XML 13 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Unaudited Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
NET SALES $ 229,925,556 $ 468,711,354 $ 683,687,281 $ 937,300,351
COST OF GOODS SOLD 185,980,748 292,173,750 483,154,994 591,118,243
Gross profit 43,944,808 176,537,604 200,532,287 346,182,108
OPERATING EXPENSES:        
Engineering, research and development 28,992,968 28,359,343 58,608,390 56,448,524
Selling, general & administrative 21,690,096 20,273,295 43,634,987 40,232,286
Total operating expenses 50,683,064 48,632,638 102,243,377 96,680,810
(Loss) Income from operations (6,738,256) 127,904,966 98,288,910 249,501,298
OTHER INCOME        
Investment income 1,462,033 2,140,387 3,908,682 5,403,128
Other income, net 1,404,196 237,191 1,205,030 286,660
Total other income 2,866,229 2,377,578 5,113,712 5,689,788
(LOSS) INCOME BEFORE (BENEFIT FROM) PROVISION FOR INCOME TAXES (3,872,027) 130,282,544 103,402,622 255,191,086
(BENEFIT FROM) PROVISION FOR INCOME TAXES (1,497,994) 21,323,919 16,270,854 41,952,050
NET (LOSS) INCOME $ (2,374,033) $ 108,958,625 $ 87,131,768 $ 213,239,036
EARNINGS (LOSS) PER SHARE:        
Basic (in dollars per share) [1] $ (0.01) $ 0.42 $ 0.35 $ 0.82
Diluted (in dollars per share) [1] (0.01) 0.42 0.35 0.82
Cash Dividends Declared per Share (in dollars per share) $ 0.120 $ 0.115 $ 0.240 $ 0.23
[1] (1) Earnings (Loss) Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards.