lease Commenced Liability Payments Due Year One
LesseeOperatingLeaseCommencedLiabilityPaymentsDueYearOne
2974000 usd
CY2023Q2 rog Lessee Operating Lease Not Yet Commenced Liability Payments Due Year One
LesseeOperatingLeaseNotYetCommencedLiabilityPaymentsDueYearOne
198000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2776000 usd
CY2023Q2 rog Finance Lease Liability Commenced To Be Paid Year Two
FinanceLeaseLiabilityCommencedToBePaidYearTwo
428000 usd
CY2023Q2 rog Finance Lease Liability Not Yet Commenced To Be Paid Year Two
FinanceLeaseLiabilityNotYetCommencedToBePaidYearTwo
16000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
412000 usd
CY2023Q2 rog Lessee Operating Lease Commenced Liability Payments Due Year Two
LesseeOperatingLeaseCommencedLiabilityPaymentsDueYearTwo
2322000 usd
CY2023Q2 rog Lessee Operating Lease Not Yet Commenced Liability Payments Due Year Two
LesseeOperatingLeaseNotYetCommencedLiabilityPaymentsDueYearTwo
174000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2148000 usd
CY2023Q2 rog Finance Lease Liability Commenced To Be Paid Year Three
FinanceLeaseLiabilityCommencedToBePaidYearThree
420000 usd
CY2023Q2 rog Finance Lease Liability Not Yet Commenced To Be Paid Year Three
FinanceLeaseLiabilityNotYetCommencedToBePaidYearThree
16000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
404000 usd
CY2023Q2 rog Lessee Operating Lease Commenced Liability Payments Due Year Three
LesseeOperatingLeaseCommencedLiabilityPaymentsDueYearThree
1734000 usd
CY2023Q2 rog Lessee Operating Lease Not Yet Commenced Liability Payments Due Year Three
LesseeOperatingLeaseNotYetCommencedLiabilityPaymentsDueYearThree
113000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1621000 usd
CY2023Q2 rog Finance Lease Liability Commenced To Be Paid Year Four
FinanceLeaseLiabilityCommencedToBePaidYearFour
210000 usd
CY2023Q2 rog Finance Lease Liability Not Yet Commenced To Be Paid Year Four
FinanceLeaseLiabilityNotYetCommencedToBePaidYearFour
16000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
194000 usd
CY2023Q2 rog Lessee Operating Lease Commenced Liability Payments Due Year Four
LesseeOperatingLeaseCommencedLiabilityPaymentsDueYearFour
1226000 usd
CY2023Q2 rog Lessee Operating Lease Not Yet Commenced Liability Payments Due Year Four
LesseeOperatingLeaseNotYetCommencedLiabilityPaymentsDueYearFour
14000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1212000 usd
CY2023Q2 rog Finance Lease Liability Commenced To Be Paid After Year Four
FinanceLeaseLiabilityCommencedToBePaidAfterYearFour
161000 usd
CY2023Q2 rog Finance Lease Liability Not Yet Commenced To Be Paid After Year Four
FinanceLeaseLiabilityNotYetCommencedToBePaidAfterYearFour
12000 usd
CY2023Q2 rog Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
149000 usd
CY2023Q2 rog Lessee Operating Lease Commenced Liability Payments Due After Year Four
LesseeOperatingLeaseCommencedLiabilityPaymentsDueAfterYearFour
3970000 usd
CY2023Q2 rog Lessee Operating Lease Not Yet Commenced Liability Payments Due After Year Four
LesseeOperatingLeaseNotYetCommencedLiabilityPaymentsDueAfterYearFour
4000 usd
CY2023Q2 rog Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
3966000 usd
CY2023Q2 rog Finance Lease Liability Commenced Payment Due
FinanceLeaseLiabilityCommencedPaymentDue
1864000 usd
CY2023Q2 rog Finance Lease Liability Not Yet Commenced Payment Due
FinanceLeaseLiabilityNotYetCommencedPaymentDue
79000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1785000 usd
CY2023Q2 rog Lessee Operating Lease Commenced Liability Payments Due
LesseeOperatingLeaseCommencedLiabilityPaymentsDue
14072000 usd
CY2023Q2 rog Lessee Operating Lease Not Yet Commenced Liability Payments Due
LesseeOperatingLeaseNotYetCommencedLiabilityPaymentsDue
572000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13500000 usd
CY2023Q2 rog Finance Lease Liability Commenced Undiscounted Excess Amount
FinanceLeaseLiabilityCommencedUndiscountedExcessAmount
187000 usd
CY2023Q2 rog Finance Lease Liability Not Yet Commenced Undiscounted Excess Amount
FinanceLeaseLiabilityNotYetCommencedUndiscountedExcessAmount
10000 usd
CY2023Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
177000 usd
CY2023Q2 rog Lessee Operating Lease Commenced Liability Undiscounted Excess Amount
LesseeOperatingLeaseCommencedLiabilityUndiscountedExcessAmount
2239000 usd
CY2023Q2 rog Lessee Operating Lease Not Yet Commenced Liability Undiscounted Excess Amount
LesseeOperatingLeaseNotYetCommencedLiabilityUndiscountedExcessAmount
39000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2200000 usd
CY2023Q2 rog Finance Lease Liability Commenced
FinanceLeaseLiabilityCommenced
1677000 usd
CY2023Q2 rog Finance Lease Liability Not Yet Commenced
FinanceLeaseLiabilityNotYetCommenced
69000 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
1608000 usd
CY2023Q2 rog Operating Lease Commenced Liability
OperatingLeaseCommencedLiability
11833000 usd
CY2023Q2 rog Operating Lease Not Yet Commenced Liability
OperatingLeaseNotYetCommencedLiability
533000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
11300000 usd
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y2M12D
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0404
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0535
rog Numberof Qualified Noncontributory Defined Benefit Plans
NumberofQualifiedNoncontributoryDefinedBenefitPlans
1 plan
