XML 58 R47.htm IDEA: XBRL DOCUMENT
v3.25.1

Stockholders' Equity (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Stockholders' Equity Note [Abstract] |
Schedule of Market Repurchase | Our authorized open market repurchase programs during the periods presented are as follows:
Effective Date |  | Authorized Repurchase $ |  | Expiration Date
November 3, 2022 |  | $50 million 1 |  | February 27, 2024
February 27, 2024 |  | $50 million 1 |  | June 4, 2024
June 4, 2024 |  | $50 million 2 |  | June 14, 2024
February 27, 2025 |  | $100 million |  | ** 3, 4
1 Repurchases made in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
2 Repurchases made in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
3 Expiration Date is at Board’s discretion. The Company is authorized to effectuate repurchases of the Company’s common stock on terms and conditions approved in advance by the Board. As of March 31, 2025, approximately $70.0 million remains under the current board authorization.
4 As of March 31, 2025, approximately $30.0 million of shares have been repurchased in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
Schedule of Share Repurchases | Our repurchase activity is as follows:
|  | Three Months Ended
|  | March 31, 2025 |  | March 31, 2024
|  | (in thousands, except share and per share data)
Program |  | Shares |  | Total $ |  | $ per share |  | Shares |  | Total $ |  | $ per share
Open market |  | 371,139 |  |  | $ | 29,992 |  |  | $ | 80.81 |  |  | — |  |  | $ | — |  |  | $ | — |
LTIP shares 1 |  | 82,664 |  |  | 8,312 |  |  | 100.55 |  |  | 36,860 |  |  | 3,041 |  |  | 82.50 |
Total |  | 453,803 |  |  | $ | 38,304 |  |  | $ | 84.41 |  |  | 36,860 |  |  | $ | 3,041 |  |  | $ | 82.50 |
1 Includes stock repurchased for payment of statutory tax withholding and/or stock repurchased to cover the strike price of stock options.
Schedule of Dividends Payable | Our recent cash dividends are as follows:
Declaration Date | Record Date | Payment Date | Dividend per Share | Annualized Dividend per Share
March 5, 2024 | March 18, 2024 | March 29, 2024 | $0.08 | $0.32
May 24, 2024 | June 7, 2024 | June 28, 2024 | $0.08 | $0.32
August 15, 2024 | September 6, 2024 | September 27, 2024 | $0.08 | $0.32
November 13, 2024 | November 29, 2024 | December 19, 2024 | $0.08 | $0.32
March 5, 2025 | March 18, 2025 | March 28, 2025 | $0.10 | $0.40
Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2025 and 2024:
|  |  | Three Months Ended
|  |  |  |  | March 31, 2025 |  | March 31, 2024
Numerator: |  |  |  |  | (in thousands, except share and per share data)
Net income |  |  |  |  | $ | 29,292 |  |  | $ | 39,016 |
Denominator: |  |  |  |  |  |  |
Basic weighted average shares |  |  |  |  | 81,472,351 |  |  | 81,661,972 |
Effect of dilutive shares related to stock based compensation 1 |  |  |  |  | 1,879,185 |  |  | 2,193,000 |
Effect of dilutive shares related to contingent consideration 2 |  |  |  |  | — |  |  | 189,698 |
Diluted weighted average shares |  |  |  |  | 83,351,536 |  |  | 84,044,670 |
Earnings per share: |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 0.36 |  |  | $ | 0.48 |
Dilutive |  |  |  |  | $ | 0.35 |  |  | $ | 0.46 |
Anti-dilutive shares: |  |  |  |  |  |  |
Shares |  |  |  |  | 108,254 |  |  | 112,717 |
1 Dilutive shares related to stock options, restricted stock, PSUs and Key Employee Awards (Note 14)
2 Dilutive shares related to contingent shares issued to the former owners of BASX (Note 17)

X
- Definition Schedule of Share Repurchases [Table Text Block] + References No definition available. + Details
Name: | aaon_ScheduleofShareRepurchasesTableTextBlock
Namespace Prefix: | aaon_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-3 + Details
Name: | us-gaap_ScheduleOfDividendsPayableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-4 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481549/505-30-45-1 + Details
Name: | us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration