2021 Q4 Form 10-Q Financial Statement

#000082414221000134 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $136.3M $138.6M $134.8M
YoY Change 16.78% 2.82% 18.74%
Cost Of Revenue $109.7M $102.6M $93.92M
YoY Change 32.53% 9.19% 9.1%
Gross Profit $26.55M $36.02M $40.85M
YoY Change -21.74% -11.82% 49.03%
Gross Profit Margin 19.48% 25.99% 30.31%
Selling, General & Admin $20.17M $15.90M $14.72M
YoY Change 43.01% 8.03% 18.93%
% of Gross Profit 75.96% 44.14% 36.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.811M $7.608M $6.700M
YoY Change 18.35% 13.55% 15.52%
% of Gross Profit 29.42% 21.12% 16.4%
Operating Expenses $21.11M $15.90M $14.72M
YoY Change 44.59% 8.03% 18.93%
Operating Profit $5.437M $20.14M $26.13M
YoY Change -71.86% -22.94% 73.86%
Interest Expense -$121.0K -$10.00K $0.00
YoY Change
% of Operating Profit -2.23% -0.05% 0.0%
Other Income/Expense, Net $24.00K -$19.00K $15.00K
YoY Change -226.67% -314.29%
Pretax Income $5.346M $20.11M $26.16M
YoY Change -79.2% -23.12% 74.0%
Income Tax -$840.0K $4.527M $5.696M
% Of Pretax Income -15.71% 22.51% 21.78%
Net Earnings $6.186M $15.58M $20.46M
YoY Change -67.26% -23.85% 43.18%
Net Earnings / Revenue 4.54% 11.24% 15.18%
Basic Earnings Per Share $0.30 $0.39
Diluted Earnings Per Share $114.7K $0.29 $0.38
COMMON SHARES
Basic Shares Outstanding 52.43M shares 52.42M shares 52.26M shares
Diluted Shares Outstanding 53.55M shares 53.15M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.859M $101.8M $70.60M
YoY Change -96.38% 44.21% 148.59%
Cash & Equivalents $2.859M $101.8M $70.60M
Short-Term Investments
Other Short-Term Assets $2.699M $3.462M $10.00M
YoY Change -61.44% -65.38% 525.0%
Inventory $130.3M $104.6M $78.82M
Prepaid Expenses
Receivables $70.78M $58.76M $62.20M
Other Receivables $5.723M $2.031M $3.900M
Total Short-Term Assets $218.1M $270.6M $225.5M
YoY Change -0.99% 19.99% 32.44%
LONG-TERM ASSETS
Property, Plant & Equipment $258.1M $240.6M $208.9M
YoY Change 15.55% 15.18% 18.86%
Goodwill $85.73M $3.200M $3.229M
YoY Change 2554.91% -0.9% 0.0%
Intangibles $70.12M
YoY Change 184428.95%
Long-Term Investments
YoY Change
Other Assets $1.216M
YoY Change 110.02%
Total Long-Term Assets $432.1M $245.8M $214.4M
YoY Change 88.89% 14.65% 18.04%
TOTAL ASSETS
Total Short-Term Assets $218.1M $270.6M $225.5M
Total Long-Term Assets $432.1M $245.8M $214.4M
Total Assets $650.2M $516.4M $439.9M
YoY Change 44.8% 17.39% 25.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.02M $25.94M $16.04M
YoY Change 133.15% 61.74% 44.25%
Accrued Expenses $50.21M $48.27M $45.47M
YoY Change 7.77% 6.15% 6.32%
Deferred Revenue $7.542M $5.296M $2.151M
YoY Change 146.21%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $86.77M $74.21M $61.51M
YoY Change 46.98% 20.65% 15.82%
LONG-TERM LIABILITIES
Long-Term Debt $46.41M $6.394M $6.400M
YoY Change 625.09% -0.09%
Other Long-Term Liabilities $18.84M $4.434M $4.200M
YoY Change 326.02% 5.57% 13.51%
Total Long-Term Liabilities $18.84M $10.83M $10.60M
YoY Change 326.02% 2.15% 186.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $86.77M $74.21M $61.51M
Total Long-Term Liabilities $18.84M $10.83M $10.60M
Total Liabilities $105.6M $116.1M $95.00M
YoY Change 66.43% 22.24% 30.85%
SHAREHOLDERS EQUITY
Retained Earnings $384.3M $388.1M $336.5M
YoY Change 11.23% 15.33% 21.62%
Common Stock $210.0K $210.0K $209.0K
YoY Change 0.48% 0.48% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $466.2M $400.3M $344.9M
YoY Change
Total Liabilities & Shareholders Equity $650.2M $516.4M $439.9M
YoY Change 44.8% 17.39% 24.92%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $6.186M $15.58M $20.46M
YoY Change -67.26% -23.85% 43.18%
Depreciation, Depletion And Amortization $7.811M $7.608M $6.700M
YoY Change 18.35% 13.55% 15.52%
Cash From Operating Activities -$13.52M $11.79M $34.20M
YoY Change -142.52% -65.52% -1.44%
INVESTING ACTIVITIES
Capital Expenditures -$12.73M -$9.479M -$15.50M
YoY Change -32.31% -38.85% 10.71%
Acquisitions
YoY Change
Other Investing Activities -$103.4M $29.00K $0.00
YoY Change -1715.89% -100.0%
Cash From Investing Activities -$116.1M -$9.450M -$15.50M
YoY Change 836.64% -39.03% 55.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 30.68M -11.99M -11.00M
YoY Change -295.39% 8.97% 10.0%
NET CHANGE
Cash From Operating Activities -13.52M 11.79M 34.20M
Cash From Investing Activities -116.1M -9.450M -15.50M
Cash From Financing Activities 30.68M -11.99M -11.00M
Net Change In Cash -98.99M -9.646M 7.700M
YoY Change -2775.3% -225.27% -47.62%
FREE CASH FLOW
Cash From Operating Activities -$13.52M $11.79M $34.20M
Capital Expenditures -$12.73M -$9.479M -$15.50M
Free Cash Flow -$794.0K $21.27M $49.70M
YoY Change -101.57% -57.2% 2.05%

Facts In Submission

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CY2021Q3 us-gaap Stock Repurchased And Retired During Period Value
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4748000 USD
CY2021Q3 aaon Dividends Including Cancellations And Forfeitures Common Stock
DividendsIncludingCancellationsAndForfeituresCommonStock
-4000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
400279000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
290140000 USD
us-gaap Net Income Loss
NetIncomeLoss
60117000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
