AAON (AAON) 10-Q 5 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Aug. 02, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	0-18953
Entity Registrant Name	AAON, INC.
Entity Central Index Key	0000824142
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	87-0448736
Entity Address, Address Line One	2425 South Yukon Ave.,
Entity Address, City or Town	Tulsa,
Entity Address, State or Province	OK
Entity Address, Postal Zip Code	74107
City Area Code	918
Local Phone Number	583-2266
Title of 12(b) Security	Common Stock
Trading Symbol	AAON
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		52,403,733

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Current assets:
Cash and cash equivalents		$ 111,427	$ 79,025
Restricted Cash		692	3,263
Accounts receivable, net of allowance for credit losses of $518 and $506, respectively		53,311	47,387
Income tax receivable		3,339	4,587
Notes receivable		32	31
Inventories, net		87,399	82,219
Prepaid expenses and other		2,940	3,739
Total current assets		259,140	220,251
Property, plant and equipment:
Land		5,016	4,072
Buildings		129,607	122,171
Machinery and equipment		301,964	281,266
Furniture and fixtures		20,726	18,956
Total property, plant and equipment		457,313	426,465
Less: Accumulated depreciation		217,549	203,125
Property, plant and equipment, net		239,764	223,340
Goodwill and intangible assets, net		3,229	3,267
Right of use assets		1,472	1,571
Note receivable		579	579
Total assets		504,184	449,008
Current liabilities:
Accounts payable		21,250	12,447
Dividends payable		9,970		$ 0
Accrued liabilities		47,291	46,586
Total current liabilities		78,511	59,033
Deferred tax liabilities		31,071	28,324
Other long-term liabilities		4,493	4,423
New market tax credit obligation	[1]	6,383	6,363
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.001 par value, 5,000,000 shares authorized, no shares issued		0	0
Common stock, $.004 par value, 100,000,000 shares authorized, 52,416,014 and 52,224,767 issued and outstanding at June 30, 2021 and December 31, 2020, respectively		210	209
Additional paid-in capital		10,998	5,161
Retained earnings		372,518	345,495
Total stockholders' equity		383,726	350,865
Total liabilities and stockholders' equity		$ 504,184	$ 449,008
[1]	(a) Held by variable interest entities (Note 14)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Stockholders' equity:
Allowance for doubtful accounts	$ 518	$ 506
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.004	$ 0.004
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	52,416,014	52,224,767
Common stock, shares outstanding	52,416,014	52,224,767

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Net Sales	$ 143,876	$ 125,596	$ 259,664	$ 263,079
Cost of sales	101,769	87,465	184,400	182,001
Gross profit	42,107	38,131	75,264	81,078
Selling, general and administrative expenses	16,895	15,939	31,591	31,153
Gain on disposal of assets	0	0	0	(62)
Income from operations	25,212	22,192	43,673	49,987
Interest (expense) income, net	(4)	19	(1)	80
Other income (expense), net	39	32	56	5
Income before taxes	25,247	22,243	43,728	50,072
Income tax provision	4,632	4,439	6,737	10,415
Net income	$ 20,615	$ 17,804	$ 36,991	$ 39,657
Earnings per share:
Basic (usd per share)	$ 0.39	$ 0.34	$ 0.71	$ 0.76
Diluted (usd per share)	0.38	0.34	0.69	0.75
Cash dividends declared per common share (in dollars per share)	$ 0.19	$ 0.19	$ 0.19	$ 0.19
Weighted average shares outstanding:
Basic (in shares)	52,432,822	52,099,694	52,389,989	52,160,348
Diluted (in shares)	53,603,932	52,750,401	53,736,134	52,885,491

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Paid-in Capital	Retained Earnings
Balance (in shares) at Dec. 31, 2019		52,079
Balance at Dec. 31, 2019	$ 290,140	$ 208	$ 3,631	$ 286,301
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	39,657			39,657
Stock options exercised and restricted stock awards granted (in shares)		490
Stock options exercised and restricted stock awards granted	14,173	$ 2	14,171
Share-based compensation	5,694		5,694
Stock repurchased and retired (in shares)		(335)
Stock repurchased and retired	(17,046)	$ (1)	(17,045)	0
Dividends	(9,923)			(9,923)
Balance (in shares) at Jun. 30, 2020		52,234
Balance at Jun. 30, 2020	322,695	$ 209	6,451	316,035
Balance (in shares) at Mar. 31, 2020		52,044
Balance at Mar. 31, 2020	306,323	$ 208	0	306,115
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	17,804			17,804
Stock options exercised and restricted stock awards granted (in shares)		278
Stock options exercised and restricted stock awards granted	9,676	$ 1	9,675
Share-based compensation	3,343		3,343
Stock repurchased and retired (in shares)		(88)
Stock repurchased and retired	(4,528)	$ 0	(6,567)	2,039
Dividends	(9,923)			(9,923)
Balance (in shares) at Jun. 30, 2020		52,234
Balance at Jun. 30, 2020	322,695	$ 209	6,451	316,035
Balance (in shares) at Dec. 31, 2020		52,225
Balance at Dec. 31, 2020	350,865	$ 209	5,161	345,495
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	36,991			36,991
Stock options exercised and restricted stock awards granted (in shares)		361
Stock options exercised and restricted stock awards granted	11,848	$ 2	11,846
Share-based compensation	5,793		5,793
Stock repurchased and retired (in shares)		(170)
Stock repurchased and retired	(11,803)	$ (1)	(11,802)	0
Dividends	(9,968)			(9,968)
Balance (in shares) at Jun. 30, 2021		52,416
Balance at Jun. 30, 2021	383,726	$ 210	10,998	372,518
Balance (in shares) at Mar. 31, 2021		52,424
Balance at Mar. 31, 2021	373,038	$ 210	10,957	361,871
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	20,615			20,615
Stock options exercised and restricted stock awards granted (in shares)		75
Stock options exercised and restricted stock awards granted	2,410	$ 0	2,410
Share-based compensation	3,032		3,032
Stock repurchased and retired (in shares)		(83)
Stock repurchased and retired	(5,401)	$ 0	(5,401)	0
Dividends	(9,968)			(9,968)
Balance (in shares) at Jun. 30, 2021		52,416
Balance at Jun. 30, 2021	$ 383,726	$ 210	$ 10,998	$ 372,518

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating Activities
Net income	$ 36,991	$ 39,657
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	14,924	12,340
Amortization of debt issuance costs	20	20
Provision for credit losses on accounts receivable, net of adjustments	12	76
Provision (recoveries) for excess and obsolete inventories	292	(193)
Share-based compensation	5,793	5,694
Gain on disposal of assets	0	(62)
Foreign currency transaction (gain) loss	(11)	30
Interest income on note receivable	(19)	(12)
Deferred	2,747	5,061
Changes in assets and liabilities:
Accounts receivable	(5,936)	10,929
Income taxes	1,248	(4,382)
Inventories	(5,472)	(11,617)
Prepaid expenses and other	799	(568)
Accounts payable	10,650	2,893
Deferred revenue	574	473
Accrued liabilities	300	2,423
Net cash provided by operating activities	62,912	62,762
Investing Activities
Capital expenditures	(33,157)	(33,510)
Proceeds from sale of property, plant and equipment	2	61
Principal payments from note receivable	29	25
Net cash used in investing activities	(33,126)	(33,424)
Financing Activities
Stock options exercised	11,848	14,173
Repurchase of stock	(10,271)	(15,937)
Employee taxes paid by withholding shares	(1,532)	(1,102)
Net cash provided by (used in) financing activities	45	(2,866)
Net increase in cash, cash equivalents and restricted cash	29,831	26,472
Cash, cash equivalents and restricted cash, beginning of period	82,288	44,373
Cash, cash equivalents and restricted cash, end of period	$ 112,119	$ 70,845

