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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 404,487,743 $ 428,403,272 $ 318,757,352
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 94,714,662 93,321,192 96,568,443
Gain on disposal of assets (1,294,798) (355,544) (70,736)
Loss on disposal of assets 90,145 443,373 28,424
Gain on sale of investments and equity method investment income (5,365,966) (5,492,269) (392,040)
Loss on sale of investments and equity method investment losses 9,991,670 11,476,947 2,104,907
Deferred income taxes (12,421,412) (17,735,110) (17,777,777)
Stock based compensation expense related to employee stock options, employee stock purchases and restricted stock 39,539,362 39,197,422 30,228,606
Impairment Charges 8,864,704 0 0
Change in operating assets and liabilities:      
Accounts receivable 27,106,680 (45,251,116) (26,698,846)
Inventories (32,624,417) 2,127,242 (88,092,828)
Prepaid expenses and other (9,873,572) (4,101,866) (28,788,331)
Accounts payable (26,021,165) 40,951,490 37,423,488
Accrued liabilities 1,019,584 (5,735,441) 14,909,867
Net cash flows from operating activities 498,213,220 537,249,592 338,200,529
Activity in available-for-sale securities:      
Sales proceeds 42,675,048 58,847,341 37,429,595
Maturities and calls 16,235,000 17,445,000 3,500,000
Purchases (51,086,506) (80,908,455) (17,810,350)
VOXX share purchases (31,450,000) (16,941,043) (383,843)
Purchase of technology investments (27,659,631) (71,083,511) (45,743,460)
Plant and equipment additions (144,669,002) (183,678,460) (146,433,123)
Proceeds from sale of plant and equipment 3,310,600 292,723 313,917
Acquisition of businesses, net of cash acquired (2,870,769) (18,936,539) 0
Increase in other assets (6,563,157) (4,453,376) (3,611,244)
Net cash used for investing activities (202,078,417) (299,416,320) (172,738,508)
CASH FLOWS USED FOR FINANCING ACTIVITIES:      
Issuance of common stock from stock plan transactions 27,295,127 29,398,272 16,602,274
Cash dividends paid (110,438,045) (112,150,060) (113,091,921)
Repurchases of common stock (206,108,138) (147,401,103) (112,529,406)
Net cash used for financing activities (289,251,056) (230,152,891) (209,019,053)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 6,883,747 7,680,381 (43,557,032)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, Beginning of year 226,435,019 218,754,638 262,311,670
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, End of year 233,318,766 226,435,019 218,754,638
Non-cash investing and financing activities:      
Change in Property and equipment in accounts payable and accrued expenses and other current liabilities $ (9,802,961) $ 6,927,750 $ 14,608,665