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Unaudited Condensed Consolidated Statements of Income - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
NET SALES $ 483,724,839 $ 453,761,726
COST OF GOODS SOLD 300,424,671 297,174,245
Gross profit 183,300,168 156,587,481
OPERATING EXPENSES:    
Engineering, research and development 27,652,081 29,615,422
Selling, general & administrative 21,914,386 21,944,892
Total operating expenses 49,566,467 51,560,314
Income from operations 133,733,701 105,027,167
OTHER INCOME    
Investment income 1,023,410 2,446,649
Other income, net 509,625 (199,167)
Total other income 1,533,035 2,247,482
INCOME BEFORE PROVISION FOR INCOME TAXES 135,266,736 107,274,649
PROVISION FOR INCOME TAXES 21,815,866 17,768,848
NET INCOME $ 113,450,870 $ 89,505,801
EARNINGS PER SHARE:    
Basic (in dollars per share) [1] $ 0.47 $ 0.36
Diluted (in dollars per share) [1] 0.46 0.36
Cash Dividends Declared per Share (in dollars per share) $ 0.12 $ 0.12
[1] (1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards.