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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
NET SALES $ 1,678,924,756 $ 1,543,617,706 $ 1,375,501,159
COST OF GOODS SOLD 1,010,472,512 939,841,654 836,611,464
Gross profit 668,452,244 603,776,052 538,889,695
OPERATING EXPENSES:      
Engineering, research and development 94,238,032 88,392,919 84,175,738
Selling, general and administrative 62,471,277 56,616,694 55,879,783
Total operating expenses 156,709,309 145,009,613 140,055,521
Income from operations 511,742,935 458,766,439 398,834,174
OTHER INCOME:      
Investment income 4,787,128 4,990,811 6,016,727
Other, net (5,969,290) (165,794) 10,475,589
Total other income (1,182,162) 4,825,017 16,492,316
Income before provision for income taxes 510,560,773 463,591,456 415,326,490
PROVISION FOR INCOME TAXES 162,969,497 145,121,597 126,721,911
NET INCOME $ 347,591,276 $ 318,469,859 $ 288,604,579
EARNINGS PER SHARE:      
Basic (in dollars per share) $ 1.21 $ 1.09 $ 0.99
Diluted (in dollars per share) 1.19 1.08 0.98
Cash Dividends Declared per Share (in dollars per share) $ 0.355 $ 0.335 $ 0.31