General

General	6 Months Ended
	Jun. 30, 2021
Basis of Presentation and Significant Accounting Policies [Abstract]
General	General Basis of Presentation The accompanying unaudited consolidated financial statements of AAON, Inc., a Nevada corporation, and our operating subsidiaries, all of which are wholly-owned, (collectively, the “Company”) have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the rules and regulations of the Securities and Exchange Commission (“SEC”). Our financial statements consolidate all of our affiliated entities in which we have a controlling financial interest. Because we hold certain rights that give us the power to direct the activities of two variable interest entities ("VIEs") (Note 14) that most significantly impact the VIEs economic performance, combined with a variable interest that gives us the right to receive potentially significant benefits or the obligation to absorb potentially significant losses, we have a controlling financial interest in those VIEs. These financial statements have not been audited by the Company's independent registered public accounting firm, except that the consolidated balance sheet at December 31, 2020 is derived from audited consolidated financial statements. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. The financial statements reflect all adjustments (all of which are of a normal recurring nature) which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of the results that may be expected for a full year. Certain disclosures have been condensed in or omitted from these consolidated financial statements. The accompanying unaudited financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. All intercompany balances and transactions have been eliminated in consolidation. We are engaged in the engineering, manufacturing, marketing, and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls. Use of Estimates 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. Impact of February 2021 Weather In February 2021, record-breaking winter storms affected Oklahoma and Texas, causing sustained below freezing temperatures, hazardous driving conditions, rolling blackouts, water main breaks, and a host of other weather related issues. In addition to significant absenteeism as a result of employees being unable to travel to and from work due to inadequate transportation and/or hazardous road conditions, the Company made the decision to shut down the Tulsa, OK and Longview, TX plants for several days. This decision was based on the expected employee absenteeism as well as the expected rolling blackouts caused by the increased demand on the electrical and natural gas power grids. Although we lost several production days in mid-February 2021, we do not believe that the impact of this weather event will have a material adverse effect on the results of our operations, financial position and cash flows as of and for the year ending December 31, 2021. Impact of COVID-19 Pandemic In March 2020, the World Health Organization characterized the coronavirus ("COVID-19") a pandemic, and the President of the United States declared the COVID-19 outbreak a national emergency. The rapid spread of the pandemic and the continuously evolving responses to combat it have had an increasingly negative impact on the global economy. Our manufacturing operations are considered a critical infrastructure industry, as defined by the U.S. Department of Homeland Security, as such, the decrees issued by national, state, and local governments in response to the COVID-19 pandemic have had minimal impact on our operations except for higher employee absenteeism, mostly in June 2020, in our manufacturing facilities. We maintained continuous operations during the six months ended June 30, 2021, except for the weather related shutdown in February 2021. For the most part, our workers are able to socially distance themselves during the manufacturing process. Additional precautions have been taken to social distance workers that work in close environments and we have facilitated voluntary on-site COVID-19 vaccine clinics. The Company utilizes sanitation stations and performs additional cleaning and sanitation throughout the day and deep cleaning overnight. The magnitude of the impact of COVID-19 remains unpredictable and we, therefore, continue to anticipate potential supply chain disruptions, some employee absenteeism, and additional health and safety costs related to the COVID-19 pandemic that could unfavorably impact our business. Although these disruptions and costs are expected to be temporary, there is uncertainty concerning the duration and overall impact to our business operations. The Company experienced decreased demand in late 2020, however that demand began to rebound in the first quarter of 2021. As COVID-19 restrictions lessened in 2021, we experienced increases in our order intake and minimal disruption to our operations. We witnessed increases in some of our raw material prices which appear to be an impact of COVID-19, and have put in place price increases in our products and continue to make strategic purchases of materials when we see opportunities. We do not believe that the impact of the COVID-19 pandemic will have a material adverse effect on the results of our operations, financial position and cash flows as of and for the year ended December 31, 2021. However, we are continually monitoring the progression of the COVID-19 pandemic and its potential effects on our financial position, results of operations, and cash flows. Accounting Policies A comprehensive discussion of our critical accounting policies and management estimates is included in Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2020. Fair Value Measurements We adopted ASU No. 2018-13, Fair Value Measurements (Topic 820) , as amended, as of January 1, 2020. The ASU includes additional disclosure requirements for unrealized gains and losses for Level 3 fair value measurements and significant observable inputs used to develop Level 3 fair value measurements. There was not a material impact to financial statements upon adoption. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. Fair value is based upon assumptions that market participants would use when pricing an asset or liability. We use the following fair value hierarchy, which prioritizes valuation technique inputs used to measure fair value into three broad levels: • Level 1: Quoted prices in active markets for identical assets and liabilities that we have the ability to access at the measurement date. • Level 2: Inputs (other than quoted prices included within Level 1) that are either directly or indirectly observable for the asset or liability, including (i) quoted prices for similar assets or liabilities in active markets, (ii) quoted prices for identical or similar assets or liabilities in inactive markets, (iii) inputs other than quoted prices that are observable for the asset or liability, and (iv) inputs that are derived from observable market data by correlation or other means. • Level 3: Unobservable inputs for the asset or liability including situations where there is little, if any, market activity for the asset or liability. Items categorized in Level 3 include the estimated fair values of property, plant and equipment, intangible assets, and goodwill acquired in a business combination. The fair value hierarchy gives the highest priority to quoted prices in active markets (Level 1) and the lowest priority to unobservable inputs (Level 3). In some cases, the inputs used to measure fair value might fall into different levels of the fair value hierarchy. The lowest level input that is significant to a fair value measurement determines the applicable level in the fair value hierarchy. Assessing the significance of a particular input to a fair value measurement requires judgment, considering factors specific to the asset or liability. Intangible Assets Our intangible assets include various trademarks, service marks and technical knowledge acquired in our February 2018 business combination. We amortize our intangible assets on a straight-line basis over the estimated useful lives of the assets. We evaluate the carrying value of our amortizable intangible assets for potential impairment when events and circumstances warrant such a review. As of March 31, 2021, our intangible assets were fully amortized. As of December 31, 2020, our intangible assets, net of amortization, were approximately $38.0 thousand. The amount of amortization was $58.0 thousand for the three months ended June 30, 2020 and $38.0 thousand and $117.0 thousand for the six months ended June 30, 2021 and 2020, respectively. Goodwill Goodwill represents the excess of the consideration paid for the acquired business, in our February 2018 business combination, over the fair value of the individual assets acquired, net of liabilities assumed. Goodwill at June 30, 2021 is deductible for income tax purposes. Goodwill is not amortized, but instead is evaluated for impairment at least annually. We perform our annual assessment of impairment during the fourth quarter of our fiscal year, and more frequently if circumstances warrant. As of June 30, 2021 and December 31, 2020, our goodwill was approximately $3.2 million. Recent Accounting Pronouncements Changes to U.S. GAAP are established by the Financial Accounting Standards Board ("FASB") in the form of Accounting Standards Updates ("ASUs") to the FASB's Accounting Standards Codification ("ASC"). We consider the applicability and impact of all ASUs. ASUs were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial statements and notes thereto.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregated net sales by major source: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Rooftop units $ 107,370 $ 99,145 $ 194,795 $ 209,975 Condensing units 7,302 4,505 13,833 9,003 Air handlers 7,265 6,016 13,679 12,263 Outdoor mechanical rooms 764 434 975 1,349 Water source heat pumps 6,425 3,796 11,090 7,499 Part sales 10,717 7,565 18,223 14,078 Other 4,033 4,135 7,069 8,912 Net Sales $ 143,876 $ 125,596 $ 259,664 $ 263,079 Disaggregated units sold by major source: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Rooftop units 4,657 3,746 7,616 7,807 Condensing units 618 446 1,136 854 Air handlers 707 501 1,200 1,011 Outdoor mechanical rooms 13 6 20 16 Water source heat pumps 1,908 1,645 3,532 3,262 Total Units 7,903 6,344 13,504 12,950 The Company recognizes revenue, presented net of sales tax, when it satisfies the performance obligation in its contracts. The primary performance obligation in our contract is delivery of the requested manufactured equipment. Most of the Company’s products are highly customized, cannot be resold to other customers and the cost of rework to be resold is not economical. The Company has a formal cancellation policy and generally does not accept returns on these units. As a result, many of the Company’s products do not have an alternative use and therefore, for these products we recognize revenue over the time it takes to produce the unit. For all other products that are part sales or standardized units, we satisfy the performance obligation when the control is passed to the customer, generally at time of shipment. Final sales prices are fixed based on purchase orders. Sales allowances and customer incentives are treated as reductions to sales and are provided for based on historical experiences and current estimates. Sales of our products are moderately seasonal with the peak period being May-October of each year. We are responsible for billings and collections resulting from all sales transactions, most of which are initiated by our independent manufacturer representatives (“Representatives”). Representatives are national companies that are in the business of providing heating, ventilation, and air conditioning ("HVAC") units and other related products and services to customers. The end user customer orders a bundled group of products and services from the Representative and expects the Representative to fulfill the order. These additional products and services may include, without limitation, controls purchased from another manufacturer to operate the unit, start-up services, and curbs for supporting the unit (“Third Party Products”). All of these items are associated with the purchase of a HVAC unit but may be provided by the Representative or another third party. Only after the specifications are agreed to by the Representative and the customer, and the decision is made to use an AAON HVAC unit, will we receive notice of the order. We establish the amount we must receive for our HVAC unit (“minimum sales price”), but do not control the total order price that is negotiated by the Representative with the end user customer. The Representatives submit the total order price to us for invoicing and collection. The total order price includes our minimum sales price and an additional amount which may include both the Representatives’ fee and amounts due for additional products and services required by the customer. The Company is considered the principal for the equipment we design and manufacture and records that revenue. The Company has no control over the Third Party Products to the end customer and the Company is under no obligation related to the Third Party Products. Amounts related to Third Party Products are not recognized as revenue but are recorded as a liability and are included in accrued liabilities on the consolidated balance sheet. The Representatives’ fee and Third Party Products amounts (“Due to Representatives”) are paid only after all amounts associated with the order are collected from the customer. The amount of payments to our Representatives were $14.0 million and $14.9 million for the three months ended June 30, 2021 and 2020, respectively. The amount of payments to our Representatives were $25.0 million and $27.5 million for the six months ended June 30, 2021 and 2020, respectively. The Company also sells extended warranties on parts for various lengths of time ranging from six months to 10 years. Revenue for these separately priced warranties is deferred and recognized on a straight-line basis over the separately priced warranty period.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivable and the related allowance for credit losses are as follows: June 30, December 31, 2020 (in thousands) Accounts receivable $ 53,829 $ 47,893 Less: Allowance for credit losses (518) (506) Total, net $ 53,311 $ 47,387 Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Allowance for credit losses: (in thousands) Balance, beginning of period $ 493 $ 647 $ 506 $ 353 Provisions (recoveries) for expected credit 25 (218) 12 76 losses, net of adjustments Balance, end of period $ 518 $ 429 $ 518 $ 429

Inventories

Inventories	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are valued at the lower of cost or net realizable value. Cost is determined by the first-in, first-out (“FIFO”) method. We establish an allowance for excess and obsolete inventories based on product line changes, the feasibility of substituting parts and the need for supply and replacement parts. The components of inventories and related changes in the allowance for excess and obsolete inventories account are as follows: June 30, December 31, 2020 (in thousands) Raw materials $ 85,514 $ 76,238 Work in process 1,557 2,088 Finished goods 3,054 7,154 Total, gross 90,125 85,480 Less: Allowance for excess and obsolete inventories (2,726) (3,261) Total, net $ 87,399 $ 82,219 Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Allowance for excess and obsolete inventories: (in thousands) Balance, beginning of period $ 2,304 $ 2,365 $ 3,261 $ 2,644 Provisions (recoveries) for excess and 486 81 292 (193) obsolete inventories Inventories written off (64) (73) (827) (78) Balance, end of period $ 2,726 $ 2,373 $ 2,726 $ 2,373

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Supplemental disclosures: (in thousands) Income taxes paid $ 2,529 $ 6,711 $ 2,742 $ 9,735 Non-cash investing and financing activities: Non-cash capital expenditures 1 $ (2,109) $ 6,046 $ (1,845) $ 5,046 Dividends declared 9,970 $ 9,930 $ 9,970 $ 9,930 1 Includes non-cash changes in accrued capital expenditures

Warranties

Warranties	6 Months Ended
	Jun. 30, 2021
Guarantees [Abstract]
Warranties	Warranties The Company has product warranties with various terms ranging from one year from the date of first use or 18 months for parts to 25 years for certain heat exchangers. The Company has an obligation to replace parts if conditions under the warranty are met. A provision is made for estimated warranty costs at the time the related products are sold based upon the warranty period, historical trends, new products, and any known identifiable warranty issues. Changes in the warranty accrual are as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Warranty accrual: (in thousands) Balance, beginning of period $ 13,525 $ 12,940 $ 13,522 $ 12,652 Payments made (1,545) (1,617) (3,009) (2,794) Provisions 2,028 1,837 3,495 3,302 Balance, end of period $ 14,008 $ 13,160 $ 14,008 $ 13,160 Warranty expense: $ 2,028 $ 1,837 $ 3,495 $ 3,302

