Financial Summary
(Thousands of dollars, except per share amounts)		2007	2006	2005	2004	2003
Results of Operations for the Year
Net sales	$	128,255	153,112	168,350	142,017	134,915
Operating income/(loss)	$	19,958	18,721	26,257	23,155	23,857
Net income/(loss)	$	11,111	11,323	14,518	11,093	8,194
Comprehensive income/(loss)		14,638	11,621	14,128	11,205	8,070
Earnings per common share
Basic	$	.89	.91	1.18	.92	.69
Assuming dilution	$	.89	.89	1.17	.91	.69
Cash dividends declared per common share	$	.30	.30	.275	.25	.25
Net cash provided/(required) by
Operating activities	$	28,243	39,148	43,125	42,147	44,209
Investing activities	$	(21,023)	(24,234)	(29,015)	(15,723)	(39,302)
Financing activities	$	(7,906)	(5,192)	(13,332)	(27,252)	(4,277)
Percentage return on
Average stockholders' equity		5.2	5.5	7.6	6.3	5.0
Average borrowed and invested capital		5.7	5.6	7.4	6.2	5.3
Average total assets		3.4	3.5	4.6	3.6	2.6
Capital Expenditures for the Year
Woodlands	$	4,978	3,333	7,062	6,686	12,408
Mills		5,345	8,763	10,732	4,797	3,405
Real Estate		10,171	15,612	15,379	12,519	11,198
Corporate		74	59	74	165	211
Discontinued agricultural operations		-	-	-	-	-
	$	20,568	27,767	33,247	24,167	27,222
Financial Condition at Year-end
Working capital	$	7,285	12,710	7,027	6,481	7,501
Current ratio		1.46 to 1	2.15 to 1	1.57 to 1	1.73 to 1	2.08 to 1
Total assets	$	328,744	316,327	316,327	307,580	313,350
Long-term debt	$	66,667	70,000	74,500	85,724	115,056
Redeemable preferred stock	$	-	-	-	-	-
Stockholders' equity	$	218,086	207,481	198,244	184,091	169,470
Long-term debt to stockholders' equity ratio	$	.306 to 1	.337 to 1	.376 to 1	.466 to 1	.679 to 1