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Segments
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segments Segments
The Company has determined that it has three reportable segments for financial reporting purposes. Management evaluates the performance of its business segments primarily on gross profit. The Company's chief operating decision maker ("CODM"), our CEO, allocates resources and assesses the performance of each operating segment using information about the operating segment's net sales and income from operations. The CODM does not evaluate operating segments using asset or liability information.
AAON Oklahoma: AAON Oklahoma designs, manufactures, sells and services standard, semi-custom and custom heating, ventilation and air conditioning ("HVAC") systems, designs and produces controls solutions for all of our HVAC units and sells retail parts to customers through our two retail part stores in Tulsa, Oklahoma as well as online. Through our Norman Asbjornson Innovation Center ("NAIC") research and development laboratory facility in Tulsa, Oklahoma, the Company is able to test units under various environmental conditions. AAON Oklahoma includes the operations of our Tulsa, Oklahoma and Parkville, Missouri facilities, our NAIC research and development laboratory facility and two retail parts locations.
AAON Coil Products: AAON Coil Products designs and manufactures a selection of our standard, semi-custom and custom HVAC systems. AAON Coil Products also designs and manufactures various heating and cooling coils to be used in HVAC systems, mostly for the benefit of AAON Oklahoma and AAON Coil Products. AAON Coil Products consists of operations at our Longview, Texas facilities.
BASX: BASX provides product development design and manufacturing of custom engineered air handling systems including high efficiency data center cooling solutions, cleanroom HVAC systems, commercial/industrial HVAC systems and modular solutions. Additionally, BASX designs and manufactures cleanroom environmental control systems to support hospital surgical suites, pharmaceutical process facilities, semiconductor and electronics manufacturing, laboratory and isolation modular cleanrooms for facility flexibility. BASX consists of operations at our Redmond, Oregon facility.
The following table summarizes certain financial data related to our segments. Transactions between segments are recorded based on prices negotiated between the segments. The Gross Profit amounts shown below are presented after elimination entries.
Three Months EndedNine Months Ended
 September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Net Sales(in thousands)
AAON Oklahoma
     External sales$246,454 $179,169 $666,670 $476,517 
     Inter-segment sales768 998 3,467 2,157 
AAON Coil Products
     External sales25,769 30,504 89,262 79,193 
     Inter-segment sales11,871 8,037 28,687 24,047 
BASX
External sales39,747 32,932 105,948 78,480 
Inter-segment sales(74)61 1,426 61 
Eliminations(12,565)(9,096)(33,580)(26,265)
             Net sales$311,970 $242,605 $861,880 $634,190 
 
Gross Profit
AAON Oklahoma$94,174 $45,643 $231,403 $111,216 
AAON Coil Products8,307 10,564 22,948 26,344 
BASX13,628 9,384 32,930 21,471 
            Gross profit$116,109 $65,591 $287,281 $159,031 
September 30, 2023December 31, 2022
Long-lived assets(in thousands)
AAON Oklahoma$251,298 $213,731 
AAON Coil Products77,434 68,013 
BASX45,805 35,578 
            Total long-lived assets$374,537 $317,322 
Intangible assets and goodwill
AAON Oklahoma$3,229 $3,229 
AAON Coil Products— — 
BASX140,564 143,269 
            Total intangible assets and goodwill$143,793 $146,498