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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 159,933,028 $ 199,957,288
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,052,518 51,497,665
(Gain) on disposal of assets (45,214) (19,891)
Loss on disposal of assets 11,776 133,036
(Gain) on sale of investments (391,378) (969,971)
Loss on sale of investments 989,196 192,346
Change in deferred income taxes 5,044,744 (3,546,862)
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock 15,361,567 12,622,158
Change in operating assets and liabilities:    
Accounts receivable, net (24,609,666) 50,784,339
Inventories (76,310,383) (37,608,133)
Prepaid expenses and other (6,035,375) (41,394,722)
Accounts payable 48,905,968 16,477,865
Accrued liabilities, excluding dividends declared and short-term debt 16,354,262 4,117,051
Net cash provided by operating activities 189,261,043 252,242,169
Activity in available-for-sale securities:    
Sales proceeds 37,429,595 34,250,068
Maturities and calls 3,000,000 16,685,000
Purchases (19,506,446) (71,596,074)
Purchase of equity method investments (24,250,000) 0
Plant and equipment additions (57,998,319) (31,352,443)
Proceeds from sale of plant and equipment 44,881 99,850
Acquisition of businesses, net of cash acquired 0 (12,023,440)
Increase in other assets (1,937,117) (458,637)
Net cash used for investing activities (63,217,406) (64,395,676)
CASH FLOWS USED FOR FINANCING ACTIVITIES:    
Issuance of common stock from stock plan transactions 8,995,167 13,656,884
Cash dividends paid (56,725,981) (58,227,768)
Repurchases of common stock (71,252,022) (213,613,842)
Net cash used for financing activities (118,982,836) (258,184,726)
NET INCREASE IN CASH AND CASH EQUIVALENTS 7,060,801 (70,338,233)
CASH AND CASH EQUIVALENTS, beginning of period 262,311,670 423,371,036
CASH AND CASH EQUIVALENTS, end of period $ 269,372,471 $ 353,032,803