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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 111,248,743 $ 97,556,741
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,046,434 25,181,854
Gain on disposal of assets (4,374) (146,261)
Loss on disposal of assets 8,677 359,959
Gain on sale of investments (1,245,075) (274,844)
Loss on sale of investments 529,484 21,431
Deferred income taxes (2,746,797) 5,718,363
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock 3,977,471 4,422,996
Change in operating assets and liabilities:    
Accounts receivable, net (15,305,451) (37,866,173)
Inventories 9,532,631 (7,776,814)
Prepaid expenses and other 2,872,873 18,857,501
Accounts payable (12,590,570) (2,249,350)
Accrued liabilities, excluding dividends declared and short-term debt 23,125,002 27,385,768
Net cash provided by operating activities 147,449,048 131,191,171
Activity in available-for-sale securities:    
Sales proceeds 53,822,052 1,316,280
Maturities and calls 3,000,000 6,100,000
Purchases (1,213,405) (16,225,018)
Plant and equipment additions (26,247,890) (27,119,993)
Proceeds from sale of plant and equipment 67,400 15,001
Decrease (Increase) in other assets 45,322 (588,361)
Net cash provided by (used for) investing activities 29,473,479 (36,502,091)
CASH FLOWS USED FOR FINANCING ACTIVITIES:    
Repayment of debt (28,000,000) (41,875,000)
Issuance of common stock from stock plan transactions 36,267,047 17,237,232
Cash dividends paid (28,028,132) (25,896,377)
Repurchases of common stock (202,572,378) (30,986,385)
Net cash used for financing activities (222,333,463) (81,520,530)
NET INCREASE IN CASH AND CASH EQUIVALENTS (45,410,936) 13,168,550
CASH AND CASH EQUIVALENTS, beginning of period [1] 569,734,496  
CASH AND CASH EQUIVALENTS, end of period $ 524,323,560 $ 559,645,625
[1] The condensed consolidated balance sheet at December 31, 2017 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.