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities were comprised of the following: June 30, December 31, 2020 (in thousands) Warranty $ 14,008 $ 13,522 Due to representatives 7,980 8,296 Payroll 8,509 8,155 Profit sharing 2,920 2,902 Worker's compensation 429 594 Medical self-insurance 1,236 1,546 Customer prepayments 5,070 5,067 Donations 224 570 Employee vacation time 3,520 3,321 Other 3,395 2,613 Total $ 47,291 $ 46,586

Revolving Credit Facility

Revolving Credit Facility	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Revolving Credit Facility	Revolving Credit Facility Our revolving credit facility, as amended, provides for maximum borrowings of $30.0 million. Under the line of credit, there is one standby letter of credit totaling $1.8 million. Borrowings available under the revolving credit facility at June 30, 2021 were $28.2 million. Interest on borrowings is payable monthly at LIBOR plus 2.0%. No fees are associated with the unused portion of the committed amount. We had no outstanding balance under the revolving credit facility at June 30, 2021 and December 31, 2020. On July 26, 2021, the Company entered into a new revolving credit facility. The lender, borrowing terms, interest terms on borrowings, standby letter of credit, and fees associated with the unused portion of the committed amount are similar to the previous revolving credit facility. Additionally, the new revolving credit facility includes fallback language clearly defining an alternative reference rate which provides for specified replacement rates, as defined in the revolving credit facility agreement, upon a LIBOR cessation event. At the time of a LIBOR cessation event, the replacement rate self-executes without the need for negotiations or a formal amendment process. The new revolving credit facility also contains financial covenants. As of June 30, 2021, we were in compliance with our financial covenants related to the new revolving credit facility. These financial covenants require that we meet certain parameters related to our consolidated leverage ratio and our consolidated total liabilities to tangible net worth ratio. At June 30, 2021, our consolidated leverage ratio was 0.01 to 1 and met the requirement of being less than 2 to 1. Our consolidated total liabilities to tangible net worth ratio was 0.3 to 1, and met the requirement of being less than 2 to 1.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision (benefit) for income taxes consists of the following: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Current $ 6,543 $ (789) $ 3,990 $ 5,354 Deferred (1,911) 5,228 2,747 5,061 Income tax provision $ 4,632 $ 4,439 $ 6,737 $ 10,415 The provision for income taxes differs from the amount computed by applying the Federal statutory income tax rate before the provision for income taxes. The reconciliation of the Federal statutory income tax rate to the effective income tax rate is as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Federal statutory rate 21.0 % 21.0 % 21.0 % 21.0 % State income taxes, net of Federal benefit (0.2) 4.4 3.0 4.8 Excess tax benefits (1.9) (3.8) (7.8) (3.8) Return to provision adjustments (0.3) — (0.3) — Other (0.3) (1.6) (0.5) (1.2) Effective tax rate 18.3 % 20.0 % 15.4 % 20.8 % On May 21, 2021, the State of Oklahoma enacted House Bill 2960, effectively reducing the corporate income tax rate in Oklahoma from 6% to 4%. As a result of these changes, the Company adjusted its state deferred tax assets and liabilities in the second quarter of 2021 using the newly enacted rate for the periods when they are expected to be realized. This resulted in a benefit of $0.8 million included in the table above under State income taxes, net of Federal benefit. During the six months ended June 30, 2021, the Company recorded an excess tax benefit of $3.4 million as compared to $1.9 million during the same period in 2020, an increase of 78%. The increase was primarily due to timing of stock option exercises as a result of our stock price during the three months ended March 31, 2021. We earn investment tax credits from the state of Oklahoma’s manufacturing property investment program. We use the flow-through method to account for investment tax credits earned on eligible tangible asset expenditures. Under this method, the investment tax credits are recognized as a reduction to our Oklahoma income tax expense in the year they are used. As of June 30, 2021, we have investment tax credit carryforwards of approximately $2.8 million. These credits have estimated expirations ranging from the year 2036 through 2040. The Company's estimated annual 2021 effective tax rate, excluding discrete events, is approximately 25%. We file income tax returns in the U.S., as well as various state and foreign income tax returns jurisdictions. We are subject to U.S. income tax examinations for tax years 2017 to present, and to non-U.S. income tax examinations for the tax years 2016 to present. In addition, we are subject to state and local income tax examinations for the tax years 2016 to present. The Company continues to evaluate its need to file returns in various state jurisdictions. Any interest or penalties would be recognized as a component of income tax expense. Coronavirus Aid, Relief, and Economic Security Act The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted on March 27, 2020, and includes a retroactive correction to the 2017 Tax Cuts and Jobs Act that allows for much faster depreciation of qualified improvement property that is placed in service after December 31, 2017. Under current rules, the calculation of depreciation or repair deductions for prior years can be recomputed and a one-time catch-up adjustment is allowed in the current tax year for missed deductions. The adjustment is the difference between depreciation or repair deductions claimed versus depreciation or repair deductions that could have been claimed by the end of the prior tax year and does not require amending any prior year tax returns. The Company completed the prior year adjustment and the current-year catch up with the 2019 tax return as filed in the fourth quarter of 2020 resulting in a increase to our deferred tax liability of $4.7 million. For tax years 2020 and forward, the Company includes this treatment for our qualified property placed in service. American Rescue Plan Act

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation On May 22, 2007, our stockholders adopted a Long-Term Incentive Plan (“LTIP”) which provided an additional 3.3 million shares that could be granted in the form of stock options, stock appreciation rights, restricted stock awards, performance units and performance awards, in addition to the shares from the previous plan, the 1992 Plan. Under the LTIP, the exercise price of shares granted could not be less than 100% of the fair market value at the date of the grant. On May 24, 2016, our stockholders adopted the 2016 Long-Term Incentive Plan ("2016 Plan") which provides for approximately 8.9 million shares, comprised of 3.4 million new shares provided for under the 2016 Plan, approximately 0.4 million shares that were available for issuance under the previous LTIP that are now authorized for issuance under the 2016 Plan, approximately 2.6 million shares that were approved by the stockholders on May 15, 2018, and an additional 2.5 million shares that were approved by the stockholders on May 12, 2020. Under the 2016 Plan, shares can be granted in the form of stock options, stock appreciation rights, restricted stock awards, performance awards, dividend equivalent rights, and other awards. Under the 2016 Plan, the exercise price of shares granted may not be less than 100% of the fair market value at the date of the grant. The 2016 Plan is administered by the Compensation Committee of the Board of Directors or such other committee of the Board of Directors as is designated by the Board of Directors (the “Committee”). Membership on the Committee is limited to independent directors. The Committee will determine the persons to whom awards are to be made, determine the type, size and terms of awards, interpret the 2016 Plan, establish and revise rules and regulations relating to the 2016 Plan and make any other determinations that it believes necessary for the administration of the 2016 Plan. The Committee may delegate certain duties to one or more officers of the Company as provided in the 2016 Plan. Options The total pre-tax compensation cost related to unvested stock options not yet recognized as of June 30, 2021 is $22.0 million and is expected to be recognized over a weighted average period of approximately 2.7 years. The following weighted average assumptions were used to determine the fair value of the stock options granted on the original grant date for expense recognition purposes for options granted during the six months ended June 30, 2021 and 2020 using a Black Scholes-Merton Model: Six months ended June 30, 2021 June 30, 2020 Directors and SLT 1 : Expected dividend rate $0.38 $0.33 Expected volatility 35.78% 31.63% Risk-free interest rate 0.51% 0.64% Expected life (in years) 4.0 5.0 Employees: Expected dividend rate $0.38 $0.32 Expected volatility 38.70% 31.23% Risk-free interest rate 0.30% 0.69% Expected life (in years) 3.0 5.0 1 Senior Leadership Team ("SLT") consist of officers and key members of management. The expected term of the options is based on evaluations of historical and expected future employee exercise behavior. The risk-free interest rate is based on the U.S. Treasury rates at the date of grant with maturity dates approximately equal to the expected life at the grant date. Volatility is based on historical volatility of our stock over time periods equal to the expected life at grant date. The following is a summary of stock options vested and exercisable as of June 30, 2021: Range of Number Weighted Average Remaining Contractual Life (in years) Weighted Intrinsic Value ( in thousands ) $ 7.18 - $ 40.87 628,083 5.17 $ 30.25 $ 20,313 $ 41.37 - $ 41.37 441,965 7.00 41.37 9,379 $ 42.42 - $ 75.00 146,869 8.61 44.84 2,607 Total 1,216,917 6.25 $ 36.05 $ 32,299 The following is a summary of stock options vested and exercisable as of June 30, 2020: Range of Number Weighted Average Remaining Contractual Life (in years) Weighted Intrinsic Value ( in thousands ) $ 7.18 - $ 36.95 592,236 5.76 $ 27.90 $ 15,632 $ 37.00 - $ 40.87 6,518 3.29 38.16 105 $ 41.37 - $ 57.82 260,412 8.30 41.46 3,340 Total 859,166 6.51 $ 32.09 $ 19,077 A summary of stock option activity under the plans is as follows: Stock Options Shares Weighted Outstanding at December 31, 2020 3,752,945 $ 39.00 Granted 352,258 73.08 Exercised (335,563) 35.31 Forfeited or Expired (95,846) 48.92 Outstanding at June 30, 2021 3,673,794 $ 42.35 Exercisable at June 30, 2021 1,216,917 $ 36.05 The total intrinsic value of options exercised during the six months ended June 30, 2021 and 2020 was $12.7 million and $8.8 million, respectively. The cash received from options exercised during the six months ended June 30, 2021 and 2020 was $11.8 million and $14.2 million, respectively. The impact of these cash receipts is included in financing activities in the accompanying Consolidated Statements of Cash Flows. Performance Awards We have awarded performance restricted stock units ("PSUs") to certain officers and key employees under our 2016 Plan. Unlike our restricted stock awards, these PSUs are not considered legally outstanding and do not accrue dividends during the vesting period. These PSUs vest based on the level of achievement with respect to the Company's three year total shareholder return ("TSR") benchmarked against similar companies included in the capital goods sector of the S&P SmallCap 600 Index. The TSR measurement period is the three years ending December 31, 2023. At the end of the measurement period, each award will be converted into common stock at 0% to 200% of the PSUs held, depending on overall TSR as compared to the S&P SmallCap 600 Index benchmark companies. The total pre-tax compensation cost related to unvested PSUs not yet recognized as of June 30, 2021 is $1.3 million and is expected to be recognized over a weighted average period of approximately 2.4 years. The following weighted average assumptions were used to determine the fair value of the PSUs granted on the original grant date for expense recognition purposes for PSUs granted during the six months ended June 30, 2021 using a Monte Carlo Model: Six months ended June 30, 2021 Expected dividend rate $0.38 Expected volatility 39.10% Risk-free interest rate 0.28% Expected life (in years) 2.80 The expected term of the PSUs is based on the remaining performance period ending December 31, 2023. The risk-free interest rate is based on the U.S. Treasury rates at the date of grant with maturity dates approximately equal to the expected life at the grant date. Volatility is based on historical volatility of our stock over time periods equal to the expected life at grant date. A summary of the unvested PSUs is as follows: Shares Weighted Unvested at December 31, 2020 — $ — Granted 18,114 87.78 Vested — — Forfeited (1,632) 87.78 Unvested at June 30, 2021 16,482 $ 87.78 Restricted Stock The fair value of restricted stock awards is based on the fair market value of AAON, Inc. common stock on the respective grant dates, reduced for the present value of dividends. At June 30, 2021, unrecognized compensation cost related to unvested restricted stock awards was approximately $5.4 million, which is expected to be recognized over a weighted average period of approximately 2.6 years. A summary of the unvested restricted stock awards is as follows: Shares Weighted Unvested at December 31, 2020 224,691 $ 38.22 Granted 31,397 69.22 Vested (89,295) 35.84 Forfeited (5,690) 51.19 Unvested at June 30, 2021 161,103 $ 45.12 Share-Based Compensation A summary of share-based compensation is as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Grant date fair value of awards during the period: (in thousands) Options $ 205 $ 1,169 $ 6,718 $ 12,074 Performance awards 84 — 1,590 — Restricted stock 773 806 2,173 3,316 Total $ 1,062 $ 1,975 $ 10,481 $ 15,390 Share-based compensation expense: Options $ 2,264 $ 2,296 $ 4,427 $ 3,928 Performance awards 148 — 189 — Restricted stock 620 1,047 1,177 1,766 Total $ 3,032 $ 3,343 $ 5,793 $ 5,694 Income tax benefit/(deficiency) related to share-based compensation: Options $ 275 $ 680 $ 2,570 $ 1,411 Restricted stock 204 160 819 494 Total $ 479 $ 840 $ 3,389 $ 1,905 Share-based compensation expense is recognized on a straight-line basis over the service period of the related stock options and restricted stock awards. Historically, stock options and restricted stock awards, granted to employees, vest at a rate of 20% per year. Restricted stock awards granted to directors historically vest one-third each year or, if granted on or after May 2019, vest over the shorter of directors' remaining elected term or one-third each year. As of March 2021, all new grants of stock options and restricted stock awards, granted to employees, vest at a rate of 33.3% per year. Forfeitures are accounted for as they occur. Historically, if the employee or director is retirement eligible (as defined by the applicable LTIP or 2016 Plan) or becomes retirement eligible during service period of the related stock options and restricted stock award, the service period (and compensation expense recognition) is the lesser of 1) the grant date, if retirement eligible on grant date, or 2) the period between grant date and retirement eligible date. All stock options and restricted stock awards granted on or after March 1, 2020 to retirement eligible employees or directors contain a one Share-based compensation expense is recognized on a straight-line basis over the service period of the performance awards. The performance awards cliff vest at the end of the performance period. The performance awards are subject to several service conditions and market conditions, as defined by the performance restricted stock unit agreement, which allows the holder to retain a pro-rata amount of awards as a result of certain termination conditions, retirement, change in common control or death. Forfeitures are accounted for as they occur.