18519000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8546000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
22520000 USD
aaon Dividends Including Cancellations And Forfeitures Common Stock
DividendsIncludingCancellationsAndForfeituresCommonStock
9910000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
344892000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
322695000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
20460000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4346000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2852000 USD
CY2020Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
5474000 USD
CY2020Q3 aaon Dividends Including Cancellations And Forfeitures Common Stock
DividendsIncludingCancellationsAndForfeituresCommonStock
-13000 USD
aaon Interest Income Note Receivable
InterestIncomeNoteReceivable
19000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
344892000 USD
us-gaap Net Income Loss
NetIncomeLoss
60117000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22532000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18971000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
31000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
31000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
193000 USD
us-gaap Inventory Write Down
InventoryWriteDown
378000 USD
us-gaap Inventory Write Down
InventoryWriteDown
1776000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8784000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8546000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
15000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
61000 USD
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1000 USD
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-18000 USD
aaon Interest Income Note Receivable
InterestIncomeNoteReceivable
19000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2766000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7676000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11369000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5011000 USD
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
2588000 USD
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-3142000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
22712000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6994000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-937000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
598000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16390000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3654000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
316000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1128000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1525000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
688000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
74703000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
96995000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
42636000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
48955000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
19000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
61000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
41000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
38000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-42576000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48856000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14573000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
18519000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
15014000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
21390000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1537000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1130000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
9964000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
9910000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11942000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13911000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
20185000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
34228000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82288000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44373000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102473000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
78601000 USD
CY2021Q3 aaon Number Of Variable Interest Entities With Directed Activities
NumberOfVariableInterestEntitiesWithDirectedActivities
2 numberOfVIEs
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Because these estimates and assumptions require significant judgment, actual results could differ from those estimates and could have a significant impact on our results of operations, financial position and cash flows. We reevaluate our estimates and assumptions as needed, but at a minimum on a quarterly basis. The most significant estimates include, but are not limited to, inventory reserves, warranty accrual, worker's compensation accrual, medical insurance accrual, income taxes and share-based compensation. Actual results could differ materially from those estimates.</span></div>
CY2021Q3 aaon Percent Of Increase In Starting Wages For Production Workforce
PercentOfIncreaseInStartingWagesForProductionWorkforce
0.070
