0000355811 2010-04-01 2010-06-30 0000355811 2009-04-01 2009-06-30 0000355811 2009-01-01 2009-06-30 0000355811 2009-06-30 0000355811 2008-12-31 0000355811 2010-06-30 0000355811 2009-12-31 0000355811 2010-07-23 0000355811 2010-01-01 2010-06-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares false --12-31 Q2 2010 2010-06-30 10-Q 0000355811 139959016 Large Accelerated Filer GENTEX CORP <div> <div>   (2)    In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting of only a normal and recurring nature, necessary to present fairly the financial position of the Registrant as of June 30, 2010, and the results of operations and cash flows for the interim periods presented. </div> </div> 27412894 23769957

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<div> <div style="font-family: 'Times New Roman', serif;"> <div> <div> (9)  Comprehensive income (loss) reflects the change in equity of a business enterprise during   a period from transactions and other events and circumstances from non-owner sources.  For the Company, comprehensive income (loss) represents net income (loss) adjusted for items such as unrealized gains and losses on investments and foreign currency translation adjustments. Comprehensive income (loss) was as follows:   <div style="margin: 0in 0in 0pt 0.5in; font-family: 'Times New Roman', serif; font-size: 10pt; punctuation-wrap: simple;" class="MsoNormal"> <table border="0" cellspacing="0" cellpadding="0" width="500"> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">June 30, 2010 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">June 30, 2009 </td></tr> <tr><td valign="bottom" align="left">Quarter Ended </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$23,884,823 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$19,526,561 </td></tr> <tr><td valign="bottom" align="left">Six Months Ended </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$57,763,874 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$16,721,370 </td></tr></table></div> <div>  </div></div></div></div> </div>

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<div> <div> <div>      <div> <h6 style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt; punctuation-wrap: simple;" align="left">(8)  Stock-Based Compensation Plans</h6>         At June 30, 2010, the Company had two stock option plans, a restricted stock plan and an employee stock purchase plan.  Readers should refer to Note 6 of our consolidated financial statements in our Annual Report on Form 10-K for the calendar year ended December 31, 2009, for additional information related to these stock-based compensation plans.   The Company recognized compensation expense for share-based payments of $2,164,133 and $4,053,105 for the second quarter and six months ended June 30, 2010, respectively.  Compensation cost capitalized as part of inventory as of June 30, 2010, was $125,225.   Employee Stock Option Plan The fair value of each option grant in the Employee Stock Option Plan was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions for the indicated periods:   <div style="margin: 0in 0in 0pt 0.75in; font-family: 'Times New Roman','serif'; font-size: 10pt; punctuation-wrap: simple;" class="MsoNormal"> <table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; margin-left: 6.75pt; font-size: 11pt; margin-right: 6.75pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 185.4pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="247">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 140.1pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="187" colspan="2"> Three Months Ended</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 17.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="23">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 125.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="168" colspan="2"> Six Months Ended</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 185.4pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="247">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 140.1pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="187" colspan="2"> June 30,</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 17.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="23">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 125.9pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="168" colspan="2"> June 30,</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 185.4pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="247">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 76.5pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="102"> <p style="border-bottom: black 1px solid; text-align: center; margin: 0in 16.9pt 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt; punctuation-wrap: simple;" class="MsoNormal" align="center">   2010  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 63.6pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="85">   2009   </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 17.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="23">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 63pt; padding-right: 5.4pt; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="top" width="84"> <p style="border-bottom: black 1px solid; text-align: center; margin: 0in 8.2pt 0pt 0px; font-family: 'Times New Roman','serif'; font-size: 10pt; punctuation-wrap: simple;" class="MsoNormal" align="center">  2010  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 5.4pt; width: 62.9pt; padding-right: 5.4pt; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="top" width="84"> <p style="border-bottom: black 1px solid; text-align: center; margin: 0in 8.1pt 0pt 8.3pt; font-family: 'Times New Roman','serif'; font-size: 10pt; punctuation-wrap: simple;" class="MsoNormal" align="center">  2009  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 185.4pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="247"> Dividend yield</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 76.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="102"> 2.73%</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 63.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="85">   2.61%</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 17.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="23">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 63pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="84"> 2.72%</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 62.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="84"> 2.56%</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 185.4pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="247"> Expected volatility</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 76.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="102"> 41.04%</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 63.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="85"> 38.91%</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 17.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="23">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 63pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="84"> 40.82%</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 62.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="84"> 38.18%</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 185.4pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="247"> Risk-free interest rate   </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 76.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="102"> 1.79%</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 63.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="85"> 2.54%</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 17.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="23">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 63pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="84"> 2.17%</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 62.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="84"> 2.11%</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 185.4pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="247"> Expected term of options (in years)</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 76.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="102"> 4.19</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 63.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="85"> 4.25</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 17.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="23">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 63pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="84"> 4.20</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 62.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="84"> 4.25</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 185.4pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="247"> Weighted-average grant-date fair value</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 76.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="102"> $5.01</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 63.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="85"> $3.26</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 17.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="23">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 63pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="84"> $5.29</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 62.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="84"> $2.92</td></tr></table></div>   The Company determined that all employee groups exhibit similar exercise and post-vesting termination behavior to determine the expected term.  Under the plan, the option exercise price equals the stock's market price on date of grant.  The options vest after one to five years, and expire after five to seven years.   As of June 30, 2010, there was $12,660,692 of unrecognized compensation cost related to share-based payments which is expected to be recognized over the vesting period.   <div> Non-employee Director Stock Option Plan As of June 30, 2010, there was $238,383 of unrecognized compensation cost under this plan related to share-based payments which is expected to be recognized over the balance of the 2010 calendar year.  Under the plan, the option exercise price equals the stock's market price on date of grant.  The options vest after six months, and expire after ten years.   Employee Stock Purchase Plan <h6 style="text-align: left; margin: 0in 0in 0pt 0.25in; font-family: 'Times New Roman','serif'; font-size: 12pt; punctuation-wrap: simple;" align="left">The Company has an Employee Stock Purchase Plan covering 1,200,000 shares that was approved by the shareholders, replacing a prior plan.  Under the plan, the Company sells shares at 85% of the stock's market price at date of purchase.  Under ASC 718, the 15% discounted value is recognized as compensation expense.   </h6>   Restricted Stock Plan The Company has a Restricted Stock Plan covering 2,000,000 shares of common stock that was approved by shareholders.  The purpose of the plan is to permit grants of shares, subject to restrictions, to key employees of the Company as a means of retaining and rewarding them for long-term performance and to increase their ownership in the Company.  Shares awarded under the plan entitle the shareholder to all rights of common stock ownership except that the shares may not be sold, transferred, pledged, exchanged or otherwise disposed of during the restriction period.  The restriction period is determined by the Compensation Committee, appointed by the Board of Directors, but may not exceed ten years under the terms of the plan.  As of June 30, 2010, the Company had unearned stock-based compensation of $5,651,141 associated with these restricted stock grants.  The unearned stock-based compensation related to these grants is being amortized to compensation expense over the applicable restriction periods.  Amortization expense from restricted stock grants in the second quarter and six months ended June 30, 2010, were $371,677 and $817,107, respectively. </div></div>         </div></div> <h6 style="text-align: left; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt; punctuation-wrap: simple;" align="left">  </h6> </div>

0.08

0.09

0.48

0.24

0.08

0.09

0.47

0.24

<div> <div style="font-family: 'Times New Roman', serif;"> (7)   The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share (EPS): <div>   <div style="margin: 0in 0in 0pt 0.5in; font-family: 'Times New Roman', serif; font-size: 10pt; punctuation-wrap: simple;" class="MsoNormal"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" colspan="3" align="center">Quarter Ended June 30, </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" colspan="3" align="center">Six Months Ended June 30, </td></tr> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">2010 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">2009 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">2010 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">2009 </td></tr> <tr><td valign="bottom" align="left">Numerators: </td></tr> <tr><td valign="bottom" align="left">    Numerator for both basic and </td></tr> <tr><td valign="bottom" align="left">      diluted EPS, net income </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 34,057,330 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 12,209,307 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 66,519,460 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 10,652,376 </td></tr> <tr><td> </td></tr> <tr><td valign="bottom" align="left">Denominators: </td></tr> <tr><td valign="bottom" align="left">    Denominator for basic EPS, </td></tr> <tr><td valign="bottom" align="left">      weighted-average shares </td></tr> <tr><td valign="bottom" align="left">      outstanding </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">139,124,771 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">137,163,798 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">138,697,007 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">137,135,407 </td></tr> <tr><td valign="bottom" align="left">    Potentially dilutive shares </td></tr> <tr><td valign="bottom" align="left">      resulting from stock plans </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">1,421,509 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">383,092 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">1,365,635 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">352,424 </td></tr> <tr><td> </td></tr> <tr><td valign="bottom" align="left">    Denominator for diluted EPS </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">140,546,280 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">137,546,890 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">140,062,642 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">137,487,831 </td></tr> <tr><td> </td></tr> <tr><td valign="bottom" align="left">Shares related to stock plans not </td></tr> <tr><td valign="bottom" align="left">included in diluted average common </td></tr> <tr><td valign="bottom" align="left">shares outstanding because their </td></tr> <tr><td valign="bottom" align="left">effect would be antidilutive </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">285,998 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">7,789,220 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">301,038 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">7,807,663 </td></tr></table></div></div></div> </div>

