The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBVIE INC COM 00287Y109 45,474 1,100,001 SH   SOLE   393,660 0 706,341
ABERCROMBIE & FITCH CO CL A 002896207 6,073 134,200 SH   SOLE   0 0 134,200
ABM INDS INC COM 000957100 47,545 1,939,802 SH   SOLE   1,130,119 0 809,683
ACACIA RESH CORP ACACIA TCH COM 003881307 23,312 1,043,040 SH   SOLE   625,715 0 417,325
ADTRAN INC COM 00738A106 20,235 821,908 SH   SOLE   483,539 0 338,369
AEROPOSTALE COM 007865108 3,934 285,090 SH   SOLE   0 0 285,090
ALLIANCE BANCORP INC PA NEW COM 01890a108 7,191 492,174 SH   SOLE   438,216 0 53,958
ALON USA PARTNERS LP UT LTDPART INT 02052T109 228 9,600 SH   SOLE   0 0 9,600
AMCOL INTL CORP COM 02341W103 25,640 809,087 SH   SOLE   479,085 0 330,002
AMERICAN AXLE & MFG HLDGS IN COM 024061103 6,995 375,468 SH   SOLE   0 0 375,468
AMERICAN INTL GROUP INC COM NEW 026874784 11,658 260,800 SH   SOLE   0 0 260,800
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 2,179 126,700 SH   SOLE   0 0 126,700
AMERICAN SOFTWARE INC CL A 029683109 2,948 339,242 SH   SOLE   297,962 0 41,280
AMPCO-PITTSBURGH CORP COM 032037103 6,781 361,257 SH   SOLE   321,773 0 39,484
AMREIT INC NEW CL B 03216B208 6,296 325,567 SH   SOLE   285,937 0 39,630
ANDERSONS INC COM 034164103 19,436 365,410 SH   SOLE   220,694 0 144,716
ANWORTH MORTGAGE ASSET CP COM 037347101 35,075 6,263,307 SH   SOLE   3,566,385 0 2,696,922
APOLLO RESIDENTIAL MTG INC COM 03763V102 8,135 493,644 SH   SOLE   39,200 0 454,444
ARBOR RLTY TR INC COM 038923108 526 83,800 SH   SOLE   0 0 83,800
ARCHER DANIELS MIDLAND CO COM 039483102 49,920 1,472,132 SH   SOLE   485,120 0 987,012
ARES COML REAL ESTATE CORP COM 04013V108 1,345 105,000 SH   SOLE   0 0 105,000
ARKANSAS BEST CORP DEL COM 040790107 4,875 212,400 SH   SOLE   57,100 0 155,300
ASSOCIATED ESTATES RLTY CORP COM 045604105 804 50,000 SH   SOLE   0 0 50,000
ASTORIA FINL CORP COM 046265104 28,133 2,609,765 SH   SOLE   1,575,305 0 1,034,460
AT&T INC COM 00206R102 94,280 2,663,288 SH   SOLE   965,140 0 1,698,148
BAKER HUGHES INC COM 057224107 378 8,200 SH   SOLE   8,200 0 0
BALDWIN & LYONS INC CL B 057755209 6,972 287,135 SH   SOLE   252,205 0 34,930
BANK NEW YORK MELLON CORP COM 064058100 71,473 2,548,053 SH   SOLE   921,450 0 1,626,603
BANK OF AMERICA CORPORATION COM 060505104 9,328 725,350 SH   SOLE   0 0 725,350
BAXTER INTL INC COM 071813109 58,049 838,006 SH   SOLE   302,900 0 535,106
BB&T CORP COM 054937107 96,871 2,859,233 SH   SOLE   1,042,720 0 1,816,513
BEBE STORES INC COM 075571109 15,164 2,703,052 SH   SOLE   2,435,362 0 267,690
BED BATH & BEYOND INC COM 075896100 4,615 65,043 SH   SOLE   0 0 65,043
BEL FUSE INC CL B 077347300 8,774 652,326 SH   SOLE   581,725 0 70,601
BERKSHIRE HILLS BANCORP INC COM 084680107 1,837 66,179 SH   SOLE   58,867 0 7,312
BOLT TECHNOLOGY CORP COM 097698104 5,410 316,724 SH   SOLE   284,827 0 31,897
BOX SHIPS INCORPORATED SHS Y09675102 1,922 505,728 SH   SOLE   0 0 505,728
BRADY CORP CL A 104674106 18,911 615,387 SH   SOLE   362,408 0 252,979
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 8,179 402,905 SH   SOLE   47,096 0 355,809
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 10,923 495,148 SH   SOLE   53,240 0 441,908
BROOKLINE BANCORP INC DEL COM 11373m107 26,516 3,054,887 SH   SOLE   1,855,346 0 1,199,541
BROOKS AUTOMATION INC COM 114340102 29,435 3,025,201 SH   SOLE   1,793,261 0 1,231,940
C D I CORP COM 125071100 5,964 421,205 SH   SOLE   375,735 0 45,470
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 67,341 1,195,896 SH   SOLE   443,250 0 752,646
CABOT CORP COM 127055101 37,582 1,004,329 SH   SOLE   604,798 0 399,531
CAL DIVE INTL INC DEL COM 12802T101 216 115,000 SH   SOLE   115,000 0 0
CALAMOS ASSET MGMT INC CL A 12811R104 8,405 800,515 SH   SOLE   721,538 0 78,977
CAMPUS CREST CMNTYS INC COM 13466Y105 26,271 2,276,516 SH   SOLE   1,365,710 0 910,806
CAPITOL FED FINL INC COM 14057j101 29,207 2,404,864 SH   SOLE   1,457,687 0 947,177
CAPLEASE INC COM 140288101 2,533 300,067 SH   SOLE   268,387 0 31,680
CAPSTEAD MTG CORP COM NO PAR 14067E506 31,383 2,593,630 SH   SOLE   1,553,780 0 1,039,850
CARDINAL HEALTH INC COM 14149Y108 47,166 999,270 SH   SOLE   361,900 0 637,370
CATERPILLAR INC DEL COM 149123101 88,145 1,068,553 SH   SOLE   391,400 0 677,153
CHEROKEE INC DEL NEW COM 16444H102 9,335 730,455 SH   SOLE   628,977 0 101,478
CISCO SYS INC COM 17275R102 67,895 2,790,027 SH   SOLE   1,020,100 0 1,769,927
CIT GROUP INC COM NEW 125581801 8,427 180,718 SH   SOLE   21,000 0 159,718
CITIGROUP INC *W EXP 01/04/201 172967226 2,117 2,693,500 SH   SOLE   0 0 2,693,500
CITIGROUP INC COM NEW 172967424 10,942 228,092 SH   SOLE   0 0 228,092
CLIFTON SVGS BANCORP INC COM 18712Q103 8,309 701,184 SH   SOLE   623,259 0 77,925
COACH INC COM 189754104 62,863 1,101,120 SH   SOLE   379,265 0 721,855
COHU INC COM 192576106 35,947 2,875,720 SH   SOLE   2,107,326 0 768,394
COMFORT SYS USA INC COM 199908104 9,280 622,008 SH   SOLE   560,733 0 61,275
COMMUNICATIONS SYS INC COM 203900105 4,212 437,859 SH   SOLE   393,409 0 44,450
COSTAMARE INC SHS Y1771G102 1,000 58,013 SH   SOLE   0 0 58,013
CTS CORP COM 126501105 5,859 429,537 SH   SOLE   383,572 0 45,965
CULLEN FROST BANKERS INC COM 229899109 46,309 693,556 SH   SOLE   254,555 0 439,001
CURTISS WRIGHT CORP COM 231561101 41,763 1,126,891 SH   SOLE   684,257 0 442,634
CVB FINL CORP COM 126600105 25,396 2,159,526 SH   SOLE   1,277,486 0 882,040
CVR REFNG LP COMUNIT REP LT 12663P107 4,132 137,470 SH   SOLE   9,000 0 128,470
CYS INVTS INC COM 12673A108 5,323 578,000 SH   SOLE   45,000 0 533,000
DAKTRONICS INC COM 234264109 10,602 1,033,344 SH   SOLE   920,689 0 112,655
DANA HLDG CORP COM 235825205 7,058 366,480 SH   SOLE   165,194 0 201,286
DANAOS CORPORATION SHS Y1968P105 17,314 3,971,176 SH   SOLE   293,743 0 3,677,433
DEERE & CO COM 244199105 61,539 757,397 SH   SOLE   275,450 0 481,947
DELPHI AUTOMOTIVE PLC SHS G27823106 5,596 110,400 SH   SOLE   0 0 110,400
