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Unaudited Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
NET SALES $ 474,638,584 $ 477,761,417 $ 1,158,325,866 $ 1,415,061,768
COST OF GOODS SOLD 286,401,872 297,440,131 769,556,865 888,558,373
Gross profit 188,236,712 180,321,286 388,769,001 526,503,395
OPERATING EXPENSES:        
Engineering, research and development 27,812,730 29,398,725 86,421,121 85,847,249
Selling, general & administrative 21,571,093 22,786,881 65,206,080 63,019,167
Total operating expenses 49,383,823 52,185,606 151,627,201 148,866,416
Income from operations 138,852,889 128,135,680 237,141,800 377,636,979
OTHER INCOME        
Investment income 1,825,257 3,353,510 5,733,939 8,756,638
Other income, net 2,218,852 90,323 3,423,881 376,983
Total other income 4,044,109 3,443,833 9,157,820 9,133,621
INCOME BEFORE PROVISION FOR INCOME TAXES 142,896,998 131,579,513 246,299,620 386,770,600
PROVISION FOR INCOME TAXES 25,804,396 19,681,661 42,075,250 61,633,712
NET INCOME $ 117,092,602 $ 111,897,852 $ 204,224,370 $ 325,136,888
EARNINGS PER SHARE:        
Basic (in dollars per share) [1] $ 0.48 $ 0.44 $ 0.83 $ 1.27
Diluted (in dollars per share) [1] 0.48 0.44 0.82 1.26
Cash Dividends Declared per Share (in dollars per share) $ 0.120 $ 0.115 $ 0.360 $ 0.345
[1] (1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards.