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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 108,230,714 $ 97,578,261
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,953,768 24,041,648
(Gain) on disposal of assets (25,671) (106,743)
Loss on disposal of assets 6,838 41,843
(Gain) on sale of investments and technology investment income (4,687,471) (1,199,707)
Loss on sale of investments and technology investment losses 10,384,965 1,671,583
Change in deferred income taxes (3,638,218) 141,959
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock 10,473,792 8,519,535
Change in operating assets and liabilities:    
Accounts receivable, net (19,781,263) (56,373,376)
Inventories (34,064,216) 2,590,294
Prepaid expenses and other 4,663,897 (629,502)
Accounts payable 6,080,702 11,112,425
Accrued liabilities, excluding dividends declared 28,279,293 33,525,890
Net cash provided by operating activities 129,877,130 120,914,110
Activity in investments:    
Sales proceeds 16,121,684 3,128,110
Maturities and calls 1,420,000 1,465,000
Purchases (37,537,250) (32,178,155)
Plant and equipment additions (31,871,370) (42,819,075)
Proceeds from sale of plant and equipment 9,500 118,410
Increase in other assets (3,285,058) (2,110,935)
Net cash used for investing activities (55,142,494) (72,396,645)
CASH FLOWS USED FOR FINANCING ACTIVITIES:    
Issuance of common stock from stock plan transactions 16,833,987 5,956,022
Cash dividends paid (27,774,268) (28,099,993)
Repurchases of common stock (41,224,840) (25,675,972)
Net cash used for financing activities (52,165,121) (47,819,943)
NET INCREASE IN CASH AND CASH EQUIVALENTS 22,569,515 697,522
CASH, CASH EQUIVALENTS, and RESTRICTED CASH, beginning of period 226,435,019 218,754,638
CASH, CASH EQUIVALENTS, and RESTRICTED CASH, end of period 249,004,534 219,452,160
Non-cash investing and financing activities:    
Change in property and equipment in accounts payable and accrued expenses and other current liabilities $ 557,154 $ (1,283,303)