DEUTSCHE BANK AG NAMEN AKT D18190898 7,697 183,480 SH   SOLE   30,990 0 152,490
DIAMONDBACK ENERGY INC COM 25278X109 2,749 82,500 SH   SOLE   0 0 82,500
DIANA CONTAINERSHIPS INC COM Y2069P101 896 209,726 SH   SOLE   0 0 209,726
DIEBOLD INC COM 253651103 35,623 1,057,386 SH   SOLE   642,201 0 415,185
DIME CMNTY BANCSHARES COM 253922108 7,809 509,701 SH   SOLE   458,784 0 50,917
DONEGAL GROUP INC CL A 257701201 10,541 754,515 SH   SOLE   678,691 0 75,824
DONNELLEY R R & SONS CO COM 257867101 29,012 2,070,774 SH   SOLE   746,000 0 1,324,774
DOUGLAS DYNAMICS INC COM 25960r105 9,276 714,636 SH   SOLE   637,269 0 77,367
DOW CHEM CO COM 260543103 88,219 2,742,270 SH   SOLE   1,000,750 0 1,741,520
DU PONT E I DE NEMOURS & CO COM 263534109 91,171 1,736,582 SH   SOLE   633,240 0 1,103,342
DYNAMIC MATLS CORP COM 267888105 8,313 503,508 SH   SOLE   442,317 0 61,191
DYNEX CAP INC COM NEW 26817Q506 10,069 988,162 SH   SOLE   868,060 0 120,102
EASTERN CO COM 276317104 1,684 105,269 SH   SOLE   92,459 0 12,810
EASTERN INS HLDGS INC COM 276534104 5,613 299,366 SH   SOLE   266,515 0 32,851
ELECTRO SCIENTIFIC INDS COM 285229100 14,025 1,303,467 SH   SOLE   1,175,527 0 127,940
ELLINGTON FINANCIAL LLC COM 288522303 9,024 395,602 SH   SOLE   24,200 0 371,402
EMERSON ELEC CO COM 291011104 87,383 1,602,189 SH   SOLE   578,340 0 1,023,849
ENCANA CORP COM 292505104 35,998 2,125,011 SH   SOLE   787,300 0 1,337,711
ENNIS INC COM 293389102 8,188 473,592 SH   SOLE   415,996 0 57,596
ESSA BANCORP INC COM 29667D104 8,021 731,837 SH   SOLE   652,397 0 79,440
ETHAN ALLEN INTERIORS INC COM 297602104 24,553 852,531 SH   SOLE   432,201 0 420,330
EXCEL TR INC COM 30068C109 499 38,950 SH   SOLE   38,950 0 0
EXXON MOBIL CORP COM 30231g102 91,552 1,013,303 SH   SOLE   395,590 0 617,713
FBR & CO COM NEW 30247C400 10,029 398,616 SH   SOLE   34,177 0 364,439
FINISH LINE INC CL A 317923100 43,712 1,999,655 SH   SOLE   1,052,424 0 947,231
FIRST BANCORP INC ME COM 31866P102 4,106 234,919 SH   SOLE   206,379 0 28,540
FIRST FINL BANCORP OH COM 320209109 26,872 1,803,514 SH   SOLE   1,088,844 0 714,670
FLAGSTAR BANCORP INC COM PAR .001 337930705 2,094 150,000 SH   SOLE   0 0 150,000
FLUSHING FINL CORP COM 343873105 6,709 407,831 SH   SOLE   363,176 0 44,655
FOOT LOCKER INC COM 344849104 71,406 2,032,610 SH   SOLE   745,360 0 1,287,250
FORTRESS INVESTMENT GROUP LL CL A 34958B106 7,628 1,162,854 SH   SOLE   105,248 0 1,057,606
FORWARD AIR CORP COM 349853101 20,317 530,752 SH   SOLE   320,036 0 210,716
FREDS INC CL A 356108100 20,443 1,319,771 SH   SOLE   900,933 0 418,838
FREEPORT-MCMORAN COPPER & GO COM 35671D857 74,922 2,713,600 SH   SOLE   986,700 0 1,726,900
FREIGHTCAR AMER INC COM 357023100 7,245 426,440 SH   SOLE   374,530 0 51,910
FULL HOUSE RESORTS INC COM 359678109 1,079 399,733 SH   SOLE   0 0 399,733
GENERAL DYNAMICS CORP COM 369550108 44,371 566,457 SH   SOLE   209,800 0 356,657
GENERAL ELECTRIC CO COM 369604103 66,694 2,876,000 SH   SOLE   1,053,400 0 1,822,600
GENERAL MTRS CO *W EXP 07/10/201 37045V126 10,570 646,480 SH   SOLE   35,000 0 611,480
GLADSTONE LD CORP COM 376549101 8,502 502,199 SH   SOLE   452,609 0 49,590
GLOBAL CASH ACCESS HLDGS INC COM 378967103 4,085 652,533 SH   SOLE   0 0 652,533
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 12,505 775,759 SH   SOLE   666,399 0 109,360
GLOBAL SHIP LEASE INC NEW SHS A Y27183105 21,939 5,512,214 SH   SOLE   297,427 0 5,214,787
GLOBE SPECIALTY METALS INC COM 37954N206 25,983 2,390,367 SH   SOLE   1,444,347 0 946,020
GRANITE CONSTR INC COM 387328107 38,794 1,303,573 SH   SOLE   775,405 0 528,168
GREAT LAKES DREDGE & DOCK CO COM 390607109 11,491 1,469,397 SH   SOLE   1,319,733 0 149,664
GUESS INC COM 401617105 122,938 3,961,916 SH   SOLE   1,593,089 0 2,368,827
GULF ISLAND FABRICATION INC COM 402307102 13,100 684,058 SH   SOLE   616,416 0 67,642
GULFMARK OFFSHORE INC CL A NEW 402629208 22,213 492,646 SH   SOLE   296,675 0 195,971
HANOVER INS GROUP INC COM 410867105 20,110 410,996 SH   SOLE   239,038 0 171,958
HARSCO CORP COM 415864107 64,523 2,782,384 SH   SOLE   1,231,394 0 1,550,990
HARTFORD FINL SVCS GROUP INC COM 416515104 2,551 82,500 SH   SOLE   0 0 82,500
HAYNES INTERNATIONAL INC COM NEW 420877201 15,973 333,668 SH   SOLE   190,721 0 142,947
HERCULES TECH GROWTH CAP INC COM 427096508 21,601 1,549,567 SH   SOLE   939,441 0 610,126
HF FINL CORP COM 404172108 2,551 196,067 SH   SOLE   174,419 0 21,648
HILL ROM HLDGS INC COM 431475102 13,212 392,269 SH   SOLE   234,152 0 158,117
HILLENBRAND INC COM 431571108 9,779 412,457 SH   SOLE   233,407 0 179,050
HOME FED BANCORP INC MD COM 43710G105 5,449 427,701 SH   SOLE   386,355 0 41,346
HOUSTON WIRE & CABLE CO COM 44244K109 7,652 552,855 SH   SOLE   472,910 0 79,945
HOWARD HUGHES CORP COM 44267D107 10,304 91,926 SH   SOLE   13,300 0 78,626
HUNTSMAN CORP COM 447011107 42,362 2,558,114 SH   SOLE   925,500 0 1,632,614
IBERIABANK CORP COM 450828108 30,005 559,695 SH   SOLE   337,613 0 222,082
ICICI BK LTD ADR 45104G104 208 5,440 SH   SOLE   0 0 5,440
INFINITY PPTY & CAS CORP COM 45665Q103 33,543 561,297 SH   SOLE   340,259 0 221,038
ING U S INC COM 45685E106 3,734 138,000 SH   SOLE   0 0 138,000
INTEL CORP COM 458140100 93,785 3,870,628 SH   SOLE   1,410,760 0 2,459,868
INTERNATIONAL BUSINESS MACHS COM 459200101 69,948 366,010 SH   SOLE   133,730 0 232,280
INTERNATIONAL GAME TECHNOLOG COM 459902102 6,383 381,990 SH   SOLE   37,890 0 344,100
INTERSIL CORP CL A 46069S109 38,248 4,903,644 SH   SOLE   2,967,629 0 1,936,015
ISHARES INC MSCI TAIWAN 464286731 1,007 75,710 SH   SOLE   75,710 0 0
ISTAR FINL INC COM 45031U101 1,611 142,650 SH   SOLE   0 0 142,650
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 1,709 132,290 SH   SOLE   69,205 0 63,085
IXYS CORP COM 46600W106 11,375 1,028,450 SH   SOLE   928,400 0 100,050
JAKKS PAC INC COM 47012E106 13,162 1,169,957 SH   SOLE   1,054,835 0 115,122
JETBLUE AIRWAYS CORP COM 477143101 1,896 301,500 SH   SOLE   0 0 301,500
JMP GROUP INC COM 46629U107 10,110 1,522,522 SH   SOLE   1,355,572 0 166,950
JOHNSON & JOHNSON COM 478160104 66,599 775,669 SH   SOLE   285,625 0 490,044
JOHNSON CTLS INC COM 478366107 85,236 2,381,563 SH   SOLE   865,250 0 1,516,313
JONES GROUP INC COM 48020t101 26,423 1,921,683 SH   SOLE   974,978 0 946,705
JPMORGAN CHASE & CO COM 46625h100 85,123 1,612,484 SH   SOLE   578,480 0 1,034,004
KAYDON CORP COM 486587108 35,339 1,282,717 SH   SOLE   765,617 0 517,100
KELLOGG CO COM 487836108 52,493 817,262 SH   SOLE   299,000 0 518,262
KINDER MORGAN INC DEL COM 49456B101 53,296 1,397,018 SH   SOLE   508,950 0 888,068
KNIGHT TRANSN INC COM 499064103 33,929 2,017,203 SH   SOLE   1,198,304 0 818,899
KOHLS CORP COM 500255104 59,075 1,169,572 SH   SOLE   429,855 0 739,717
KRONOS WORLDWIDE INC COM 50105F105 19,722 1,214,406 SH   SOLE   728,044 0 486,362
LANDAUER INC COM 51476K103 10,539 218,157 SH   SOLE   193,907 0 24,250
LAS VEGAS SANDS CORP COM 517834107 8,765 165,600 SH   SOLE   17,500 0 148,100
LAWSON PRODS INC COM 520776105 2,657 206,966 SH   SOLE   185,117 0 21,849
LEAR CORP COM NEW 521865204 11,738 194,151 SH   SOLE   19,500 0 174,651
LIMONEIRA CO COM 532746104 1,121 54,093 SH   SOLE   7,718 0 46,375
LINEAR TECHNOLOGY CORP COM 535678106 64,443 1,749,263 SH   SOLE   646,160 0 1,103,103
LSI INDS INC COM 50216C108 10,437 1,290,145 SH   SOLE   1,148,957 0 141,188
M & T BK CORP COM 55261F104 24,396 218,305 SH   SOLE   65,800 0 152,505
MACYS INC COM 55616P104 6,629 138,100 SH   SOLE   0 0 138,100
MARATHON OIL CORP COM 565849106 78,012 2,255,988 SH   SOLE   823,180 0 1,432,808
MARINE PRODS CORP COM 568427108 5,752 717,148 SH   SOLE   640,614 0 76,534
MATERION CORP COM 576690101 5,805 214,273 SH   SOLE   193,249 0 21,024
MBIA INC COM 55262C100 5,872 441,200 SH   SOLE   0 0 441,200
MEADOWBROOK INS GROUP INC COM 58319P108 11,673 1,453,626 SH   SOLE   968,330 0 485,296
MEDTRONIC INC COM 585055106 44,485 864,287 SH   SOLE   310,520 0 553,767
MENS WEARHOUSE INC COM 587118100 30,097 795,160 SH   SOLE   481,729 0 313,431
MERCURY GENL CORP NEW COM 589400100 26,403 600,618 SH   SOLE   219,056 0 381,562
MERIDIAN BIOSCIENCE INC COM 589584101 25,969 1,207,869 SH   SOLE   727,916 0 479,953
MERITOR INC COM 59001K100 7,367 1,045,000 SH   SOLE   110,000 0 935,000
MET PRO CORP COM 590876306 3,643 271,082 SH   SOLE   242,328 0 28,754
METHODE ELECTRS INC COM 591520200 2,946 173,176 SH   SOLE   132,037 0 41,139
METLIFE INC COM 59156R108 48,051 1,050,064 SH   SOLE   379,300 0 670,764
MFA FINL INC COM 55272X102 12,540 1,484,000 SH   SOLE   181,500 0 1,302,500
MGIC INVT CORP WIS COM 552848103 3,176 523,200 SH   SOLE   70,600 0 452,600
MICREL INC COM 594793101 40,975 4,147,224 SH   SOLE   2,503,659 0 1,643,565
MICROCHIP TECHNOLOGY INC COM 595017104 55,484 1,489,495 SH   SOLE   549,845 0 939,650
MICROSOFT CORP COM 594918104 87,842 2,542,838 SH   SOLE   921,179 0 1,621,659
MIDDLEBURG FINANCIAL CORP COM 596094102 4,409 230,826 SH   SOLE   205,524 0 25,302
