XML 21 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
NET SALES $ 1,794,872,578 $ 1,678,924,756 $ 1,543,617,706
COST OF GOODS SOLD 1,100,344,312 1,010,472,512 939,841,654
Gross profit 694,528,266 668,452,244 603,776,052
OPERATING EXPENSES:      
Engineering, research and development 99,726,438 94,238,032 88,392,919
Selling, general and administrative 71,443,476 62,471,277 56,616,694
Total operating expenses 171,169,914 156,709,309 145,009,613
Income from operations 523,358,352 511,742,935 458,766,439
OTHER INCOME:      
Investment income 9,442,387 4,787,128 4,990,811
Other, net (1,004,035) (5,969,290) (165,794)
Total other income (expense) 8,438,352 (1,182,162) 4,825,017
Income before provision for income taxes 531,796,704 510,560,773 463,591,456
PROVISION FOR INCOME TAXES 125,004,782 162,969,497 145,121,597
NET INCOME $ 406,791,922 $ 347,591,276 $ 318,469,859
EARNINGS PER SHARE:      
Basic (in dollars per share) $ 1.42 $ 1.21 $ 1.09
Diluted (in dollars per share) 1.41 1.19 1.08
Cash Dividends Declared per Share (in dollars per share) $ 0.39 $ 0.355 $ 0.335