Employee Benefits

Employee Benefits	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Employee Benefits	Employee Benefits Defined Contribution Plan - 401(k ) We sponsor a defined contribution plan (the “Plan”). Eligible employees may make contributions in accordance with the Plan and IRS guidelines. In addition to the traditional 401(k), eligible employees are given the option of making an after-tax contribution to a Roth 401(k) or a combination of both. The Plan provides for automatic enrollment and for an automatic increase to the deferral percentage at January 1st of each year and each year thereafter. Eligible employees are automatically enrolled in the Plan at a 6% deferral rate and currently contributing employees deferral rates will be increased to 6% unless their current rate is above 6% or the employee elects to decline the automatic enrollment or increase. Administrative expenses are paid for by Plan participants. The Company paid no administrative expenses during the six months ended June 30, 2021 and 2020. The Company matches 175% up to 6% of employee contributions of eligible compensation. Additionally, Plan participant forfeitures are used to reduce the cost of the Company contributions. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Contributions, net of forfeitures, made to the defined contribution plan $ 2,118 $ 2,099 $ 4,398 $ 4,549 Profit Sharing Bonus Plan We maintain a discretionary profit sharing bonus plan under which approximately 10% of pre-tax profit is paid to eligible employees on a quarterly basis in order to reward employee productivity. Eligible employees are regular full-time employees who are actively employed and working on the first and last days of the calendar quarter and who were employed full-time for at least three full months prior to the beginning of the calendar quarter, excluding the Company's SLT. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Profit sharing bonus plan expense $ 2,919 $ 2,524 $ 5,051 $ 5,691 Employee Medical Plan We self-insure for our employees' health insurance. Eligible employees are regular full-time employees who are actively employed and working. Participants are expected to pay a portion of the premium costs for coverage of the benefits provided under the Plan. We estimate our self-insurance liabilities using an analysis provided by our claims administrator and our historical claims experience. In addition, the Company matches 175% of a participating employee's allowed contributions to a qualified health saving account to assist employees with our health insurance plan deductibles. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Medical claim payments $ 2,033 $ 1,983 $ 3,846 $ 3,858 Health saving account contributions 876 899 1,733 1,773

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic net income per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share assumes the conversion of all potentially dilutive securities and is calculated by dividing net income by the sum of the weighted average number of shares of common stock outstanding plus all potentially dilutive securities. Dilutive common shares consist primarily of stock options and restricted stock awards. The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Numerator: (in thousands, except share and per share data) Net income $ 20,615 $ 17,804 $ 36,991 $ 39,657 Denominator: Basic weighted average shares 52,432,822 52,099,694 52,389,989 52,160,348 Effect of dilutive stock options and restricted stock 1,171,110 650,707 1,346,145 725,143 Diluted weighted average shares 53,603,932 52,750,401 53,736,134 52,885,491 Earnings per share: Basic $ 0.39 $ 0.34 $ 0.71 $ 0.76 Diluted $ 0.38 $ 0.34 $ 0.69 $ 0.75 Anti-dilutive shares: Shares 397,656 1,047,616 249,140 650,526

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Stock Repurchases The Board has authorized three stock repurchase programs for the Company. The Company may purchase shares on the open market from time to time, up to a total of 5.7 million shares. The Board must authorize the timing and amount of these purchases and all repurchases are in accordance with the rules and regulations of the SEC allowing the Company to repurchase shares from the open market. Our open market repurchase programs are as follows: Effective Date Authorized Repurchase $ Expiration Date May 16, 2018 1 $15 million March 1, 2019 March 5, 2019 1 $20 million March 4, 2020 March 13, 2020 $20 million ** 2 1 The 2018 and 2019 purchase authorizations were executed under 10b5-1 programs. 2 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. The Company also has a stock repurchase arrangement by which employee-participants in our 401(k) savings and investment plan are entitled to have shares of AAON, Inc. stock in their accounts sold to the Company. The maximum number of shares to be repurchased is contingent upon the number of shares sold by employee-participants. Lastly, the Company repurchases shares of AAON, Inc. stock from certain of its directors and employees for payment of statutory tax withholdings on stock transactions. All other repurchases from directors or employees are contingent upon Board approval. All repurchases are done at current market prices. Our repurchase activity is as follows: Six Months Ended June 30, 2021 June 30, 2020 (in thousands, except share and per share data) Program Shares Total $ $ per share Shares Total $ $ per share Open market — $ — $ — 103,689 $ 4,987 $ 48.10 401(k) 148,317 10,271 69.25 208,604 10,957 52.53 Directors and employees 21,706 1,532 70.58 22,147 1,102 49.76 Total 170,023 $ 11,803 $ 69.42 334,440 $ 17,046 $ 50.97 Our repurchase activity since Company inception, including our current authorized stock repurchase programs, are as follows: Inception to June 30, 2021 (in thousands, except share and per share data) Program Shares Total $ $ per share Open market 4,205,255 $ 74,793 $ 17.79 401(k) 8,054,977 155,271 19.28 Directors and employees 2,026,907 22,283 10.99 Total 14,287,139 $ 252,347 $ 17.66 Subsequent to June 30, 2021 and through August 2, 2021, the Company repurchased 20,970 shares for $1.3 million from our 401(k) savings and investment plan. Dividends At the discretion of the Board, we pay semi-annual cash dividends. Board approval is required to determine the date of declaration and amount for each semi-annual dividend payment. Our recent dividends are as follows: Declaration Date Record Date Payment Date Dividend per Share May 15, 2020 June 3, 2020 July 1, 2020 $0.19 November 10, 2020 November 27, 2020 December 18, 2020 $0.19 May 17, 2021 June 3, 2021 July 1, 2021 $0.19

New Market Tax Credit

New Market Tax Credit	6 Months Ended
	Jun. 30, 2021
New Market Tax Credit [Abstract]
New Market Tax Credit	New Markets Tax Credit On October 24, 2019, the Company entered into a transaction with a subsidiary of an unrelated third-party financial institution (the “Investor”) and a certified Community Development Entity under a qualified New Markets Tax Credit (“NMTC”) program pursuant to Section 45D of the Internal Revenue Code of 1986, as amended, related to an investment in plant and equipment to facilitate the expansion of our Longview, Texas manufacturing operations (the “Project”). In connection with the NMTC transaction, the Company received a $23.0 million NMTC allocation for the Project and secured low interest financing and the potential for future debt forgiveness related to the Project. Upon closing of the NMTC transaction, the Company provided an aggregate of approximately $15.9 million to the Investor, in the form of a loan receivable, with a term of twenty-five years, bearing an interest rate of 1.0%. This $15.9 million in proceeds plus capital contributed from the Investor was used to make an aggregate $22.5 million loan to a subsidiary of the Company. This financing arrangement is secured by equipment at the Company's Longview, Texas facilities and a guarantee from the Company, including an unconditional guarantee of NMTCs. This transaction also includes a put/call feature that either of which can be exercised at the end of the seven-year compliance period. The Investor may exercise its put option or the Company can exercise the call, both of which could serve to trigger forgiveness of a portion of the debt. The Investor's interest of $6.3 million is recorded in New market tax credit obligation on the consolidated balance sheet. The Company incurred approximately $0.3 million of debt issuance costs related to the above transactions, which are being amortized over the life of the transaction. The Investor is subject to 100 percent recapture of the NMTC it receives for a period of seven years, as provided in the Internal Revenue Code and applicable U.S. Treasury regulations in the event that the financing facility of the Borrower under the transaction (AAON Coil Products, Inc.) becomes ineligible for NMTC treatment per the Internal Revenue Code requirements. The Company is required to be in compliance with various regulations and contractual provisions that apply to the NMTC arrangement. Noncompliance with applicable requirements could result in the Investor’s projected tax benefits not being realized and, therefore, require the Company to indemnify the Investor for any loss or recapture of the NMTC related to the financing until such time as the recapture provisions have expired under the applicable statute of limitations. The Company does not anticipate any credit recapture will be required in connection with this financing arrangement. The Investor and its majority owned community development entity are considered VIEs and the Company is the primary beneficiary of the VIEs. Because the Company is the primary beneficiary of the VIEs, they have been included in the consolidated financial statements. There are no other assets, liabilities or transaction in these VIEs outside of the financing transactions executed as part of the NMTC arrangement.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are subject to various claims and legal actions that arise in the ordinary course of business. We closely monitor these claims and legal actions and frequently consult with our legal counsel to determine whether they may, when resolved, have a material adverse effect on our financial position, results of operations or cash flows and we accrue and/or disclose loss contingencies as appropriate. We have concluded that the likelihood is remote that the ultimate resolution of any pending litigation or claims will be material or have a material adverse effect on the Company's business, financial position, results of operations and/or cash flows. We are occasionally party to short-term, cancellable and occasionally non-cancellable, fixed price contracts with major suppliers for the purchase of raw material and component parts. We expect to receive delivery of raw materials for use in our manufacturing operations. These contracts are not accounted for as derivative instruments because they meet the normal purchase and normal sales exemption. We had no material contractual purchase obligations as of June 30, 2021.

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Parties	Related PartiesThe Company purchases some supplies from an entity controlled by the Company’s Executive Chairman. The Company sometimes makes sales to the Executive Chairman for parts. Additionally, the Company sells units to an entity owned by a member of the CEO/President's immediate family. This entity is also one of the Company’s Representatives and as such, the Company makes payments to the entity for third party products. The following is a summary of transactions and balance with affiliates: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Sales to affiliates $ 246 $ 1,235 $ 812 $ 1,888 Payments to affiliates 57 38 130 97 June 30, December 31, (in thousands) Due from affiliates $ 39 $ 342 Due to affiliates — —

Segments

Segments	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segments	Segments The following table summarizes certain financial data related to our segments. Transactions between segments are recorded based on prices negotiated between the segments. Sales of units represent the selling price of our units plus freight and other miscellaneous charges less any returns and allowances. Parts include sales of purchased and fabricated parts including our coils along with the related freight and less any returns and allowances. The “Other” category in the table below includes certain expenses that are not allocated to the reportable segments and are primarily engineering related expenses. Asset information by segment is not easily identifiable or reviewed by the chief operating decision maker. As such, this information is not included below. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Sales Units $ 132,861 $ 117,720 $ 240,735 $ 248,440 Parts - External 11,411 8,060 19,392 14,940 Parts - Inter-segment 6,790 5,629 12,680 12,415 Other (396) (184) (463) (301) Eliminations (6,790) (5,629) (12,680) (12,415) Net sales $ 143,876 $ 125,596 $ 259,664 $ 263,079 Gross Profit Units $ 42,122 $ 40,794 $ 76,080 $ 86,848 Parts - External 4,363 3,547 7,313 6,724 Parts - Inter-segment (192) (434) (161) (829) Other (4,378) (6,210) (8,129) (12,494) Eliminations 192 434 161 829 Net gross profit $ 42,107 $ 38,131 $ 75,264 $ 81,078

General (Policies)

General (Policies)	6 Months Ended
	Jun. 30, 2021
Basis of Presentation and Significant Accounting Policies [Abstract]
Use of Estimates	Use of Estimates 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.
Fair Value Measurements	Fair Value Measurements We adopted ASU No. 2018-13, Fair Value Measurements (Topic 820) , as amended, as of January 1, 2020. The ASU includes additional disclosure requirements for unrealized gains and losses for Level 3 fair value measurements and significant observable inputs used to develop Level 3 fair value measurements. There was not a material impact to financial statements upon adoption. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. Fair value is based upon assumptions that market participants would use when pricing an asset or liability. We use the following fair value hierarchy, which prioritizes valuation technique inputs used to measure fair value into three broad levels: • Level 1: Quoted prices in active markets for identical assets and liabilities that we have the ability to access at the measurement date. • Level 2: Inputs (other than quoted prices included within Level 1) that are either directly or indirectly observable for the asset or liability, including (i) quoted prices for similar assets or liabilities in active markets, (ii) quoted prices for identical or similar assets or liabilities in inactive markets, (iii) inputs other than quoted prices that are observable for the asset or liability, and (iv) inputs that are derived from observable market data by correlation or other means. • Level 3: Unobservable inputs for the asset or liability including situations where there is little, if any, market activity for the asset or liability. Items categorized in Level 3 include the estimated fair values of property, plant and equipment, intangible assets, and goodwill acquired in a business combination. The fair value hierarchy gives the highest priority to quoted prices in active markets (Level 1) and the lowest priority to unobservable inputs (Level 3). In some cases, the inputs used to measure fair value might fall into different levels of the fair
Intangible Assets	Intangible Assets Our intangible assets include various trademarks, service marks and technical knowledge acquired in our February 2018 business combination. We amortize our intangible assets on a straight-line basis over the estimated useful lives of the assets. We evaluate the carrying value of our amortizable intangible assets for potential impairment when events and circumstances warrant such a review. As of March 31, 2021, our intangible assets were fully amortized. As of December 31, 2020, our intangible assets, net of amortization, were approximately $38.0 thousand. The amount of amortization was $58.0 thousand for the three months ended June 30, 2020 and $38.0 thousand and $117.0 thousand for the six months ended June 30, 2021 and 2020, respectively.
Goodwill	Goodwill Goodwill represents the excess of the consideration paid for the acquired business, in our February 2018 business combination, over the fair value of the individual assets acquired, net of liabilities assumed. Goodwill at June 30, 2021 is deductible for income tax purposes. Goodwill is not amortized, but instead is evaluated for impairment at least annually. We perform our annual assessment of impairment during the fourth quarter of our fiscal year, and more frequently if circumstances warrant. As of June 30, 2021 and December 31, 2020, our goodwill was approximately $3.2 million.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Changes to U.S. GAAP are established by the Financial Accounting Standards Board ("FASB") in the form of Accounting Standards Updates ("ASUs") to the FASB's Accounting Standards Codification ("ASC"). We consider the applicability and impact of all ASUs. ASUs were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial statements and notes thereto.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Disaggregated net sales by major source: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Rooftop units $ 107,370 $ 99,145 $ 194,795 $ 209,975 Condensing units 7,302 4,505 13,833 9,003 Air handlers 7,265 6,016 13,679 12,263 Outdoor mechanical rooms 764 434 975 1,349 Water source heat pumps 6,425 3,796 11,090 7,499 Part sales 10,717 7,565 18,223 14,078 Other 4,033 4,135 7,069 8,912 Net Sales $ 143,876 $ 125,596 $ 259,664 $ 263,079 Disaggregated units sold by major source: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Rooftop units 4,657 3,746 7,616 7,807 Condensing units 618 446 1,136 854 Air handlers 707 501 1,200 1,011 Outdoor mechanical rooms 13 6 20 16 Water source heat pumps 1,908 1,645 3,532 3,262 Total Units 7,903 6,344 13,504 12,950

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Accounts Receivable	June 30, December 31, 2020 (in thousands) Accounts receivable $ 53,829 $ 47,893 Less: Allowance for credit losses (518) (506) Total, net $ 53,311 $ 47,387
Allowance for Doubtful Accounts	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Allowance for credit losses: (in thousands) Balance, beginning of period $ 493 $ 647 $ 506 $ 353 Provisions (recoveries) for expected credit 25 (218) 12 76 losses, net of adjustments Balance, end of period $ 518 $ 429 $ 518 $ 429

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Inventories	The components of inventories and related changes in the allowance for excess and obsolete inventories account are as follows: June 30, December 31, 2020 (in thousands) Raw materials $ 85,514 $ 76,238 Work in process 1,557 2,088 Finished goods 3,054 7,154 Total, gross 90,125 85,480 Less: Allowance for excess and obsolete inventories (2,726) (3,261) Total, net $ 87,399 $ 82,219
Inventories (Allowance)	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Allowance for excess and obsolete inventories: (in thousands) Balance, beginning of period $ 2,304 $ 2,365 $ 3,261 $ 2,644 Provisions (recoveries) for excess and 486 81 292 (193) obsolete inventories Inventories written off (64) (73) (827) (78) Balance, end of period $ 2,726 $ 2,373 $ 2,726 $ 2,373

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Supplemental disclosures: (in thousands) Income taxes paid $ 2,529 $ 6,711 $ 2,742 $ 9,735 Non-cash investing and financing activities: Non-cash capital expenditures 1 $ (2,109) $ 6,046 $ (1,845) $ 5,046 Dividends declared 9,970 $ 9,930 $ 9,970 $ 9,930 1 Includes non-cash changes in accrued capital expenditures

Warranties (Tables)