MILLER INDS INC TENN COM NEW 600551204 2,512 163,357 SH   SOLE   143,497 0 19,860
MKS INSTRUMENT INC COM 55306N104 29,200 1,100,238 SH   SOLE   662,598 0 437,640
MOLSON COORS BREWING CO CL B 60871R209 49,827 1,041,102 SH   SOLE   387,665 0 653,437
MORGAN STANLEY COM NEW 617446448 60,598 2,480,489 SH   SOLE   889,350 0 1,591,139
MOSAIC CO NEW COM 61945C103 43,766 813,351 SH   SOLE   297,450 0 515,901
MULTI COLOR CORP COM 625383104 8,465 279,009 SH   SOLE   251,704 0 27,305
MURPHY OIL CORP COM 626717102 68,556 1,125,901 SH   SOLE   417,290 0 708,611
NATIONAL BK HLDGS CORP CL A 633707104 21,090 1,070,560 SH   SOLE   644,275 0 426,285
NATIONAL FUEL GAS CO N J COM 636180101 40,620 700,956 SH   SOLE   257,870 0 443,086
NATIONSTAR MTG HLDGS INC COM 63861C109 2,022 54,000 SH   SOLE   0 0 54,000
NEW RESIDENTIAL INVT CORP COM 64828T102 30,318 4,498,228 SH   SOLE   2,428,149 0 2,070,079
NEWCASTLE INVT CORP COM 65105M108 10,612 2,029,100 SH   SOLE   245,000 0 1,784,100
NEXTERA ENERGY INC COM 65339F101 39,470 484,411 SH   SOLE   176,750 0 307,661
NORANDA ALUM HLDG CORP COM 65542W107 14,255 4,413,455 SH   SOLE   2,971,313 0 1,442,142
NORFOLK SOUTHERN CORP COM 655844108 43,050 592,571 SH   SOLE   216,565 0 376,006
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 6,865 285,800 SH   SOLE   0 0 285,800
NORTHERN TR CORP COM 665859104 74,702 1,290,185 SH   SOLE   472,620 0 817,565
NORTHSTAR RLTY FIN CORP COM 66704R100 6,780 745,042 SH   SOLE   42,200 0 702,842
NU SKIN ENTERPRISES INC CL A 67018T105 45,769 748,844 SH   SOLE   273,600 0 475,244
NUCOR CORP COM 670346105 62,451 1,441,631 SH   SOLE   526,280 0 915,351
OCCIDENTAL PETE CORP DEL COM 674599105 100,618 1,127,627 SH   SOLE   409,570 0 718,057
ORITANI FINL CORP DEL COM 68633D103 4,356 277,779 SH   SOLE   157,263 0 120,516
PACIFIC CONTINENTAL CORP COM 69412V108 9,694 821,557 SH   SOLE   731,017 0 90,540
PANHANDLE OIL AND GAS INC CL A 698477106 3,753 131,687 SH   SOLE   117,749 0 13,938
PARK ELECTROCHEMICAL CORP COM 700416209 1,854 77,213 SH   SOLE   67,800 0 9,413
PARKER HANNIFIN CORP COM 701094104 69,369 727,136 SH   SOLE   265,150 0 461,986
PENN WEST PETE LTD NEW COM 707887105 40,733 3,850,017 SH   SOLE   1,444,980 0 2,405,037
PEOPLES FINL CORP MISS COM 71103B102 5,389 403,700 SH   SOLE   359,183 0 44,517
PEOPLES UNITED FINANCIAL INC COM 712704105 32,851 2,204,757 SH   SOLE   818,290 0 1,386,467
PERFORMANT FINL CORP COM 71377E105 4,997 431,117 SH   SOLE   44,150 0 386,967
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 179 12,220 SH   SOLE   0 0 12,220
PG&E CORP COM 69331C108 46,149 1,009,163 SH   SOLE   368,170 0 640,993
PHILIP MORRIS INTL INC COM 718172109 65,065 751,151 SH   SOLE   281,951 0 469,200
PINNACLE FOODS INC DEL COM 72348P104 4,715 195,253 SH   SOLE   0 0 195,253
PITNEY BOWES INC COM 724479100 32,938 2,243,760 SH   SOLE   818,950 0 1,424,810
PNC FINL SVCS GROUP INC COM 693475105 48,063 659,116 SH   SOLE   241,463 0 417,653
