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Summary of Significant Accounting and Reporting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Schedule of Allowance For Doubtful Accounts
The following table presents the activity in the Company’s allowance for doubtful accounts:
 
Beginning
Balance
 
Net
Additions/
(Reductions)
to Costs and
Expenses
 
Deductions
and Other
Adjustments
 
Ending
Balance
Year Ended December 31, 2013:
 
 
 
 
 
 
 
Allowance for Doubtful Accounts
$
3,400,000

 
$

 
$
197,612

 
$
3,202,388

Year Ended December 31, 2012:
 
 
 
 
 
 
 
Allowance for Doubtful Accounts
$
3,400,000

 
$
(577
)
 
577*

 
$
3,400,000

Year Ended December 31, 2011:
 
 
 
 
 
 
 
Allowance for Doubtful Accounts
$
4,300,000

 
$
(802,929
)
 
$
(97,071
)*
 
$
3,400,000


 
*Represents excess recoveries and other adjustments over accounts written off.
Schedule of Assets or Liabilities Having Recurring Measurements
Assets or liabilities that have recurring fair value measurements are shown below as of December 31, 2013 and December 31, 2012:
 
 
 
 
Fair Value Measurements at Reporting Date Using
 
Total as of
 
Quoted Prices in
Active Markets
for Identical
Assets
 
Significant Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Description
December 31, 2013
 
(Level I)
 
(Level 2)
 
(Level 3)
Cash & Cash Equivalents
$
309,591,724

 
$
309,591,724

 
$

 
$

Long-Term Investments:
 
 
 
 
 
 
 
Common Stocks
33,282,439

 
33,282,439

 

 

Mutual Funds – Equity
73,723,083

 
73,723,083

 

 

Total
$
416,597,246

 
$
416,597,246

 
$

 
$


 
 
 
Fair Value Measurements at Reporting Date Using
 
Total as of
 
Quoted Prices in
Active Markets
for Identical
Assets
 
Significant Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Description
December 31, 2012
 
(Level I)
 
(Level 2)
 
(Level 3)
Cash & Cash Equivalents
$
389,678,664

 
$
389,678,664

 
$

 
$

Short-Term Investments:
 
 
 
 
 
 
 
Certificate of Deposit
510,881

 

 
510,881

 

Government Securities
38,522,471

 

 
38,522,471

 

U.S. Treasury Notes
15,020,350

 

 
15,020,350

 

Corporate Bonds
6,563,228

 

 
6,563,228

 

      Other
185,926

 
185,926

 

 

Long-Term Investments:
 
 
 
 
 
 
 
Corporate Bonds
2,180,780

 

 
2,180,780

 

Common Stocks
53,283,201

 
53,283,201

 

 

Mutual Funds – Equity
86,109,053

 
86,109,053

 

 

Other – Equity
261,000

 
261,000

 

 

Total
$
592,315,554

 
$
529,517,844

 
$
62,797,710

 
$

Schedule of Amortized Cost, Unrealized Gains And Losses, And Market Value of Investment Securities
The amortized cost, unrealized gains and losses, and market value of investment securities are shown as of December 31, 2013 and 2012:
 
 
Unrealized
2013
Cost
 
Gains
 
Losses
 
Market Value
Long-Term Investments:
 
 
 
 
 
 
 
Common Stocks
22,799,035

 
10,532,007

 
(48,603
)
 
33,282,439

Mutual Funds-Equity
54,256,577

 
19,466,506

 

 
73,723,083

Total
$
77,055,612

 
$
29,998,513


$
(48,603
)

$
107,005,522


 
Unrealized
2012
Cost
 
Gains
 
Losses
 
Market Value
Short-Term Investments:
 
 
 
 
 
 
 
Certificate of Deposit
$
510,881

 
$

 
$

 
$
510,881

Government Securities
$
38,514,411

 
$
9,004

 
$
(944
)
 
$
38,522,471

U.S. Treasury Notes
15,018,810

 
2,602

 
(1,062
)
 
15,020,350

Corporate Bonds
6,529,758

 
33,470

 

 
6,563,228

Other
185,926

 

 

 
185,926

Long-Term Investments:
 
 
 
 
 
 
 
Corporate Bonds
2,174,948

 
5,832

 

 
2,180,780

Common Stocks
40,893,121

 
12,781,501

 
(391,421
)
 
53,283,201

Mutual Funds-Equity
75,321,640

 
11,082,714

 
(295,301
)
 
86,109,053

Other-Equity
238,506

 
22,494

 

 
261,000

Total
$
179,388,001

 
$
23,937,617

 
(688,728
)
 
$
202,636,890

Schedule of Unrealized Losses on Investments
Unrealized losses on investments as of December 31, 2013 are as follows:
 
Aggregate Unrealized Losses
 
Aggregate Fair Value
Less than one year
$
48,603

 
$
1,886,080


Unrealized losses on investments as of December 31, 2012 are as follows:
 
 
Aggregate Unrealized Losses
 
Aggregate Fair Value
Less than one year
$
688,728

 
$
22,887,686

Schedule of Inventories
Inventories consisted of the following as of December 31, 2013 and 2012.
 
 
2013
 
2012
Raw materials
$
75,081,810

 
$
114,750,525

Work-in-process
21,409,976

 
24,588,734

Finished goods
23,582,378

 
20,591,007

Total Inventory
$
120,074,164

 
$
159,930,266

Schedule of Earnings Per Share Basic and Diluted
The following table reconciles the numerators and denominators used in the calculations of basic and diluted earnings per share (EPS) for each of the last three years:
 
2013
 
2012
 
2011
Numerators:
 
 
 
 
 
Numerator for both basic and diluted EPS, net income
$
222,929,949

 
$
168,586,840

 
$
164,668,228

Denominators:
 
 
 
 
 
Denominator for basic EPS, weighted-average common shares outstanding
143,460,018

 
143,097,530

 
142,492,699

Potentially dilutive shares resulting from stock option plans
814,153

 
870,501

 
1,784,109

Denominator for diluted EPS
144,274,171

 
143,968,031

 
144,276,808