XML 38 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net Cash Provided by (Used in) Operating Activities [Abstract]      
Net Income $ 222,929,949 $ 168,586,840 $ 164,668,228
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 62,854,155 50,179,823 42,634,684
Gain on disposal of assets (54,520) (419,382) 0
Loss on disposal of assets 2,162,610 952,190 992,876
Gain on sale of investments (19,012,429) (9,584,288) (15,787,691)
Loss on sale of investments 882,918 1,216,027 9,134,183
Deferred income taxes (7,726,800) 843,484 13,942,674
Stock based compensation expense related to employee stock options, employee stock purchases and restricted stock 17,427,233 16,433,837 14,197,557
Excess tax benefits from stock based compensation (4,445,064) (815,651) (5,362,501)
Change in operating assets and liabilities:      
Accounts receivable (22,347,450) 810,022 (14,742,103)
Inventories 39,856,102 28,823,046 (88,024,582)
Prepaid expenses and other (2,374,913) 14,868,742 (6,954,317)
Accounts payable 13,310,319 (22,270,571) 25,175,109
Accrued liabilities 13,876,720 8,221,935 1,794,548
Net cash provided by operating activities 317,338,830 257,846,054 141,668,665
Activity in available-for-sale securities:      
Sales proceeds 82,862,644 38,831,234 107,763,498
Maturities and calls 98,142,408 75,652,000 104,375,000
Purchases (60,543,153) (112,545,415) (196,365,327)
Plant and equipment additions (55,380,457) (117,474,449) (120,177,730)
Proceeds from sale of plant and equipment 386,399 1,064,614 179,212
Acquisition of businesses, net of cash acquired (698,150,900) 0 0
Decrease (increase) in other assets (573,560) (17,602,228) 698,357
Net cash provided by (used for) investing activities (633,256,619) (132,074,244) (103,526,990)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from borrowings on Credit Agreement 275,000,000 0 0
Repayment of long-term debt (1,875,000) 0 0
Deferred financing costs (956,441) 0 0
Issuance of common stock from stock plan transactions 38,377,571 12,208,881 33,304,764
Cash dividends paid (79,160,345) (73,387,727) (67,171,939)
Repurchases of common stock 0 (33,716,725) 0
Excess tax benefits from stock based compensation 4,445,064 815,651 5,362,501
Net cash provided by (used for) financing activities 235,830,849 (94,079,920) (28,504,674)
NET INCREASE IN CASH AND CASH EQUIVALENTS (80,086,940) 31,691,890 9,637,001
CASH AND CASH EQUIVALENTS, Beginning of year 389,678,664 357,986,774 348,349,773
CASH AND CASH EQUIVALENTS, End of year $ 309,591,724 $ 389,678,664 $ 357,986,774