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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
NET SALES $ 1,731,169,929 $ 1,688,189,405 $ 1,858,897,406
COST OF GOODS SOLD 1,111,462,082 1,082,745,885 1,170,589,437
Gross profit 619,707,847 605,443,520 688,307,969
OPERATING EXPENSES:      
Engineering, research and development 117,763,676 115,935,047 114,687,309
Selling, general and administrative 92,162,193 89,952,381 85,083,056
Total operating expenses 209,925,869 205,887,428 199,770,365
Income from operations 409,781,978 399,556,092 488,537,604
OTHER INCOME:      
Investment income 3,589,798 6,986,303 11,230,696
Other income, net 2,979,960 5,270,534 647,034
Total other income 6,569,758 12,256,837 11,877,730
Income before provision for income taxes 416,351,736 411,812,929 500,415,334
PROVISION FOR INCOME TAXES 55,554,504 64,249,308 75,731,395
NET INCOME $ 360,797,232 $ 347,563,621 $ 424,683,939
EARNINGS PER SHARE:      
Basic (in dollars per share) [1] $ 1.51 $ 1.41 $ 1.67
Diluted (in dollars per share) [1] 1.50 1.41 1.66
Cash Dividends Declared per Share (in dollars per share) $ 0.480 $ 0.48 $ 0.46
[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