PRECISION DRILLING CORP COM 2010 74022D308 40,696 4,759,743 SH   SOLE   1,789,302 0 2,970,441
PROVIDENT NEW YORK BANCORP COM 744028101 5,571 596,480 SH   SOLE   531,832 0 64,648
PRUDENTIAL FINL INC COM 744320102 90,551 1,239,915 SH   SOLE   444,950 0 794,965
PSYCHEMEDICS CORP COM NEW 744375205 6,233 580,372 SH   SOLE   515,912 0 64,460
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 4,821 739,370 SH   SOLE   657,970 0 81,400
QUALCOMM INC COM 747525103 78,269 1,281,203 SH   SOLE   465,990 0 815,213
QUALITY SYS INC COM 747582104 17,861 954,630 SH   SOLE   575,170 0 379,460
RAIT FINANCIAL TRUST COM NEW 749227609 8,119 1,079,715 SH   SOLE   125,278 0 954,437
RCS CAP CORP COM CL A 74937W102 593 35,000 SH   SOLE   0 0 35,000
REGIS CORP MINN COM 758932107 11,268 686,257 SH   SOLE   388,589 0 297,668
RESOURCES CONNECTION INC COM 76122q105 43,109 3,716,330 SH   SOLE   2,446,783 0 1,269,547
RICKS CABARET INTL INC COM NEW 765641303 766 88,800 SH   SOLE   88,800 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 19,108 994,189 SH   SOLE   599,549 0 394,640
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 26,586 416,706 SH   SOLE   132,800 0 283,906
SCHAWK INC CL A 806373106 8,534 649,949 SH   SOLE   571,082 0 78,867
SCHNITZER STL INDS CL A 806882106 22,446 960,036 SH   SOLE   580,855 0 379,181
SCIENTIFIC GAMES CORP CL A 80874P109 1,616 143,600 SH   SOLE   0 0 143,600
SCORPIO TANKERS INC SHS Y7542C106 3,214 357,855 SH   SOLE   57,389 0 300,466
SEALED AIR CORP NEW COM 81211K100 19,551 816,331 SH   SOLE   262,300 0 554,031
SEARS HOMETOWN & OUTLET STOR COM 812362101 3,620 82,800 SH   SOLE   8,800 0 74,000
SIERRA BANCORP COM 82620P102 5,348 361,349 SH   SOLE   326,043 0 35,306
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 9,173 351,593 SH   SOLE   313,018 0 38,575
SIMPLICITY BANCORP COM 828867101 476 32,800 SH   SOLE   28,820 0 3,980
SIMPSON MANUFACTURING CO INC COM 829073105 27,343 929,400 SH   SOLE   563,965 0 365,435
SOTHEBYS COM 835898107 27,223 718,087 SH   SOLE   408,808 0 309,279
SPARTAN MTRS INC COM 846819100 6,299 1,029,280 SH   SOLE   915,765 0 113,515
SPARTAN STORES INC COM 846822104 4,599 249,409 SH   SOLE   218,955 0 30,454
STANDARD PAC CORP NEW COM 85375C101 5,317 638,289 SH   SOLE   0 0 638,289
STATOIL ASA SPONSORED ADR 85771P102 61,050 2,950,708 SH   SOLE   1,148,750 0 1,801,958
STEEL DYNAMICS INC COM 858119100 55,251 3,705,662 SH   SOLE   1,358,744 0 2,346,918
STELLARONE CORP COM 85856G100 6,619 336,868 SH   SOLE   300,300 0 36,568
STERIS CORP COM 859152100 19,974 465,813 SH   SOLE   281,795 0 184,018
STERLING BANCORP COM 859158107 24,267 2,088,346 SH   SOLE   1,352,817 0 735,529
STERLING FINL CORP WASH COM NEW 859319303 21,198 891,414 SH   SOLE   523,126 0 368,288
SUMMIT HOTEL PPTYS COM 866082100 17,068 1,806,106 SH   SOLE   1,065,420 0 740,686
SUNTRUST BKS INC COM 867914103 60,179 1,906,195 SH   SOLE   698,119 0 1,208,076
SYNALLOY CP DEL COM 871565107 4,263 274,511 SH   SOLE   244,571 0 29,940
