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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 104,280,411 $ 111,248,743
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,098,804 28,046,434
(Gain) on disposal of assets (43,338) (4,374)
Loss on disposal of assets 122,296 8,677
(Gain) on sale of investments (88,576) (1,245,075)
Loss on sale of investments 0 529,484
Deferred income taxes (1,233,853) (2,746,797)
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock 4,862,947 3,977,471
Change in operating assets and liabilities:    
Accounts receivable, net (30,728,497) (15,305,451)
Inventories (21,443) 9,532,631
Prepaid expenses and other 10,847,705 2,872,873
Accounts payable (2,692,820) (12,590,570)
Accrued liabilities, excluding dividends declared and short-term debt 20,436,582 23,125,002
Net cash provided by operating activities 133,840,218 147,449,048
Activity in available-for-sale securities:    
Sales proceeds 17,139,689 53,822,052
Maturities and calls 3,000,000 3,000,000
Purchases (18,475,158) (1,213,405)
Plant and equipment additions (16,844,301) (26,247,890)
Proceeds from sale of plant and equipment 117,455 67,400
Decrease in other assets 164,215 45,322
Net cash (used for) provided by investing activities (14,898,100) 29,473,479
CASH FLOWS (USED FOR) FINANCING ACTIVITIES:    
Repayment of debt 0 (28,000,000)
Issuance of common stock from stock plan transactions 10,514,554 36,267,047
Cash dividends paid (28,526,146) (28,028,132)
Repurchases of common stock (96,267,229) (202,572,378)
Net cash (used for) financing activities (114,278,821) (222,333,463)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 4,663,297 (45,410,936)
CASH AND CASH EQUIVALENTS, beginning of period 217,025,278 569,734,496
CASH AND CASH EQUIVALENTS, end of period $ 221,688,575 $ 524,323,560