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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
NET SALES $ 1,918,958,043 $ 1,731,169,929 $ 1,688,189,405
COST OF GOODS SOLD 1,309,143,858 1,111,462,082 1,082,745,885
Gross profit 609,814,185 619,707,847 605,443,520
OPERATING EXPENSES:      
Engineering, research and development 133,308,804 117,763,676 115,935,047
Selling, general and administrative 106,499,255 92,162,193 89,952,381
Total operating expenses 239,808,059 209,925,869 205,887,428
Income from operations 370,006,126 409,781,978 399,556,092
OTHER INCOME:      
Investment income 4,795,823 3,589,798 6,986,303
Other (loss) income, net (5,078,873) 2,979,960 5,270,534
Total other (loss) income (283,050) 6,569,758 12,256,837
Income before provision for income taxes 369,723,076 416,351,736 411,812,929
PROVISION FOR INCOME TAXES 50,965,724 55,554,504 64,249,308
NET INCOME $ 318,757,352 $ 360,797,232 $ 347,563,621
EARNINGS PER SHARE:      
Basic (in dollars per share) [1] $ 1.36 $ 1.51 $ 1.41
Diluted (in dollars per share) [1] 1.36 1.50 1.41
Cash Dividends Declared per Share (in dollars per share) $ 0.48 $ 0.480 $ 0.480
[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