SYNOVUS FINL CORP COM 87161C105 5,548 1,900,000 SH   SOLE   0 0 1,900,000
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 254 13,840 SH   SOLE   0 0 13,840
TECHNE CORP COM 878377100 518 7,500 SH   SOLE   4,590 0 2,910
TESSERA TECHNOLOGIES INC COM 88164L100 36,673 1,763,121 SH   SOLE   1,064,293 0 698,828
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 46,112 1,176,318 SH   SOLE   474,535 0 701,783
TGC INDS INC COM NEW 872417308 8,074 982,192 SH   SOLE   884,432 0 97,760
TIDEWATER INC COM 886423102 109,969 1,930,303 SH   SOLE   833,423 0 1,096,880
TOTAL S A SPONSORED ADR 89151E109 38,690 794,460 SH   SOLE   296,889 0 497,571
TOWER GROUP INTL LTD COM G8988C105 16,578 808,300 SH   SOLE   367,250 0 441,050
TRANSOCEAN LTD REG SHS h8817h100 57,061 1,190,002 SH   SOLE   460,030 0 729,972
TRAVELCENTERS OF AMERICA LLC COM 894174101 6,840 625,225 SH   SOLE   79,800 0 545,425
TRICO BANCSHARES COM 896095106 6,645 311,514 SH   SOLE   278,230 0 33,284
TRONOX LTD SHS CL A Q9235V101 32,669 1,621,267 SH   SOLE   936,787 0 684,480
TSAKOS ENERGY NAVIGATION LTD SHS G9108L108 15,910 3,335,407 SH   SOLE   2,349,273 0 986,134
U S PHYSICAL THERAPY INC COM 90337L108 4,001 144,750 SH   SOLE   127,145 0 17,605
U S SILICA HLDGS INC COM 90346E103 30,809 1,482,640 SH   SOLE   881,200 0 601,440
UMB FINL CORP COM 902788108 30,573 549,182 SH   SOLE   326,158 0 223,024
UNITED CMNTY BANCORP IND COM 90984R101 4,227 413,227 SH   SOLE   362,997 0 50,230
UNITED FINANCIAL BANCORP INC COM 91030T109 8,893 587,002 SH   SOLE   524,192 0 62,810
UNITED PARCEL SERVICE INC CL B 911312106 74,941 866,569 SH   SOLE   316,600 0 549,969
UNITED RENTALS INC COM 911363109 8,719 174,700 SH   SOLE   20,000 0 154,700
UNITED STATES OIL FUND LP UNITS 91232N108 5,201 1,630,000 SH Put SOLE   345,000 0 1,285,000
URS CORP NEW COM 903236107 356 7,540 SH   SOLE   7,540 0 0
US BANCORP DEL COM NEW 902973304 48,488 1,341,307 SH   SOLE   486,700 0 854,607
VALLEY NATL BANCORP COM 919794107 24,750 2,613,494 SH   SOLE   974,036 0 1,639,458
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 981 34,140 SH   SOLE   3,400 0 30,740
W & T OFFSHORE INC COM 92922P106 27,667 1,936,098 SH   SOLE   1,145,790 0 790,308
WABASH NATL CORP COM 929566107 7,622 748,700 SH   SOLE   92,600 0 656,100
WAL-MART STORES INC COM 931142103 71,076 954,170 SH   SOLE   354,730 0 599,440
WASHINGTON FED INC COM 938824109 1,608 85,191 SH   SOLE   48,385 0 36,806
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 26,011 966,591 SH   SOLE   586,885 0 379,706
WAUSAU PAPER CORP COM 943315101 12,864 1,128,424 SH   SOLE   1,005,229 0 123,195
WESTAMERICA BANCORPORATION COM 957090103 31,090 680,456 SH   SOLE   413,259 0 267,197
WESTWOOD HLDGS GROUP INC COM 961765104 1,854 43,191 SH   SOLE   37,933 0 5,258
WEYCO GROUP INC COM 962149100 5,329 211,466 SH   SOLE   188,688 0 22,778
WYNN RESORTS LTD COM 983134107 7,021 54,867 SH   SOLE   5,667 0 49,200
ZEP INC COM 98944B108 7,980 504,078 SH   SOLE   450,321 0 53,757