497436

<div> <div style="font-family: 'Times New Roman', serif;">   (5)    Investments   FASB has issued authoritative guidance at ASC 820, "Fair Value Measurements."  This statement established a framework for measuring the fair value of assets and liabilities.  This framework is intended to provide increased consistency in how fair value determinations are made under various existing accounting standards that permit, or in some cases, require estimates of fair-market value.  This standard also expanded financial statement disclosure requirements about a company's use of fair-value measurements, including the effect of such measure on earnings.    The Company adopted the provisions of ASC 820 related to its financial assets and liabilities in 2008, and to its non-financial assets and liabilities in 2009, neither of which had a material impact on the Company's consolidated financial position, results of operations or cash flows.  The Company's investment securities are classified as available for sale and are stated at fair value based on quoted market prices.  Assets or liabilities that have recurring measurements are shown below as of June 30, 2010:   <div style="margin: 0in 0in 0pt 0.25in; font-family: 'Times New Roman', serif; font-size: 10pt; punctuation-wrap: simple;" class="MsoNormal"> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">  </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" colspan="5" align="center">Fair Value Measurements at Reporting Date Using </td></tr> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">  Quoted Prices in</td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center"> </td></tr> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">Active Markets </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">Significant </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">Significant </td></tr> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">for Identical </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">Other Observable </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">Unobservable </td></tr> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">  </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">Assets </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">Inputs </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">Inputs </td></tr> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center"> Total as of</td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center"> </td></tr> <tr><td style="border-bottom: black 1px solid;" valign="bottom" align="left">Description </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right"> June 30, 2010 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right"> (Level 1)</td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right"> (Level 2)</td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right"> (Level 3)</td></tr> <tr><td valign="bottom" align="left">Cash & Cash Equivalents </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 295,234,858 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 295,234,858 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ - </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ - </td></tr> <tr><td valign="bottom" align="left">Short-Term Investments: </td></tr> <tr><td valign="bottom" align="left">    Government Securities </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">35,184,070 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">35,184,070 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td></tr> <tr><td valign="bottom" align="left">    U.S. Treasury Notes </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">50,286,250 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">50,286,250 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td></tr> <tr><td valign="bottom" align="left">    Other </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">143,489 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">143,489 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td></tr> <tr><td valign="bottom" align="left">Long-Term Investments: </td></tr> <tr><td valign="bottom" align="left">    Common Stocks </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">50,370,409 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">50,370,409 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td></tr> <tr><td valign="bottom" align="left">    Mutual Funds - Equity </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">52,676,771 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">52,676,771 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td></tr> <tr><td valign="bottom" align="left">    Limited Partnership - Equity </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">8,972,929 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">8,972,929 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td></tr> <tr><td valign="bottom" align="left">    Certificate of Deposit </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">250,000 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">250,000 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td></tr> <tr><td valign="bottom" align="left">    Other - Equity </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">349,700 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">349,700 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right"> </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right"> </td></tr> <tr><td> </td></tr> <tr><td valign="bottom" align="left">Total </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 493,468,476 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 433,959,297 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 59,509,179 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ - </td></tr></table></div>     The Company determines the fair value of its U.S. Treasury Notes by utilizing monthly valuation statements that are provided by its broker.  The broker bases the investment valuation by using the bid price in the market.  In addition, the Company determines the fair value of its limited partnership equity investments by utilizing monthly valuation statements that are provided by the limited partnership.  The limited partnership bases its equity investment valuations on unadjusted quoted prices in active markets.  Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does not entail a significant degree of judgment.   The amortized cost, unrealized gains and losses, and market value of investment securities are shown as of June 30, 2010:   <table style="border-collapse: collapse; font-family: 'Times New Roman', serif; margin-left: 0.25in; font-size: 10pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="205">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 81pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="108"> </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 85.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="114"> </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 103.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="138"> </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="126"> </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="205">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 81pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="108"> </td> <td style="border-bottom: black 1px solid; padding-bottom: 0in; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" colspan="2"> Unrealized</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="126"> </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="205">  </td> <td style="border-bottom: black 1px solid; padding-bottom: 0in; padding-left: 5.4pt; width: 81pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="108"> Cost</td> <td style="border-bottom: black 1px solid; padding-bottom: 0in; padding-left: 5.4pt; width: 85.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="114"> Gains</td> <td style="border-bottom: black 1px solid; padding-bottom: 0in; padding-left: 5.4pt; width: 103.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="138"> Losses</td> <td style="border-bottom: black 1px solid; padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="126"> Market value</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="205"> Short-Term Investments:</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 81pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="108">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 85.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="114"> </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 103.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="138"> </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="126"> </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="205">   Government Securities   U.S. Treasury Notes   Other Long-Term Investments:   Common Stocks   Mutual Funds-Equity   Limited Partnership – Equity</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 81pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="108"> $   35,175,926 50,221,526 143,489   42,599,856 48,168,541 7,844,023</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 85.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="114"> $       12,776 64,724 -   9,511,823 5,577,327 1,128,906</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 103.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="138">   ($     4,632) - -   (1,741,270) (1,069,097) -</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="126"> $   35,184,070 50,286,250 143,489   50,370,409 52,676,771 8,972,929</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="205">   Certificate of Deposit</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 81pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="108"> 250,000</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 85.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="114"> -</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 103.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="138"> -</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="126"> 250,000</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="205">   Other – Equity</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 81pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="108">             338,506</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 85.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="114">           11,194</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 103.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="138">                    -</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="126">           349,700</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="205">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 81pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="108">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 85.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="114">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 103.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="138">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="126">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="205"> Total</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 81pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="108"> $   184,741,867</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 85.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="114"> $ 16,306,750</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 103.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="138"> ($  2,814,999)</td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="126"> $ 198,233,618</td></tr> <tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 153.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="205">    </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 81pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="108">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 85.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="114">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 103.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="138">  </td> <td style="padding-bottom: 0in; padding-left: 5.4pt; width: 94.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="126">  </td></tr></table>   <div style="font-family: 'Times New Roman', serif;"> Unrealized losses on investments as of June 30, 2010, are as follows:</div>   <div style="margin: 0in 0in 0pt 0.25in; font-family: 'Times New Roman', serif; font-size: 10pt; punctuation-wrap: simple;" class="MsoNormal"> <table border="0" cellspacing="0" cellpadding="0" width="600"> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">Aggregate Unrealized Losses </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">Aggregate Fair Value </td></tr> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="center">  </td></tr> <tr><td valign="bottom" align="left">Less than one year </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right"> ($ 2,814,999)</td> <td valign="bottom" align="right">  </td> <td valign="bottom" align="right"> $ 41,486,148 </td></tr> <tr><td valign="bottom" align="left">Greater than one year </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right"> - </td> <td valign="bottom" align="right">  </td> <td valign="bottom" align="right"> - </td></tr></table></div>   ASC 320, "Accounting for Certain Investments in Debt and Equity Securities", as amended and interpreted, provided guidance on determining when an investment is other than temporarily impaired.  The Company reviews its fixed income and equity investment portfolio for any unrealized losses that would be deemed other-than-temporary and require the recognition of an impairment loss in income.  If the cost of an investment exceeds its fair value, the Company evaluates, among other factors, general market conditions, the duration and extent to which the fair value is less than cost, and the Company's intent and ability to hold the investments.  Management also considers the type of security, related-industry and sector performance, as well as published investment ratings and analyst reports, to evaluate its portfolio.  Once a decline in fair value is determined to be other than temporary, an impairment charge is recorded and a new cost basis in the investment is established.  If market, industry, and/or investee conditions deteriorate, the Company may incur future impairments.  Management considered equity investment losses of $17,909,901 to be other than temporary in 2008.  The Company considered additional equity investment losses of $1,290,590 to be other than temporary in 2009.  Accordingly, the losses were recognized in the consolidated statement of income in their respective reporting periods.  No additional equity investment losses were considered to be other than temporary at June 30, 2010.     Fixed income securities as of June 30, 2010, have contractual maturities as follows:   <div style="margin: 0in 0in 0pt 0.5in; font-family: 'Times New Roman', serif; font-size: 10pt; punctuation-wrap: simple;" class="MsoNormal"> <table border="0" cellspacing="0" cellpadding="0" width="500"> <tr><td valign="bottom" align="left">Due within one year </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$85,613,809 </td></tr> <tr><td valign="bottom" align="left">Due between one and five years </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">250,000 </td></tr> <tr><td valign="bottom" align="left">Due over five years </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">- </td></tr></table></div></div> </div>

