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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 214,754,638 $ 262,311,670
Restricted cash 4,000,000 0
Short-term investments 23,007,385 5,423,612
Accounts receivable, net 276,493,752 249,794,906
Inventories, net 404,360,270 316,267,442
Prepaid expenses and other 26,036,331 39,178,119
Total current assets 948,652,376 872,975,749
PLANT AND EQUIPMENT:    
Land, buildings and improvements 376,934,354 363,646,380
Machinery and equipment 935,848,288 883,240,100
Construction-in-process 165,574,867 77,592,152
Total Plant and Equipment 1,478,357,509 1,324,478,632
Less- Accumulated depreciation (928,324,473) (860,356,956)
Net Plant and Equipment 550,033,036 464,121,676
OTHER ASSETS:    
Goodwill 313,807,494 313,960,209
Long-term investments 153,906,005 207,693,147
Equity method investments 48,425,978 0
Intangible assets, net 219,360,910 239,189,627
Deferred tax asset 25,528,700 4,795,678
Patents and other assets, net 67,515,425 28,655,080
Total Other Assets 828,544,512 794,293,741
TOTAL ASSETS 2,327,229,924 2,131,391,166
CURRENT LIABILITIES:    
Accounts payable 151,740,046 98,342,928
Accrued liabilities:    
Salaries, wages and vacation 17,517,580 14,019,643
Income taxes 18,726,857 196,863
Royalties 19,208,411 19,140,907
Dividends payable 28,100,320 28,372,901
Other 15,259,538 21,582,858
Total current liabilities 250,552,752 181,656,100
OTHER NON-CURRENT LIABILITIES 10,884,351 11,746,599
TOTAL LIABILITIES 261,437,103 193,402,699
SHAREHOLDERS’ INVESTMENT:    
Common stock, par value 0.06 per share; 400,000,000 shares authorized; 234,169,335 and 236,440,840 shares issued and outstanding in 2022 and 2021 respectively. 14,050,160 14,186,450
Additional paid-in capital 917,499,323 879,413,385
Retained earnings 1,148,386,272 1,042,461,388
Accumulated other comprehensive (loss) income:    
Unrealized (loss) gain on investments, net (10,110,695) 1,006,655
Cumulative translation adjustment (4,032,239) 920,589
Total shareholders’ investment 2,065,792,821 1,937,988,467
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT $ 2,327,229,924 $ 2,131,391,166