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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 166,765,236 $ 151,741,878
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45,789,787 42,471,227
Gain on disposal of assets (10,900) (18,052)
Loss on disposal of assets 705,381 250,247
Gain on sale of investments (1,657,211) (4,835,125)
Loss on sale of investments 2,144,668 307,110
Deferred income taxes (402,154) (2,472,624)
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock 9,777,427 11,224,538
Excess tax benefits from stock-based compensation (1,658,828) (1,629,160)
Change in operating assets and liabilities:    
Accounts receivable, net (23,473,550) (28,050,976)
Inventories (1,531,186) (9,014,610)
Prepaid expenses and other 19,882,083 11,612,976
Accounts payable 15,469,383 (1,520,783)
Accrued liabilities, excluding dividends declared 21,670,990 21,821,075
Net cash provided by operating activities 253,471,126 191,887,721
Activity in available-for-sale securities:    
Sales proceeds 45,982,921 13,805,507
Purchases (165,496,238) (12,939,815)
Plant and equipment additions (54,832,532) (33,589,833)
Proceeds from sale of plant and equipment 516,667 4
Decrease in other assets (2,287,732) (1,084,292)
Net cash used for investing activities (176,116,914) (33,808,429)
CASH FLOWS USED FOR FINANCING ACTIVITIES:    
Repayment of long-term debt (18,750,000) (3,750,000)
Issuance of common stock from stock plan transactions 29,282,769 13,809,419
Cash dividends paid (49,334,501) (47,193,926)
Repurchases of common stock (92,274,871) (50,107,196)
Excess tax benefits from stock-based compensation 1,658,828 1,629,160
Net cash used for financing activities (129,417,775) (85,612,543)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (52,063,563) 72,466,749
CASH AND CASH EQUIVALENTS, beginning of period 551,557,527 [1] 497,429,804
CASH AND CASH EQUIVALENTS, end of period $ 499,493,964 $ 569,896,553
[1] Note: The condensed consolidated balance sheet at December 31, 2015 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.