Warranties (Tables)	6 Months Ended
	Jun. 30, 2021
Guarantees [Abstract]
Warranty	Changes in the warranty accrual are as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Warranty accrual: (in thousands) Balance, beginning of period $ 13,525 $ 12,940 $ 13,522 $ 12,652 Payments made (1,545) (1,617) (3,009) (2,794) Provisions 2,028 1,837 3,495 3,302 Balance, end of period $ 14,008 $ 13,160 $ 14,008 $ 13,160 Warranty expense: $ 2,028 $ 1,837 $ 3,495 $ 3,302

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued liabilities were comprised of the following: June 30, December 31, 2020 (in thousands) Warranty $ 14,008 $ 13,522 Due to representatives 7,980 8,296 Payroll 8,509 8,155 Profit sharing 2,920 2,902 Worker's compensation 429 594 Medical self-insurance 1,236 1,546 Customer prepayments 5,070 5,067 Donations 224 570 Employee vacation time 3,520 3,321 Other 3,395 2,613 Total $ 47,291 $ 46,586

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The provision (benefit) for income taxes consists of the following: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Current $ 6,543 $ (789) $ 3,990 $ 5,354 Deferred (1,911) 5,228 2,747 5,061 Income tax provision $ 4,632 $ 4,439 $ 6,737 $ 10,415
Schedule of Effective Income Tax Rate Reconciliation	The reconciliation of the Federal statutory income tax rate to the effective income tax rate is as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Federal statutory rate 21.0 % 21.0 % 21.0 % 21.0 % State income taxes, net of Federal benefit (0.2) 4.4 3.0 4.8 Excess tax benefits (1.9) (3.8) (7.8) (3.8) Return to provision adjustments (0.3) — (0.3) — Other (0.3) (1.6) (0.5) (1.2) Effective tax rate 18.3 % 20.0 % 15.4 % 20.8 %

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Summary of Stock Option Assumptions	The following weighted average assumptions were used to determine the fair value of the stock options granted on the original grant date for expense recognition purposes for options granted during the six months ended June 30, 2021 and 2020 using a Black Scholes-Merton Model: Six months ended June 30, 2021 June 30, 2020 Directors and SLT 1 : Expected dividend rate $0.38 $0.33 Expected volatility 35.78% 31.63% Risk-free interest rate 0.51% 0.64% Expected life (in years) 4.0 5.0 Employees: Expected dividend rate $0.38 $0.32 Expected volatility 38.70% 31.23% Risk-free interest rate 0.30% 0.69% Expected life (in years) 3.0 5.0 1 Senior Leadership Team ("SLT") consist of officers and key members of management. The following weighted average assumptions were used to determine the fair value of the PSUs granted on the original grant date for expense recognition purposes for PSUs granted during the six months ended June 30, 2021 using a Monte Carlo Model: Six months ended June 30, 2021 Expected dividend rate $0.38 Expected volatility 39.10% Risk-free interest rate 0.28% Expected life (in years) 2.80
Summary of Stock Options Outstanding	The following is a summary of stock options vested and exercisable as of June 30, 2021: Range of Number Weighted Average Remaining Contractual Life (in years) Weighted Intrinsic Value ( in thousands ) $ 7.18 - $ 40.87 628,083 5.17 $ 30.25 $ 20,313 $ 41.37 - $ 41.37 441,965 7.00 41.37 9,379 $ 42.42 - $ 75.00 146,869 8.61 44.84 2,607 Total 1,216,917 6.25 $ 36.05 $ 32,299 The following is a summary of stock options vested and exercisable as of June 30, 2020: Range of Number Weighted Average Remaining Contractual Life (in years) Weighted Intrinsic Value ( in thousands ) $ 7.18 - $ 36.95 592,236 5.76 $ 27.90 $ 15,632 $ 37.00 - $ 40.87 6,518 3.29 38.16 105 $ 41.37 - $ 57.82 260,412 8.30 41.46 3,340 Total 859,166 6.51 $ 32.09 $ 19,077
Summary of Stock Option Activity	A summary of stock option activity under the plans is as follows: Stock Options Shares Weighted Outstanding at December 31, 2020 3,752,945 $ 39.00 Granted 352,258 73.08 Exercised (335,563) 35.31 Forfeited or Expired (95,846) 48.92 Outstanding at June 30, 2021 3,673,794 $ 42.35 Exercisable at June 30, 2021 1,216,917 $ 36.05
Summary of Unvested Restricted Stock Awards	A summary of the unvested restricted stock awards is as follows: Shares Weighted Unvested at December 31, 2020 224,691 $ 38.22 Granted 31,397 69.22 Vested (89,295) 35.84 Forfeited (5,690) 51.19 Unvested at June 30, 2021 161,103 $ 45.12
Schedule of Nonvested Performance-based Units Activity	A summary of the unvested PSUs is as follows: Shares Weighted Unvested at December 31, 2020 — $ — Granted 18,114 87.78 Vested — — Forfeited (1,632) 87.78 Unvested at June 30, 2021 16,482 $ 87.78
Summary of Share-Based Compensation Expense	A summary of share-based compensation is as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Grant date fair value of awards during the period: (in thousands) Options $ 205 $ 1,169 $ 6,718 $ 12,074 Performance awards 84 — 1,590 — Restricted stock 773 806 2,173 3,316 Total $ 1,062 $ 1,975 $ 10,481 $ 15,390 Share-based compensation expense: Options $ 2,264 $ 2,296 $ 4,427 $ 3,928 Performance awards 148 — 189 — Restricted stock 620 1,047 1,177 1,766 Total $ 3,032 $ 3,343 $ 5,793 $ 5,694 Income tax benefit/(deficiency) related to share-based compensation: Options $ 275 $ 680 $ 2,570 $ 1,411 Restricted stock 204 160 819 494 Total $ 479 $ 840 $ 3,389 $ 1,905

Employee Benefits (Tables)

Employee Benefits (Tables)	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Schedule of Contributions Made to Defined Contribution Plan	The Company matches 175% up to 6% of employee contributions of eligible compensation. Additionally, Plan participant forfeitures are used to reduce the cost of the Company contributions. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Contributions, net of forfeitures, made to the defined contribution plan $ 2,118 $ 2,099 $ 4,398 $ 4,549
Schedule of Profit Sharing Bonus Plan	We maintain a discretionary profit sharing bonus plan under which approximately 10% of pre-tax profit is paid to eligible employees on a quarterly basis in order to reward employee productivity. Eligible employees are regular full-time employees who are actively employed and working on the first and last days of the calendar quarter and who were employed full-time for at least three full months prior to the beginning of the calendar quarter, excluding the Company's SLT. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Profit sharing bonus plan expense $ 2,919 $ 2,524 $ 5,051 $ 5,691
Schedule of Employee Medical Plan	We self-insure for our employees' health insurance. Eligible employees are regular full-time employees who are actively employed and working. Participants are expected to pay a portion of the premium costs for coverage of the benefits provided under the Plan. We estimate our self-insurance liabilities using an analysis provided by our claims administrator and our historical claims experience. In addition, the Company matches 175% of a participating employee's allowed contributions to a qualified health saving account to assist employees with our health insurance plan deductibles. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Medical claim payments $ 2,033 $ 1,983 $ 3,846 $ 3,858 Health saving account contributions 876 899 1,733 1,773

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Numerator: (in thousands, except share and per share data) Net income $ 20,615 $ 17,804 $ 36,991 $ 39,657 Denominator: Basic weighted average shares 52,432,822 52,099,694 52,389,989 52,160,348 Effect of dilutive stock options and restricted stock 1,171,110 650,707 1,346,145 725,143 Diluted weighted average shares 53,603,932 52,750,401 53,736,134 52,885,491 Earnings per share: Basic $ 0.39 $ 0.34 $ 0.71 $ 0.76 Diluted $ 0.38 $ 0.34 $ 0.69 $ 0.75 Anti-dilutive shares: Shares 397,656 1,047,616 249,140 650,526

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of Market Repurchase	Our open market repurchase programs are as follows: Effective Date Authorized Repurchase $ Expiration Date May 16, 2018 1 $15 million March 1, 2019 March 5, 2019 1 $20 million March 4, 2020 March 13, 2020 $20 million ** 2 1 The 2018 and 2019 purchase authorizations were executed under 10b5-1 programs. 2 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.
Schedule of Share Repurchases	Our repurchase activity is as follows: Six Months Ended June 30, 2021 June 30, 2020 (in thousands, except share and per share data) Program Shares Total $ $ per share Shares Total $ $ per share Open market — $ — $ — 103,689 $ 4,987 $ 48.10 401(k) 148,317 10,271 69.25 208,604 10,957 52.53 Directors and employees 21,706 1,532 70.58 22,147 1,102 49.76 Total 170,023 $ 11,803 $ 69.42 334,440 $ 17,046 $ 50.97 Our repurchase activity since Company inception, including our current authorized stock repurchase programs, are as follows: Inception to June 30, 2021 (in thousands, except share and per share data) Program Shares Total $ $ per share Open market 4,205,255 $ 74,793 $ 17.79 401(k) 8,054,977 155,271 19.28 Directors and employees 2,026,907 22,283 10.99 Total 14,287,139 $ 252,347 $ 17.66
Schedule of Dividends Payable	Our recent dividends are as follows: Declaration Date Record Date Payment Date Dividend per Share May 15, 2020 June 3, 2020 July 1, 2020 $0.19 November 10, 2020 November 27, 2020 December 18, 2020 $0.19 May 17, 2021 June 3, 2021 July 1, 2021 $0.19

Related Parties (Tables)

Related Parties (Tables)	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following is a summary of transactions and balance with affiliates: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Sales to affiliates $ 246 $ 1,235 $ 812 $ 1,888 Payments to affiliates 57 38 130 97 June 30, December 31, (in thousands) Due from affiliates $ 39 $ 342 Due to affiliates — —

