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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net Cash Provided by (Used in) Operating Activities [Abstract]      
Net income $ 347,563,621 $ 424,683,939 $ 437,883,097
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 104,739,900 104,702,974 102,186,814
Gain on disposal of assets (311,510) (155,150) (577,200)
Loss on disposal of assets 162,553 588,941 108,927
Gain on sale of investments (3,163,164) (660,643) (2,538,729)
Loss on sale of investments 1,064,508 176,360 532,494
Deferred income taxes (15,419,722) (3,358,537) (4,414,739)
Stock based compensation expense related to employee stock options, employee stock purchases and restricted stock 30,797,327 21,671,192 18,305,981
Change in operating assets and liabilities:      
Accounts receivable (49,290,457) (21,872,527) 17,583,989
Inventories 22,725,798 (23,660,256) (8,516,016)
Prepaid expenses and other 10,493,993 (3,646,457) (11,268,677)
Accounts payable (12,854,038) 4,743,601 2,911,849
Accrued liabilities 27,982,962 2,753,427 220,856
Net cash flows from operating activities 464,491,771 505,966,864 552,418,646
Activity in available-for-sale securities:      
Sales proceeds 24,455,695 57,139,135 55,248,551
Maturities and calls 142,547,368 125,013,589 181,892,136
Purchases (73,719,189) (153,257,603) (332,106,362)
Plant and equipment additions (51,706,541) (84,580,255) (85,990,570)
Proceeds from sale of plant and equipment 383,429 2,001,315 738,093
Acquisition of businesses, net of cash acquired (11,216,927) 0 0
Increase in other assets (4,327,398) (3,027,263) (5,603,042)
Net cash from (used for) investing activities 26,416,437 (56,711,082) (185,821,194)
CASH FLOWS USED FOR FINANCING ACTIVITIES:      
Proceeds from borrowings on Credit Agreement 75,000,000 0 0
Repayment of borrowings on Credit Agreement (75,000,000) 0 (78,000,000)
Issuance of common stock from stock plan transactions 41,803,640 77,821,151 66,837,820
Cash dividends paid (117,181,928) (116,309,197) (116,566,639)
Repurchases of common stock (288,480,506) (331,471,392) (591,577,851)
Net cash used for financing activities (363,858,794) (369,959,438) (719,306,670)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 127,049,414 79,296,344 (352,709,218)
CASH AND CASH EQUIVALENTS, Beginning of year 296,321,622 217,025,278 569,734,496
CASH AND CASH EQUIVALENTS, End of year $ 423,371,036 $ 296,321,622 $ 217,025,278