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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
NET SALES $ 1,858,897,406 $ 1,834,063,697 $ 1,794,872,578
COST OF GOODS SOLD 1,170,589,437 1,143,597,005 1,100,344,312
Gross profit 688,307,969 690,466,692 694,528,266
OPERATING EXPENSES:      
Engineering, research and development 114,687,309 107,134,862 99,726,438
Selling, general and administrative 85,083,056 75,206,283 71,443,476
Total operating expenses 199,770,365 182,341,145 171,169,914
Income from operations 488,537,604 508,125,547 523,358,352
OTHER INCOME:      
Investment income 11,230,696 11,262,385 9,442,387
Other income (expense), net 647,034 2,659,015 (1,004,035)
Total other income 11,877,730 13,921,400 8,438,352
Income before provision for income taxes 500,415,334 522,046,947 531,796,704
PROVISION FOR INCOME TAXES 75,731,395 84,163,850 125,004,782
NET INCOME $ 424,683,939 $ 437,883,097 $ 406,791,922
EARNINGS PER SHARE:      
Basic (in dollars per share) $ 1.67 $ 1.64 $ 1.42
Diluted (in dollars per share) 1.66 1.62 1.41
Cash Dividends Declared per Share (in dollars per share) $ 0.460 $ 0.440 $ 0.390