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Unaudited Condensed Consolidated Statements of Income - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
NET SALES $ 550,761,311 $ 468,250,776
COST OF GOODS SOLD 376,024,080 307,838,816
Gross profit 174,737,231 160,411,960
OPERATING EXPENSES:    
Engineering, research and development 34,653,747 31,974,987
Selling, general & administrative 26,832,837 25,131,068
Total operating expenses 61,486,584 57,106,055
Income from operations 113,250,647 103,305,905
OTHER INCOME (LOSS)    
Investment income 2,939,195 788,316
Other loss, net (194,740) (798,810)
Total other income (loss) 2,744,455 (10,494)
INCOME BEFORE PROVISION FOR INCOME TAXES 115,995,102 103,295,411
PROVISION FOR INCOME TAXES 18,416,841 15,766,785
NET INCOME $ 97,578,261 $ 87,528,626
EARNINGS PER SHARE:    
Basic (in dollars per share) [1] $ 0.42 $ 0.37
Diluted (in dollars per share) [1] 0.42 0.37
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.