aaon Provision Recoveries For Expected Credit Losses Net Of Adjustments
ProvisionRecoveriesForExpectedCreditLossesNetOfAdjustments
0 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
38000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
58000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
38000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
175000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
3200000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
3200000 USD
CY2020Q3 aaon Provision Recoveries For Expected Credit Losses Net Of Adjustments
ProvisionRecoveriesForExpectedCreditLossesNetOfAdjustments
117000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
138571000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
134772000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
398235000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
397851000 USD
CY2021Q3 aaon Revenuefrom Contractwith Customer Including Assessed Tax Numberof Units
RevenuefromContractwithCustomerIncludingAssessedTaxNumberofUnits
6530000 unit
CY2020Q3 aaon Revenuefrom Contractwith Customer Including Assessed Tax Numberof Units
RevenuefromContractwithCustomerIncludingAssessedTaxNumberofUnits
7352000 unit
aaon Revenuefrom Contractwith Customer Including Assessed Tax Numberof Units
RevenuefromContractwithCustomerIncludingAssessedTaxNumberofUnits
20034000 unit
aaon Revenuefrom Contractwith Customer Including Assessed Tax Numberof Units
RevenuefromContractwithCustomerIncludingAssessedTaxNumberofUnits
20302000 unit
CY2021Q3 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
9500000 USD
CY2020Q3 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
11500000 USD
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
34500000 USD
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
39000000 USD
aaon Extended Product Warranties Minimum Length
ExtendedProductWarrantiesMinimumLength
P6M
CY2021Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
59233000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
47893000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
477000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
506000 USD
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
58756000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
47387000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
518000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
429000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
506000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
353000 USD
CY2021Q3 aaon Provision Recoveries For Expected Credit Losses Net Of Adjustments
ProvisionRecoveriesForExpectedCreditLossesNetOfAdjustments
-12000 USD
aaon Provision Recoveries For Expected Credit Losses Net Of Adjustments
ProvisionRecoveriesForExpectedCreditLossesNetOfAdjustments
193000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
29000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
29000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
477000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
546000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
477000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
546000 USD
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
97167000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
76238000 USD
aaon Product Warranty Accrual Maximum Length
ProductWarrantyAccrualMaximumLength
P25Y
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
4749000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2088000 USD
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4929000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7154000 USD
CY2021Q3 us-gaap Inventory Gross
InventoryGross
106845000 USD
CY2020Q4 us-gaap Inventory Gross
InventoryGross
85480000 USD
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2292000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3261000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
104553000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
82219000 USD
CY2021Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2726000 USD
CY2020Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2373000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3261000 USD
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2644000 USD
CY2021Q3 aaon Inventory Valuation Reserves Provision
InventoryValuationReservesProvision
86000 USD
CY2020Q3 aaon Inventory Valuation Reserves Provision
InventoryValuationReservesProvision
1969000 USD
aaon Inventory Valuation Reserves Provision
InventoryValuationReservesProvision
378000 USD
aaon Inventory Valuation Reserves Provision
InventoryValuationReservesProvision
1776000 USD
CY2021Q3 aaon Inventory Valuation Reserves Write Offs
InventoryValuationReservesWriteOffs
520000 USD
CY2020Q3 aaon Inventory Valuation Reserves Write Offs
InventoryValuationReservesWriteOffs
230000 USD
aaon Inventory Valuation Reserves Write Offs
InventoryValuationReservesWriteOffs
1347000 USD
aaon Inventory Valuation Reserves Write Offs
InventoryValuationReservesWriteOffs
308000 USD
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2292000 USD
CY2020Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4112000 USD
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2292000 USD
CY2020Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4112000 USD