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
9000000 usd
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the change in number of asbestos claims outstanding for the six months ended June 30, 2023:</span></div><div style="margin-bottom:1pt;margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:83.841%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.959%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Asbestos Claims</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Claims outstanding as of January 1, 2023</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">537 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">New claims filed</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Pending claims concluded</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(61)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Claims outstanding as of June 30, 2023</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">557</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:1pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">For the six months ended June 30, 2023, 52 claims were dismissed and 9 claims were settled. Settlements totaled approximately $2.2 million for the six months ended June 30, 2023.</span></div>
CY2022Q4 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
537 claim
us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
81 claim
us-gaap Loss Contingency Claims Settled And Dismissed Number
LossContingencyClaimsSettledAndDismissedNumber
61 claim
CY2023Q2 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
557 claim
us-gaap Loss Contingency Claims Dismissed Number
LossContingencyClaimsDismissedNumber
52 claim
us-gaap Loss Contingency Claims Settled Number
LossContingencyClaimsSettledNumber
9 claim
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
2200000 usd
CY2023Q2 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
64852000 usd
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
65033000 usd
CY2023Q2 us-gaap Recorded Third Party Environmental Recoveries Receivable
RecordedThirdPartyEnvironmentalRecoveriesReceivable
59807000 usd
CY2022Q4 us-gaap Recorded Third Party Environmental Recoveries Receivable
RecordedThirdPartyEnvironmentalRecoveriesReceivable
59807000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.289
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.254
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.332
CY2023Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
7900000 usd
CY2023Q2 rog Unrecognized Tax Benefits That Would Result In Adjustments To Other Tax Accounts
UnrecognizedTaxBenefitsThatWouldResultInAdjustmentsToOtherTaxAccounts
1100000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
1500000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
230821000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
27894000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251970000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
23396000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
474668000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
27642000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
500236000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
43287000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
230821000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251970000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
474668000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
500236000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
42223000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
38853000 usd
CY2023Q2 us-gaap Restructuring Charges
RestructuringCharges
3939000 usd
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
465000 usd
us-gaap Restructuring Charges
RestructuringCharges
14440000 usd
us-gaap Restructuring Charges
RestructuringCharges
534000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
212000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
212000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
212000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
212000 usd
CY2022Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
677000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
14440000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
746000 usd
CY2023Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
3939000 usd
CY2022Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
677000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
14440000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
746000 usd
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Consideration
DisposalGroupIncludingDiscontinuedOperationConsideration
1800000 usd
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Consideration
DisposalGroupIncludingDiscontinuedOperationConsideration
1800000 usd
CY2023Q2 rog Disposal Group Including Discontinued Operation Consideration Phase One
DisposalGroupIncludingDiscontinuedOperationConsiderationPhaseOne
1000000 usd
CY2023Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
3700000 usd
CY2023Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
3100000 usd
CY2023Q2 rog Disposal Group Including Discontinued Operation Selling Costs
DisposalGroupIncludingDiscontinuedOperationSellingCosts
1200000 usd
CY2023Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
16100000 usd
CY2023Q2 rog Catastrophic Event Inventory Charges
