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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
NET SALES $ 1,834,063,697 $ 1,794,872,578 $ 1,678,924,756
COST OF GOODS SOLD 1,143,597,005 1,100,344,312 1,010,472,512
Gross profit 690,466,692 694,528,266 668,452,244
OPERATING EXPENSES:      
Engineering, research and development 107,134,862 99,726,438 94,238,032
Selling, general and administrative 75,206,283 71,443,476 62,471,277
Total operating expenses 182,341,145 171,169,914 156,709,309
Income from operations 508,125,547 523,358,352 511,742,935
OTHER INCOME:      
Investment income 11,262,385 9,442,387 4,787,128
Other, net 2,659,015 (1,004,035) (5,969,290)
Total other income (expense) 13,921,400 8,438,352 (1,182,162)
Income before provision for income taxes 522,046,947 531,796,704 510,560,773
PROVISION FOR INCOME TAXES 84,163,850 125,004,782 162,969,497
NET INCOME $ 437,883,097 $ 406,791,922 $ 347,591,276
EARNINGS PER SHARE:      
Basic (in dollars per share) $ 1.64 $ 1.42 $ 1.21
Diluted (in dollars per share) 1.62 1.41 1.19
Cash Dividends Declared per Share (in dollars per share) $ 0.440 $ 0.390 $ 0.355