CY2021Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3167000 USD
CY2020Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1841000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5909000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11576000 USD
CY2021Q3 aaon Changein Capital Expenditures Incurred But Not Yet Paid
ChangeinCapitalExpendituresIncurredButNotYetPaid
-1052000 USD
CY2020Q3 aaon Changein Capital Expenditures Incurred But Not Yet Paid
ChangeinCapitalExpendituresIncurredButNotYetPaid
-4421000 USD
aaon Changein Capital Expenditures Incurred But Not Yet Paid
ChangeinCapitalExpendituresIncurredButNotYetPaid
-2897000 USD
aaon Changein Capital Expenditures Incurred But Not Yet Paid
ChangeinCapitalExpendituresIncurredButNotYetPaid
625000 USD
aaon Product Warranty Accrual Minimum Length
ProductWarrantyAccrualMinimumLength
P1Y
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
14008000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13160000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13522000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12652000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1825000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1687000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4834000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4481000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1272000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2054000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4767000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5356000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13455000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13527000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13455000 USD
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13527000 USD
CY2021Q3 us-gaap Product Warranty Expense
ProductWarrantyExpense
1272000 USD
CY2020Q3 us-gaap Product Warranty Expense
ProductWarrantyExpense
2054000 USD
us-gaap Product Warranty Expense
ProductWarrantyExpense
4767000 USD
us-gaap Product Warranty Expense
ProductWarrantyExpense
5356000 USD
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
13455000 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
13522000 USD
CY2021Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
8006000 USD
CY2020Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
8296000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8770000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8155000 USD
CY2021Q3 aaon Accrued Profit Sharing Current
AccruedProfitSharingCurrent
2360000 USD
CY2020Q4 aaon Accrued Profit Sharing Current
AccruedProfitSharingCurrent
2902000 USD
CY2021Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
303000 USD
CY2020Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
594000 USD
CY2021Q3 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
1574000 USD
CY2020Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
1546000 USD
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5296000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5067000 USD
CY2021Q3 aaon Donations Current
DonationsCurrent
370000 USD
CY2020Q4 aaon Donations Current
DonationsCurrent
570000 USD
CY2021Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
3747000 USD
CY2020Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
3321000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4385000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2613000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
48266000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
46586000 USD
CY2021Q3 aaon Debt Instrument Leverage Coverage Ratio
DebtInstrumentLeverageCoverageRatio
0.02
CY2021Q3 aaon Debt Instrument Maximum Leverage Coverage Ratio Required For Compliance
DebtInstrumentMaximumLeverageCoverageRatioRequiredForCompliance
2
CY2021Q3 aaon Ratio Of Total Consolidated Liability To Net Worth
RatioOfTotalConsolidatedLiabilityToNetWorth
0.3
CY2021Q3 aaon Maximum Ratio Of Total Consolidated Liability To Net Worth Required For Compliance
MaximumRatioOfTotalConsolidatedLiabilityToNetWorthRequiredForCompliance
2
CY2021Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4508000 USD
CY2020Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3081000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8498000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8435000 USD
CY2021Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
19000 USD
CY2020Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2615000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2766000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7676000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4527000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5696000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11264000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16111000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.034
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.023
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.030
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.040
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.022
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.023
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P2Y6M
