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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 97,556,741 $ 80,279,994
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,181,854 22,839,030
Gain on disposal of assets (146,261) (10,900)
Loss on disposal of assets 359,959 577,916
Gain on sale of investments (274,844) (1,498,949)
Loss on sale of investments 21,431 1,961,673
Deferred income taxes 5,718,363 (2,403,818)
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock 4,422,996 4,974,453
Change in operating assets and liabilities:    
Accounts receivable, net (37,866,173) (28,020,070)
Inventories (7,776,814) (13,929,365)
Prepaid expenses and other 18,857,501 23,521,639
Accounts payable (2,249,350) 13,065,406
Accrued liabilities, excluding dividends declared and short-term debt 27,385,768 50,511,519
Net cash provided by operating activities 131,191,171 151,868,528
Activity in available-for-sale securities:    
Sales proceeds 1,316,280 43,417,073
Maturities and calls 6,100,000 0
Purchases (16,225,018) (25,154,245)
Plant and equipment additions (27,119,993) (20,329,035)
Proceeds from sale of plant and equipment 15,001 516,667
(Increase) Decrease in other assets (588,361) 135,904
Net cash used for investing activities (36,502,091) (1,413,636)
CASH FLOWS USED FOR FINANCING ACTIVITIES:    
Repayment of long-term debt (41,875,000) (16,875,000)
Issuance of common stock from stock plan transactions 17,237,232 10,678,450
Cash dividends paid (25,896,377) (24,759,481)
Repurchases of common stock (30,986,385) (44,585,668)
Net cash used for financing activities (81,520,530) (75,541,699)
NET INCREASE IN CASH AND CASH EQUIVALENTS 13,168,550 74,913,193
CASH AND CASH EQUIVALENTS, beginning of period 546,477,075 [1] 551,557,527
CASH AND CASH EQUIVALENTS, end of period $ 559,645,625 $ 626,470,720
[1] Note: The condensed consolidated balance sheet at December 31, 2016 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.