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Unaudited Condensed Consolidated Statements of Income (USD $) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013
Income Statement [Abstract] |  |  |  |
NET SALES | $ 338,436,964 | $ 286,973,898 | $ 674,176,308 | $ 556,472,867
COST OF GOODS SOLD | 204,144,736 | 184,361,279 | 408,585,273 | 360,396,745
Gross profit | 134,292,228 | 102,612,619 | 265,591,035 | 196,076,122
OPERATING EXPENSES: |  |  |  |
Engineering, research and development | 20,234,074 | 18,864,182 | 40,723,301 | 37,547,758
Selling, general & administrative | 14,222,716 | 12,152,166 | 27,854,750 | 23,078,454
Total operating expenses | 34,456,790 | 31,016,348 | 68,578,051 | 60,626,212
Income from operations | 99,835,438 | 71,596,271 | 197,012,984 | 135,449,910
OTHER INCOME |  |  |  |
Investment income | 398,005 | 625,717 | 723,163 | 1,121,130
Other, net | 5,388,560 | 4,906,951 | 9,577,946 | 6,311,811
Total other income | 5,786,565 | 5,532,668 | 10,301,109 | 7,432,941
Income before provision for income taxes | 105,622,003 | 77,128,939 | 207,314,093 | 142,882,851
PROVISION FOR INCOME TAXES | 28,895,257 | 25,031,542 | 62,021,276 | 45,354,887
NET INCOME | $ 76,726,746 | $ 52,097,397 | $ 145,292,817 | $ 97,527,964
EARNINGS PER SHARE: |  |  |  |
Basic (in dollars per share) | $ 0.53 | $ 0.36 | $ 1.00 | $ 0.68
Diluted (in dollars per share) | $ 0.52 | $ 0.36 | $ 0.99 | $ 0.68
Cash Dividends Declared per Share (in dollars per share) | $ 0.16 | $ 0.14 | $ 0.3 | $ 0.28

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