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CY2021Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
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SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P6Y3M10D
CY2020Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
36.12
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAwardedInPeriodFairValue
258000 USD
aaon Share Based Compensation Arrangement By Share Based Payment Award Options Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAwardedInPeriodFairValue
6870000 USD
aaon Share Based Compensation Arrangement By Share Based Payment Award Options Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAwardedInPeriodFairValue
12332000 USD
CY2021Q3 aaon Performance Awards
PerformanceAwards
32000 USD
CY2020Q3 aaon Performance Awards
PerformanceAwards
0 USD
aaon Performance Awards
PerformanceAwards
1622000 USD
aaon Performance Awards
PerformanceAwards
0 USD
CY2021Q3 aaon Share Based Compensation Arrangement By Share Based Payment Award Restriced Stock Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardRestricedStockAwardedInPeriodFairValue
80000 USD
CY2020Q3 aaon Share Based Compensation Arrangement By Share Based Payment Award Restriced Stock Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardRestricedStockAwardedInPeriodFairValue
0 USD
aaon Share Based Compensation Arrangement By Share Based Payment Award Restriced Stock Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardRestricedStockAwardedInPeriodFairValue
2253000 USD
aaon Share Based Compensation Arrangement By Share Based Payment Award Restriced Stock Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardRestricedStockAwardedInPeriodFairValue
3316000 USD
CY2021Q3 aaon Share Based Compensation Arrangement By Share Based Payment Award Total Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardTotalAwardedInPeriodFairValue
264000 USD
CY2020Q3 aaon Share Based Compensation Arrangement By Share Based Payment Award Total Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardTotalAwardedInPeriodFairValue
258000 USD
aaon Share Based Compensation Arrangement By Share Based Payment Award Total Awarded In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardTotalAwardedInPeriodFairValue
10745000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardTotalAwardedInPeriodFairValue
15648000 USD
CY2021Q3 aaon Allocated Share Based Compensation Expense Stock Options
AllocatedShareBasedCompensationExpenseStockOptions
2167000 USD
CY2020Q3 aaon Allocated Share Based Compensation Expense Stock Options
AllocatedShareBasedCompensationExpenseStockOptions
2208000 USD
aaon Allocated Share Based Compensation Expense Stock Options
AllocatedShareBasedCompensationExpenseStockOptions
6594000 USD
aaon Allocated Share Based Compensation Expense Stock Options
AllocatedShareBasedCompensationExpenseStockOptions
6136000 USD
CY2021Q3 aaon Share Based Payment Arrangement Expense Performance Awards
ShareBasedPaymentArrangementExpensePerformanceAwards
166000 USD
CY2020Q3 aaon Share Based Payment Arrangement Expense Performance Awards
ShareBasedPaymentArrangementExpensePerformanceAwards
0 USD
aaon Share Based Payment Arrangement Expense Performance Awards
ShareBasedPaymentArrangementExpensePerformanceAwards
355000 USD
aaon Share Based Payment Arrangement Expense Performance Awards
ShareBasedPaymentArrangementExpensePerformanceAwards
0 USD
CY2021Q3 aaon Allocated Share Based Compensation Expense Restricted Stock
AllocatedShareBasedCompensationExpenseRestrictedStock
658000 USD
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AllocatedShareBasedCompensationExpenseRestrictedStock
644000 USD
aaon Allocated Share Based Compensation Expense Restricted Stock
AllocatedShareBasedCompensationExpenseRestrictedStock
1835000 USD
aaon Allocated Share Based Compensation Expense Restricted Stock
AllocatedShareBasedCompensationExpenseRestrictedStock
2410000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2991000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2852000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8546000 USD
CY2021Q3 aaon Employee Service Share Based Compensation Tax Benefit From Compensation Expense Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseStockOptions
440000 USD
CY2020Q3 aaon Employee Service Share Based Compensation Tax Benefit From Compensation Expense Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseStockOptions
579000 USD
aaon Employee Service Share Based Compensation Tax Benefit From Compensation Expense Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseStockOptions
3010000 USD
aaon Employee Service Share Based Compensation Tax Benefit From Compensation Expense Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseStockOptions
1990000 USD
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EmployeeServiceShareBasedCompensationTaxExpenseBenefitFromCompensationExpenseRestrictedStock
1000 USD
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EmployeeServiceShareBasedCompensationTaxExpenseBenefitFromCompensationExpenseRestrictedStock
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EmployeeServiceShareBasedCompensationTaxExpenseBenefitFromCompensationExpenseRestrictedStock
820000 USD
