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Segments | 9 Months Ended
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Sep. 30, 2024
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 Ended |  | Nine Months Ended |
| September 30, 2024 |  | September 30, 2023 |  | September 30, 2024 |  | September 30, 2023 |
Net Sales |  |  |  |  | (in thousands) |
AAON Oklahoma |  |  |  |  |  |  |  |
External sales | $ | 228,887 |  |  | $ | 246,454 |  |  | $ | 664,754 |  |  | $ | 666,670 |  |
Inter-segment sales | 1,238 |  |  | 768 |  |  | 4,220 |  |  | 3,467 |  |
AAON Coil Products |  |  |  |  |  |  |  |
External sales | 35,232 |  |  | 25,769 |  |  | 90,852 |  |  | 89,262 |  |
Inter-segment sales | 12,292 |  |  | 11,871 |  |  | 30,565 |  |  | 28,687 |  |
BASX |  |  |  |  |  |  |  |
External sales | 63,133 |  |  | 39,747 |  |  | 147,311 |  |  | 105,948 |  |
Inter-segment sales | 40 |  |  | (74) |  |  | 262 |  |  | 1,426 |  |
Eliminations | (13,570) |  |  | (12,565) |  |  | (35,047) |  |  | (33,580) |  |
Net sales | $ | 327,252 |  |  | $ | 311,970 |  |  | $ | 902,917 |  |  | $ | 861,880 |  |
Gross Profit |  |  |  |  |  |  |  |
AAON Oklahoma | $ | 84,119 |  |  | $ | 94,174 |  |  | $ | 246,400 |  |  | $ | 231,403 |  |
AAON Coil Products | 12,421 |  |  | 8,307 |  |  | 33,719 |  |  | 22,948 |  |
BASX | 17,618 |  |  | 13,628 |  |  | 39,375 |  |  | 32,930 |  |
Gross profit | $ | 114,158 |  |  | $ | 116,109 |  |  | $ | 319,494 |  |  | $ | 287,281 |  |
| September 30, 2024 |  | December 31, 2023 |
Long-lived assets 1 | (in thousands) |
AAON Oklahoma | $ | 252,732 |  |  | $ | 248,556 |  |
AAON Coil Products | 112,358 |  |  | 83,169 |  |
BASX | 78,067 |  |  | 49,996 |  |
Total long-lived assets | $ | 443,157 |  |  | $ | 381,721 |  |
1 Property, plant and equipment, net & right of use assets |
Intangible assets, net and goodwill |  |  |  |
AAON Oklahoma | $ | 21,880 |  |  | $ | 10,282 |  |
AAON Coil Products | — |  |  | — |  |
BASX | 136,958 |  |  | 139,663 |  |
Total intangible assets, net and goodwill | $ | 158,838 |  |  | $ | 149,945 |  |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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