-3432131

3463538

-397184

-439689

58104875

35794505

142462195

73893826

1290590

15916013

18302189

98026317

50341065

5263637

6092882

31506857

16283735

2963443

-16806867

-6921077

-22294349

-4765954

-7886131

6612897

-25671717

110930

5483679

12437539

2655958

-27289103

78992662

10504497

13685549

<div> <div style="font-family: 'Times New Roman', serif;"> <div> (6)    Inventories consisted of the following at the respective balance sheet dates:     <div style="margin: 0in 0in 0pt 1in; font-family: 'Times New Roman', serif; font-size: 10pt; punctuation-wrap: simple;" class="MsoNormal"> <table border="0" cellspacing="0" cellpadding="0" width="500"> <tr><td valign="bottom" align="left">  </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">June 30, 2010 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">December 31, 2009 </td></tr> <tr><td valign="bottom" align="left">Raw materials</td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 53,908,490 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$34,041,224 </td></tr> <tr><td valign="bottom" align="left">Work-in-process            </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">9,727,592 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">6,819,243 </td></tr> <tr><td valign="bottom" align="left">Finished goods </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">15,644,631 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">12,748,529 </td></tr> <tr><td valign="bottom" align="left"> </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">$ 79,280,713 </td> <td valign="bottom" align="right">    </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">$53,608,996 </td></tr></table></div></div></div> </div>

53608996

79280713

2060304

867640

1068887

556004

822603489

900402966

58637778

83508936

109155248

112619809

-30068537

-4669099

15722989

-103310297

49537751

67105808

10652376

12209307

66519460

34057330

-2361377

2223884

4631661

1554306

39827485

19716200

49067539

25107067

18277390

16078305

93394656

48786759

<div> (1) The unaudited condensed consolidated financial statements included herein have been prepared by the Registrant, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations, although the Registrant believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the financial statements and notes thereto included in the Registrant's 2009 annual report on Form 10-K. </div>