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EmployeeServiceShareBasedCompensationTaxExpenseBenefitFromCompensationExpenseRestrictedStock
503000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
588000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3830000 USD
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EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2493000 USD
aaon Definedcontributionemployeeautomaticcontributionpercentag
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DefinedContributionPlanAdministrativeExpenses
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
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P6Y
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2526000 USD
CY2020Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2242000 USD
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6924000 USD
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6791000 USD
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LaborAndRelatedExpense
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LaborAndRelatedExpense
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us-gaap Labor And Related Expense
LaborAndRelatedExpense
8691000 USD
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52392300 shares
CY2021Q3 aaon Defined Benefit Plan Medical Claim Payments
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2342000 USD
CY2020Q3 aaon Defined Benefit Plan Medical Claim Payments
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2985000 USD
aaon Defined Benefit Plan Medical Claim Payments
DefinedBenefitPlanMedicalClaimPayments
6188000 USD
aaon Defined Benefit Plan Medical Claim Payments
DefinedBenefitPlanMedicalClaimPayments
6843000 USD
CY2021Q3 aaon Defined Benefit Plan Heath Saving Account Payments
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888000 USD
CY2020Q3 aaon Defined Benefit Plan Heath Saving Account Payments
DefinedBenefitPlanHeathSavingAccountPayments
890000 USD
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DefinedBenefitPlanHeathSavingAccountPayments
2621000 USD
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2663000 USD
CY2021Q3 us-gaap Net Income Loss
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15581000 USD
CY2020Q3 us-gaap Net Income Loss
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20460000 USD
us-gaap Net Income Loss
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60117000 USD
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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1125802 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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890744 shares
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1272697 shares
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780344 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q2 us-gaap Stock Repurchase Program Authorized Amount1
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20000000 USD
us-gaap Treasury Stock Shares Acquired
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242115 shares
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16551000 USD
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68.36
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429456 shares
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22520000 USD
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52.44
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17.90
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CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2021Q3 us-gaap Revenue From Related Parties
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1560000 USD
CY2020Q3 us-gaap Revenue From Related Parties
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662000 USD
us-gaap Revenue From Related Parties
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2372000 USD
us-gaap Revenue From Related Parties
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2550000 USD
CY2021Q3 us-gaap Related Party Transaction Amounts Of Transaction
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23000 USD
CY2020Q3 us-gaap Related Party Transaction Amounts Of Transaction
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110000 USD
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
153000 USD
us-gaap Related Party Transaction Amounts Of Transaction
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207000 USD
CY2021Q3 us-gaap Due From Related Parties
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544000 USD
CY2020Q4 us-gaap Due From Related Parties
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342000 USD
CY2021Q3 us-gaap Due To Related Parties Current And Noncurrent
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0 USD
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
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0 USD
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398235000 USD
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397851000 USD
CY2021Q3 us-gaap Gross Profit
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36019000 USD
CY2020Q3 us-gaap Gross Profit
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40848000 USD
us-gaap Gross Profit
GrossProfit
111283000 USD
us-gaap Gross Profit
GrossProfit
121926000 USD

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