CatastrophicEventInventoryCharges
0 usd
CY2022Q2 rog Catastrophic Event Inventory Charges
CatastrophicEventInventoryCharges
-1000 usd
rog Catastrophic Event Inventory Charges
CatastrophicEventInventoryCharges
0 usd
rog Catastrophic Event Inventory Charges
CatastrophicEventInventoryCharges
200000 usd
CY2023Q2 us-gaap Professional Fees
ProfessionalFees
256000 usd
CY2022Q2 us-gaap Professional Fees
ProfessionalFees
492000 usd
us-gaap Professional Fees
ProfessionalFees
519000 usd
us-gaap Professional Fees
ProfessionalFees
926000 usd
CY2023Q2 rog Catastrophic Event Lease Obligations
CatastrophicEventLeaseObligations
0 usd
CY2022Q2 rog Catastrophic Event Lease Obligations
CatastrophicEventLeaseObligations
46000 usd
rog Catastrophic Event Lease Obligations
CatastrophicEventLeaseObligations
0 usd
rog Catastrophic Event Lease Obligations
CatastrophicEventLeaseObligations
278000 usd
CY2023Q2 rog Catastrophic Event Compensation And Benefits
CatastrophicEventCompensationAndBenefits
0 usd
CY2022Q2 rog Catastrophic Event Compensation And Benefits
CatastrophicEventCompensationAndBenefits
573000 usd
rog Catastrophic Event Compensation And Benefits
CatastrophicEventCompensationAndBenefits
0 usd
rog Catastrophic Event Compensation And Benefits
CatastrophicEventCompensationAndBenefits
1369000 usd
CY2023Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 usd
CY2022Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
2000 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 usd
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
13000 usd
CY2023Q2 us-gaap Insurance Recoveries
InsuranceRecoveries
6194000 usd
CY2022Q2 us-gaap Insurance Recoveries
InsuranceRecoveries
2852000 usd
us-gaap Insurance Recoveries
InsuranceRecoveries
6694000 usd
us-gaap Insurance Recoveries
InsuranceRecoveries
5042000 usd
CY2023Q2 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
5938000 usd
CY2022Q2 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
1740000 usd
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
6175000 usd
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
2256000 usd
CY2023Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
504000 usd
CY2022Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
486000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
18000 usd
CY2023Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
6442000 usd
CY2022Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1743000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
6661000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
2274000 usd
CY2023Q2 us-gaap Insurance Recoveries
InsuranceRecoveries
6200000 usd
us-gaap Insurance Recoveries
InsuranceRecoveries
6700000 usd
CY2023Q2 us-gaap Professional Fees
ProfessionalFees
300000 usd
us-gaap Professional Fees
ProfessionalFees
500000 usd
CY2022Q2 us-gaap Insurance Recoveries
InsuranceRecoveries
2900000 usd
CY2022Q2 us-gaap Professional Fees
ProfessionalFees
500000 usd
CY2022Q2 rog Catastrophic Event Compensation And Benefits
CatastrophicEventCompensationAndBenefits
600000 usd
rog Catastrophic Event Compensation And Benefits
CatastrophicEventCompensationAndBenefits
1400000 usd
CY2023Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
2987000 usd
CY2022Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
1344000 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
6367000 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
2183000 usd
CY2023Q2 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
44000 usd
CY2022Q2 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
153000 usd
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
346000 usd
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
291000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
122000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
179000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
404000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
358000 usd
CY2023Q2 us-gaap Interest Income Other
InterestIncomeOther
340000 usd
CY2022Q2 us-gaap Interest Income Other
InterestIncomeOther
179000 usd
us-gaap Interest Income Other
InterestIncomeOther
845000 usd
us-gaap Interest Income Other
InterestIncomeOther
287000 usd
CY2023Q2 us-gaap Interest Expense Other
InterestExpenseOther
24000 usd
CY2022Q2 us-gaap Interest Expense Other
InterestExpenseOther
51000 usd
us-gaap Interest Expense Other
InterestExpenseOther
27000 usd
us-gaap Interest Expense Other
InterestExpenseOther
72000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2837000 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1548000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6299000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2617000 usd
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0000084748-23-000066-index-headers.html Edgar Link pending
0000084748-23-000066-index.html Edgar Link pending
0000084748-23-000066.txt Edgar Link pending
0000084748-23-000066-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
rog-20230630.htm Edgar Link pending
rog-20230630.xsd Edgar Link pending
rog-20230630x10ex311.htm Edgar Link pending
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rog-20230630_def.xml Edgar Link unprocessable
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rog-20230630_htm.xml Edgar Link completed
rog-20230630_cal.xml Edgar Link unprocessable
rog-20230630_pre.xml Edgar Link unprocessable