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following table summarizes certain financial data related to our segments. Transactions between segments are recorded based on prices negotiated between the segments. Sales of units represent the selling price of our units plus freight and other miscellaneous charges less any returns and allowances. Parts include sales of purchased and fabricated parts including our coils along with the related freight and less any returns and allowances. The “Other” category in the table below includes certain expenses that are not allocated to the reportable segments and are primarily engineering related expenses. Asset information by segment is not easily identifiable or reviewed by the chief operating decision maker. As such, this information is not included below. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) Sales Units $ 132,861 $ 117,720 $ 240,735 $ 248,440 Parts - External 11,411 8,060 19,392 14,940 Parts - Inter-segment 6,790 5,629 12,680 12,415 Other (396) (184) (463) (301) Eliminations (6,790) (5,629) (12,680) (12,415) Net sales $ 143,876 $ 125,596 $ 259,664 $ 263,079 Gross Profit Units $ 42,122 $ 40,794 $ 76,080 $ 86,848 Parts - External 4,363 3,547 7,313 6,724 Parts - Inter-segment (192) (434) (161) (829) Other (4,378) (6,210) (8,129) (12,494) Eliminations 192 434 161 829 Net gross profit $ 42,107 $ 38,131 $ 75,264 $ 81,078

General (Details)

General (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)numberOfVIEs	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Basis of Presentation and Significant Accounting Policies [Abstract]
Number of variable interest entities with directed activities | numberOfVIEs		2
Intangible assets, net				$ 38,000
Amortization of intangible assets	$ 58,000	$ 38,000	$ 117,000
Goodwill		$ 3,200,000		$ 3,200,000

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregated Net Sales (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)unit	Jun. 30, 2020USD ($)unit	Jun. 30, 2021USD ($)unit	Jun. 30, 2020USD ($)unit
Disaggregation of Revenue [Line Items]
Net Sales	$ 143,876	$ 125,596	$ 259,664	$ 263,079
Total Units | unit	7,903,000	6,344,000	13,504,000	12,950,000
Rooftop units
Disaggregation of Revenue [Line Items]
Net Sales	$ 107,370	$ 99,145	$ 194,795	$ 209,975
Total Units | unit	4,657,000	3,746,000	7,616,000	7,807,000
Condensing units
Disaggregation of Revenue [Line Items]
Net Sales	$ 7,302	$ 4,505	$ 13,833	$ 9,003
Total Units | unit	618,000	446,000	1,136,000	854,000
Air handlers
Disaggregation of Revenue [Line Items]
Net Sales	$ 7,265	$ 6,016	$ 13,679	$ 12,263
Total Units | unit	707,000	501,000	1,200,000	1,011,000
Outdoor mechanical rooms
Disaggregation of Revenue [Line Items]
Net Sales	$ 764	$ 434	$ 975	$ 1,349
Total Units | unit	13,000	6,000	20,000	16,000
Water source heat pumps
Disaggregation of Revenue [Line Items]
Net Sales	$ 6,425	$ 3,796	$ 11,090	$ 7,499
Total Units | unit	1,908,000	1,645,000	3,532,000	3,262,000
Part sales
Disaggregation of Revenue [Line Items]
Net Sales	$ 10,717	$ 7,565	$ 18,223	$ 14,078
Other
Disaggregation of Revenue [Line Items]
Net Sales	$ 4,033	$ 4,135	$ 7,069	$ 8,912

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Payments to representatives	$ 14	$ 14.9	$ 25	$ 27.5
Extended product warranties, minimum length			6 months
Extended product warranties, maximum length			10 years

Accounts Receivable - Receivabl

Accounts Receivable - Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Receivables [Abstract]
Accounts receivable	$ 53,829	$ 47,893
Less:  Allowance for credit losses	(518)	(506)
Total, net	$ 53,311	$ 47,387

Accounts Receivable - Allowance

Accounts Receivable - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 493	$ 647	$ 506	$ 353
Provisions (recoveries) for expected credit losses, net of adjustments	25	(218)	12	76
Balance, end of period	$ 518	$ 429	$ 518	$ 429

Inventories - Components (Detai

Inventories - Components (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 85,514		$ 76,238
Work in process	1,557		2,088
Finished goods	3,054		7,154
Total, gross	90,125		85,480
Less: Allowance for excess and obsolete inventories	(2,726)	$ (2,304)	(3,261)	$ (2,373)	$ (2,365)	$ (2,644)
Total, net	$ 87,399		$ 82,219

Inventories - Allowance (Detail

Inventories - Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Inventory Valuation Reserves [Roll Forward]
Balance, beginning of period	$ 2,304	$ 2,365	$ 3,261	$ 2,644
Provisions (recoveries) for excess and obsolete inventories	486	81	292	(193)
Inventories written off	(64)	(73)	(827)	(78)
Balance, end of period	$ 2,726	$ 2,373	$ 2,726	$ 2,373

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Supplemental disclosure:
Income taxes paid	$ 2,529	$ 6,711	$ 2,742	$ 9,735
Non-cash investing and financing activities:
Non-cash capital expenditures	(2,109)	6,046	(1,845)	5,046
Dividends declared	$ 9,970	$ 9,930	$ 9,970	$ 9,930

Warranties - Additional Informa

Warranties - Additional Information (Details)	6 Months Ended
	Jun. 30, 2021
Product Information [Line Items]
Product warranty accrual, minimum length	1 year
Product warranty accrual, maximum length	25 years
Parts
Product Information [Line Items]
Product warranty accrual, minimum length	18 months

Warranties - Change in Accruals

Warranties - Change in Accruals (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance, beginning of period	$ 13,525	$ 12,940	$ 13,522	$ 12,652
Payments made	(1,545)	(1,617)	(3,009)	(2,794)
Provisions	2,028	1,837	3,495	3,302
Balance, end of period	14,008	13,160	14,008	13,160
Warranty expense	$ 2,028	$ 1,837	$ 3,495	$ 3,302

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Warranty	$ 14,008	$ 13,522
Due to representatives	7,980	8,296
Payroll	8,509	8,155
Profit sharing	2,920	2,902
Worker's compensation	429	594
Medical self-insurance	1,236	1,546
Customer prepayments	5,070	5,067
Donations	224	570
Employee vacation time	3,520	3,321
Other	3,395	2,613
Total	$ 47,291	$ 46,586

Revolving Credit Facility (Deta

Revolving Credit Facility (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Oct. 24, 2019
Line of Credit Facility [Line Items]
Leverage coverage ratio	0.01
Maximum leverage coverage ratio required for compliance	2
Ratio of total consolidated liability to net worth	0.3
Maximum ratio of total consolidated liability to net worth required for compliance	2
Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit facility maximum borrowings	$ 30,000,000		$ 23,000,000
Standby letter of credit	1,800,000
Borrowings available under the revolving credit facility	$ 28,200,000
Frequency of periodic payment	monthly
Fees associated with unused portion of committed amount	$ 0
Borrowings outstanding under revolving credit facility	$ 0	$ 0
Revolving Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Stated percentage	2.00%

Income Taxes - Provision (Benef

Income Taxes - Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Current	$ 6,543	$ (789)	$ 3,990	$ 5,354
Deferred	(1,911)	5,228	2,747	5,061
Income tax provision	$ 4,632	$ 4,439	$ 6,737	$ 10,415

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Federal Statutory Income Tax Rate (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Federal statutory rate	21.00%	21.00%	21.00%	21.00%
State income taxes, net of Federal benefit	(0.20%)	4.40%	3.00%	4.80%
Excess tax benefits	(1.90%)	(3.80%)	(7.80%)	(3.80%)
Return to provision adjustments	(0.30%)	0.00%	(0.30%)	0.00%
Other	(0.30%)	(1.60%)	(0.50%)	(1.20%)
Effective tax rate	18.30%	20.00%	15.40%	20.80%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Share-based payment arrangement, expense, tax benefit	$ 479		$ 840	$ 3,389	$ 1,905
Increase in hare-based payment arrangement, expense, tax benefit, percent				78.00%
Expected effective income tax rate for the year				25.00%
Increase in deferred tax liability		$ 4,700
Tax Credit Carryforward [Line Items]
Income tax benefit	(4,632)		$ (4,439)	$ (6,737)	$ (10,415)
Investment Tax Credit Carryforward
Tax Credit Carryforward [Line Items]
Tax credit carryforward	2,800			$ 2,800
State and Local
Tax Credit Carryforward [Line Items]
Income tax benefit	$ 800

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	May 24, 2016	May 22, 2007	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	May 12, 2020	May 15, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock authorized to be issued under plan (in shares)	8,900,000
Unrecognized pre-tax compensation cost				$ 22,000
Weighted average recognition period (in years)				2 years 8 months 12 days
Total intrinsic value of options exercised during period				$ 12,700	$ 8,800
Cash received from options exercised during period				$ 11,848	$ 14,173
Award requisite service period				1 year
2007 Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock authorized to be issued under plan (in shares)	400,000	3,300,000
Exercise price of shares granted may not be less than fair market value (percentage)		100.00%
Unrecognized pre-tax compensation cost				$ 5,400
Weighted average recognition period (in years)				2 years 7 months 6 days
2016 Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock authorized to be issued under plan (in shares)	3,400,000					2,500,000	2,600,000
Exercise price of shares granted may not be less than fair market value (percentage)	100.00%
Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized pre-tax compensation cost				$ 1,300
Weighted average recognition period (in years)				2 years 4 months 24 days
Performance Award | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award, percent of conversion in common stock				0.00%
Performance Award | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award, percent of conversion in common stock				200.00%
Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage			20.00%	33.30%

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Assumptions (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend rate	$ 0.38
Expected volatility	39.10%
Risk-free interest rate	0.28%
Expected life	2 years 9 months 18 days
Directors and Senior Leadership Team
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend rate	$ 0.38	$ 0.33
Expected volatility	35.78%	31.63%
Risk-free interest rate	0.51%	0.64%
Expected life	4 years	5 years
Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend rate	$ 0.38	$ 0.32
Expected volatility	38.70%	31.23%
Risk-free interest rate	0.30%	0.69%
Expected life	3 years	5 years

