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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 226,435,019 $ 214,754,638
Restricted cash 0 4,000,000
Short-term investments 14,356,476 23,007,385
Accounts receivable, net 321,809,868 276,493,752
Inventories, net 402,473,028 404,360,270
Prepaid expenses and other 32,663,762 26,036,331
Total current assets 997,738,153 948,652,376
PLANT AND EQUIPMENT:    
Land, buildings and improvements 472,112,320 376,934,354
Machinery and equipment 1,011,930,699 935,848,288
Construction-in-process 158,327,247 165,574,867
Total Plant and Equipment 1,642,370,266 1,478,357,509
Less- Accumulated depreciation (989,492,594) (928,324,473)
Net Plant and Equipment 652,877,672 550,033,036
OTHER ASSETS:    
Goodwill 340,105,631 313,807,494
Long-term investments 299,080,876 202,331,983
Intangible assets, net 214,005,910 219,360,910
Deferred tax asset 41,113,759 25,528,700
Patents and other assets, net 66,515,551 67,515,425
Total Other Assets 960,821,727 828,544,512
TOTAL ASSETS 2,611,437,552 2,327,229,924
CURRENT LIABILITIES:    
Accounts payable 184,398,820 151,740,046
Accrued liabilities:    
Salaries, wages and vacation 22,725,631 17,517,580
Income taxes 693,391 18,726,857
Royalties 20,898,949 19,208,411
Dividends payable 27,774,653 28,100,320
Other 15,117,532 15,259,538
Total current liabilities 271,608,976 250,552,752
OTHER NON-CURRENT LIABILITIES 27,311,507 10,884,351
TOTAL LIABILITIES 298,920,483 261,437,103
SHAREHOLDERS’ INVESTMENT:    
Common stock, par value 0.06 per share; 400,000,000 shares authorized; 231,455,443 and 234,169,335 shares issued and outstanding in 2023 and 2022 respectively. 13,887,326 14,050,160
Additional paid-in capital 968,245,875 917,499,323
Retained earnings 1,336,940,990 1,148,386,272
Accumulated other comprehensive (loss) income:    
Unrealized loss on investments, net (2,022,403) (10,110,695)
Cumulative translation adjustment (4,534,719) (4,032,239)
Total shareholders’ investment 2,312,517,069 2,065,792,821
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT $ 2,611,437,552 $ 2,327,229,924