119659745

126305358

-3131091

1356244

3562774

998302

30283927

30559224

2003

261328

215390

25392689

-11457187

-19095284

197530249

196744410

22601924

11221720

29561140

15222622

438937242

474719319

211173254

117341777

387329889

201560960

<div> <div> (3)    Adoption of New Accounting Standards <div>   In January 2010, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2010-06, "Improving Disclosures about Fair Value Measurements ("ASU 2010-06").  ASU 2010-06 amended ASC 820 to require a number of additional disclosures regarding fair value measurements.  The amended guidance requires entities to disclose the amounts of significant transfers between Level 1 and Level 2 of the fair value hierarchy and the reasons for these transfers, the reasons for any transfers in or out of Level 3, and information in the reconciliation of recurring Level 3 measurements about purchases, sales, issuances and settlements on a gross basis.  The ASU also clarified the requirement for entities to disclose information about both the valuation techniques and inputs used in estimating Level 2 and Level 3 fair value measurements.  The amended guidance was effective for financial periods beginning after December 15, 2009, except the requirement to disclose Level 3 transactions on a gross basis, which becomes effective for financial periods beginning after December 15, 2010.  ASU 2010-06 did not have a material effect on the Company's consolidated financial position or results of operations.  The additional disclosure requirements of ASU 2010-06 have been included in Note 5.</div></div> </div>

<div> (10)     The increase in common stock during the six months ended June 30, 2010, was primarily due to the issuance of 1,619,631 shares of the Company's common stock under its stock-based compensation plans.  The Company has also recorded a $0.11 per share cash dividend in the first and second quarters of 2010.  The second quarter dividend of approximately $15,395,000, was declared on May 17, 2010 and was paid on July 16, 2010. </div>

<div> <div> (4)    Subsequent Events   In 2009, FASB issued authoritative guidance at ASC 855, "Subsequent Events."  The standard established principles and requirements for subsequent events.  The standard also set forth the period after the balance sheet date during which management shall evaluate events/transactions that may occur for potential recognition or disclosure in its financial statements.  The Company has evaluated subsequent events, and concluded that no events have occurred since June 30, 2010 that require disclosure or recognition in its consolidated financial statements.  </div> </div>

<div> <div style="font-family: 'Times New Roman', serif;"> <div>   (11)   The Company currently manufactures electro-optic products, including automatic-dimming rearview mirrors for the automotive industry, and fire protection products for the commercial construction industry.  The Company also develops and manufactures variably dimmable windows for the aerospace industry and non-auto dimming rearview automotive mirrors with electronic features:   <div style="margin: 0in 0in 0pt 0.75in; font-family: 'Times New Roman', serif; font-size: 10pt; punctuation-wrap: simple;" class="MsoNormal"> <table border="0" cellspacing="0" cellpadding="0" width="95%"> <tr><td valign="bottom" align="left"> </td> <td valign="bottom" align="left"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" colspan="3" align="center">Quarter Ended June 30, </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" colspan="3" align="center">Six Months Ended June 30, </td></tr> <tr><td valign="bottom" align="left">Revenue: </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">2010 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">2009 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">2010 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="center">2009 </td></tr> <tr><td valign="bottom" align="left">    Automotive Products </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$196,415,200 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$112,202,030 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$377,943,989 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$201,156,373 </td></tr> <tr><td valign="bottom" align="left">    Other </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">5,145,760 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">5,139,747 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">9,385,900 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">10,016,881 </td></tr> <tr><td valign="bottom" align="left">    Total </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">$201,560,960 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">$117,341,777 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">$387,329,889 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">$211,173,254 </td></tr> <tr><td valign="bottom" align="left">Income (loss) from Operations: </td></tr> <tr><td valign="bottom" align="left">    Automotive Products </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 48,733,906 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 16,410,977 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 93,911,307 </td> <td valign="bottom" align="right"> </td> <td valign="bottom" align="right">$ 18,991,211 </td></tr> <tr><td valign="bottom" align="left">    Other </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">52,853 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">(332,672)</td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">(516,651)</td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 1px solid;" valign="bottom" align="right">(713,821)</td></tr> <tr><td valign="bottom" align="left">    Total </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">$ 48,786,759 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">$ 16,078,305 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">$ 93,394,656 </td> <td valign="bottom" align="right"> </td> <td style="border-bottom: black 3px double;" valign="bottom" align="right">$ 18,277,390 </td></tr></table></div>   The "Other" segment includes Fire Protection Products and Dimmable Aircraft Windows. </div> </div> </div>

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