Share-Based Compensation - Su_2

Share-Based Compensation - Summary of Stock Options Outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares vested and exercisable	1,216,917	859,166
Options vested and exercisable weighted average remaining contractual life	6 years 3 months	6 years 6 months 3 days
Options vested and exercisable weighted average exercise price	$ 36.05	$ 32.09
Options vested and exercisable intrinsic value	$ 32,299	$ 19,077
$7.18 - $40.87
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices, lower range	$ 7.18
Range of exercise prices, upper range	$ 40.87
Number of shares vested and exercisable	628,083
Options vested and exercisable weighted average remaining contractual life	5 years 2 months 1 day
Options vested and exercisable weighted average exercise price	$ 30.25
Options vested and exercisable intrinsic value	$ 20,313
$41.37 - $41.37
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices, lower range	$ 41.37
Range of exercise prices, upper range	$ 41.37
Number of shares vested and exercisable	441,965
Options vested and exercisable weighted average remaining contractual life	7 years
Options vested and exercisable weighted average exercise price	$ 41.37
Options vested and exercisable intrinsic value	$ 9,379
$42.42 - $75.00
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices, lower range	$ 42.42
Range of exercise prices, upper range	$ 75
Number of shares vested and exercisable	146,869
Options vested and exercisable weighted average remaining contractual life	8 years 7 months 9 days
Options vested and exercisable weighted average exercise price	$ 44.84
Options vested and exercisable intrinsic value	$ 2,607
$7.18 - $36.95
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices, lower range		$ 7.18
Range of exercise prices, upper range		$ 36.95
Number of shares vested and exercisable		592,236
Options vested and exercisable weighted average remaining contractual life		5 years 9 months 3 days
Options vested and exercisable weighted average exercise price		$ 27.90
Options vested and exercisable intrinsic value		$ 15,632
$37.00 - $40.87
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices, lower range		$ 37
Range of exercise prices, upper range		$ 40.87
Number of shares vested and exercisable		6,518
Options vested and exercisable weighted average remaining contractual life		3 years 3 months 14 days
Options vested and exercisable weighted average exercise price		$ 38.16
Options vested and exercisable intrinsic value		$ 105
$41.37 - $57.82
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices, lower range		$ 41.37
Range of exercise prices, upper range		$ 57.82
Number of shares vested and exercisable		260,412
Options vested and exercisable weighted average remaining contractual life		8 years 3 months 18 days
Options vested and exercisable weighted average exercise price		$ 41.46
Options vested and exercisable intrinsic value		$ 3,340

Share-Based Compensation - Su_3

Share-Based Compensation - Summary of Stock Option Activity (Details) - $ / shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Shares [Roll Forward]
Outstanding, beginning of period (in shares)	3,752,945
Granted (in shares)	352,258
Exercised (in shares)	(335,563)
Forfeited or Expired (in shares)	(95,846)
Outstanding, end of period (in shares)	3,673,794
Exercisable, end of period (in shares)	1,216,917	859,166
Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of period (weighted average exercise price)	$ 39
Granted (weighted average exercise price)	73.08
Exercised (weighted average exercise price)	35.31
Forfeited or Expired (weighted average exercise price)	48.92
Outstanding, end of period (weighted average exercise price)	42.35
Exercisable, end of period (weighted average exercise price)	$ 36.05	$ 32.09

Share-Based Compensation - Su_4

Share-Based Compensation - Summary of Unvested Performance Awards (Details) - Performance Award	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Shares [Roll Forward]
Unvested, beginning of period (in shares) | shares	0
Granted (in shares) | shares	18,114
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(1,632)
Unvested, end of period (in shares) | shares	16,482
Weighted Average Grant Date Fair Value [Roll Forward]
Unvested, beginning of period (weighted average grant date fair value) | $ / shares	$ 0
Granted (weighted average grant date fair value) | $ / shares	87.78
Vested (weighted average grant date fair value) | $ / shares	0
Forfeited (weighted average grant date fair value) | $ / shares	87.78
Unvested, end of period (weighted average grant date fair value) | $ / shares	$ 87.78

Share-Based Compensation - Su_5

Share-Based Compensation - Summary of Unvested Restricted Stock Awards (Details) - Restricted Stock	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Shares [Roll Forward]
Unvested, beginning of period (in shares) | shares	224,691
Granted (in shares) | shares	31,397
Vested (in shares) | shares	(89,295)
Forfeited (in shares) | shares	(5,690)
Unvested, end of period (in shares) | shares	161,103
Weighted Average Grant Date Fair Value [Roll Forward]
Unvested, beginning of period (weighted average grant date fair value) | $ / shares	$ 38.22
Granted (weighted average grant date fair value) | $ / shares	69.22
Vested (weighted average grant date fair value) | $ / shares	35.84
Forfeited (weighted average grant date fair value) | $ / shares	51.19
Unvested, end of period (weighted average grant date fair value) | $ / shares	$ 45.12

Share-Based Compensation - Su_6

Share-Based Compensation - Summary of Grant Date Fair Value of Awards (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Grant date fair value of awards during the period:
Options	$ 205	$ 1,169	$ 6,718	$ 12,074
Performance Awards	84	0	1,590	0
Restricted stock	773	806	2,173	3,316
Total	1,062	1,975	10,481	15,390
Share-based compensation expense:
Options	2,264	2,296	4,427	3,928
Performance awards	148	0	189	0
Restricted stock	620	1,047	1,177	1,766
Total	3,032	3,343	5,793	5,694
Income tax benefit/(deficiency) related to share-based compensation:
Options	275	680	2,570	1,411
Restricted stock	204	160	819	494
Total	$ 479	$ 840	$ 3,389	$ 1,905

Employee Benefits (Details)

Employee Benefits (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Defined contribution employee automatic contribution, percent			6.00%
Administrative expense			$ 0	$ 0
Contributions, net of forfeitures, made to the defined contribution plan	$ 2,118,000	$ 2,099,000	$ 4,398,000	4,549,000
Profit sharing, percent of pre-tax profit paid to eligible employees on quarterly basis			10.00%
Profit sharing bonus plan expense	2,919,000	2,524,000	$ 5,051,000	5,691,000
Medical claim payments	2,033,000	1,983,000	3,846,000	3,858,000
Health saving account contributions	$ 876,000	$ 899,000	$ 1,733,000	$ 1,773,000
Effective January 1, 2016
Defined Benefit Plan Disclosure [Line Items]
Percent of match			175.00%
Defined contribution employer, maximum match percent			6.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net income	$ 20,615	$ 17,804	$ 36,991	$ 39,657
Basic weighted average shares (in shares)	52,432,822	52,099,694	52,389,989	52,160,348
Effect of dilutive stock options and restricted stock (in shares)	1,171,110	650,707	1,346,145	725,143
Diluted weighted average shares (in shares)	53,603,932	52,750,401	53,736,134	52,885,491
Basic (usd per share)	$ 0.39	$ 0.34	$ 0.71	$ 0.76
Diluted (usd per share)	$ 0.38	$ 0.34	$ 0.69	$ 0.75
Anti-dilutive shares (in shares)	397,656	1,047,616	249,140	650,526

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	May 17, 2021	Nov. 10, 2020	May 15, 2020	Aug. 02, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2020	Mar. 13, 2020	Mar. 05, 2019	May 16, 2018	May 19, 2015
Schedule of Shareholders' Equity [Line Items]
Stock repurchase program, authorized amount												$ 20,000,000	$ 20,000,000	$ 15,000,000
Stock repurchased during period (in shares)							170,023	334,440			14,287,139
Aggregate price of shares repurchased since inception							$ 11,803,000	$ 17,046,000
Average price of shares repurchased since inception (per share)							$ 69.42	$ 50.97			$ 17.66
Cash dividends declared per common share (in dollars per share)					$ 0.19	$ 0.19	$ 0.19	$ 0.19
Dividend Declared
Schedule of Shareholders' Equity [Line Items]
Cash dividends declared per common share (in dollars per share)	$ 0.19	$ 0.19	$ 0.19
Open market
Schedule of Shareholders' Equity [Line Items]
Stock repurchase program amount authorized (in shares)															5,700,000
Stock repurchased during period (in shares)							0	103,689	4,205,255
Aggregate price of shares repurchased since inception							$ 0	$ 4,987,000	$ 74,793,000
Average price of shares repurchased since inception (per share)							$ 0	$ 48.10	$ 17.79
401(k)
Schedule of Shareholders' Equity [Line Items]
Stock repurchased during period (in shares)							148,317	208,604			8,054,977
Aggregate price of shares repurchased since inception							$ 10,271,000	$ 10,957,000			$ 155,271,000
Average price of shares repurchased since inception (per share)							$ 69.25	$ 52.53			$ 19.28
401(k) | Subsequent Event
Schedule of Shareholders' Equity [Line Items]
Stock repurchased during period (in shares)				20,970
Aggregate price of shares repurchased since inception				$ 1,300,000
Directors and employees
Schedule of Shareholders' Equity [Line Items]
Stock repurchased during period (in shares)							21,706	22,147		2,026,907
Aggregate price of shares repurchased since inception							$ 1,532,000	$ 1,102,000		$ 22,283,000
Average price of shares repurchased since inception (per share)							$ 70.58	$ 49.76		$ 10.99

New Market Tax Credit (Details)

New Market Tax Credit (Details) - USD ($)	Oct. 24, 2019	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Line of Credit Facility [Line Items]
Due to related parties		$ 0		$ 0
Amortization of debt issuance costs		20,000	$ 20,000
Subsidiary
Line of Credit Facility [Line Items]
Due to related parties	$ 22,500,000
Investor
Line of Credit Facility [Line Items]
Loans receivable	$ 15,900,000
Loans receivable, term	25 years
Loans receivable, interest rate	1.00%
Proceeds from debt	$ 15,900,000
Interest from counterparty	6,300,000
Debt issuance costs	300,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit facility maximum borrowings	$ 23,000,000	$ 30,000,000

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transactions [Abstract]
Sales to affiliates	$ 246	$ 1,235	$ 812	$ 1,888
Payments to affiliates	57	$ 38	130	$ 97
Due from affiliates	39		39		$ 342
Due to related parties	$ 0		$ 0		$ 0

Segments (Details)

Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Net sales	$ (143,876)	$ (125,596)	$ (259,664)	$ (263,079)
Gross profit	(42,107)	(38,131)	(75,264)	(81,078)
Operating Segments | Units
Segment Reporting Information [Line Items]
Net sales	(132,861)	(117,720)	(240,735)	(248,440)
Gross profit	(42,122)	(40,794)	(76,080)	(86,848)
Operating Segments | Parts
Segment Reporting Information [Line Items]
Net sales	(11,411)	(8,060)	(19,392)	(14,940)
Gross profit	(4,363)	(3,547)	(7,313)	(6,724)
Other
Segment Reporting Information [Line Items]
Net sales	396	184	463	301
Gross profit	4,378	6,210	8,129	12,494
Inter-segment
Segment Reporting Information [Line Items]
Net sales	(6,790)	(5,629)	(12,680)	(12,415)
Gross profit	$ 192	$ 434	$ 161	$ 829