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 72,547 1,079,733 SH   SOLE   448,530 0 631,203
ABERCROMBIE & FITCH CO CL A 002896207 66,327 3,083,547 SH   SOLE   1,643,541 0 1,440,006
ACACIA RESH CORP ACACIA TCH COM 003881307 45,025 5,134,003 SH   SOLE   3,957,248 0 1,176,755
ADTRAN INC COM 00738A106 37,212 2,289,943 SH   SOLE   1,615,501 0 674,442
ALLIANCE BANCORP INC PA NEW COM 01890a108 519 22,764 SH   SOLE   22,328 0 436
AMERICAN SCIENCE & ENGR INC COM 029429107 7,576 172,927 SH   SOLE   170,001 0 2,926
ANDERSONS INC COM 034164103 38,844 996,007 SH   SOLE   699,310 0 296,697
APPLE INC COM 037833100 2,723 21,710 SH   SOLE   21,710 0 0
APPLIED MATLS INC COM 038222105 43,259 2,250,752 SH   SOLE   928,812 0 1,321,940
ARTESIAN RESOURCES CORP CL A 043113208 3,527 167,254 SH   SOLE   164,021 0 3,233
ASTEC INDS INC COM 046224101 26,589 635,798 SH   SOLE   470,898 0 164,900
ASTORIA FINL CORP COM 046265104 11,214 813,196 SH   SOLE   579,824 0 233,372
AT&T INC COM 00206R102 82,400 2,319,811 SH   SOLE   971,850 0 1,347,961
AXIALL CORP COM 05463D100 35,557 986,319 SH   SOLE   684,350 0 301,969
BALDWIN & LYONS INC CL B 057755209 4,320 187,644 SH   SOLE   184,014 0 3,630
BANC CALIF INC COM 05990K106 6,743 490,402 SH   SOLE   481,981 0 8,421
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 1,560 77,020 SH   SOLE   77,020 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 3,512 81,680 SH   SOLE   81,680 0 0
BANK AMER CORP COM 060505104 3,520 206,831 SH   SOLE   206,831 0 0
BANK MUTUAL CORP NEW COM 063750103 5,569 726,128 SH   SOLE   713,742 0 12,386
BANKFINANCIAL CORP COM 06643P104 6,378 541,407 SH   SOLE   531,013 0 10,394
BAXTER INTL INC COM 071813109 59,030 844,136 SH   SOLE   346,915 0 497,221
BB&T CORP COM 054937107 84,452 2,095,056 SH   SOLE   868,199 0 1,226,857
BERKSHIRE HILLS BANCORP INC COM 084680107 5,133 180,222 SH   SOLE   176,756 0 3,466
BIG 5 SPORTING GOODS CORP COM 08915P101 7,042 495,574 SH   SOLE   486,063 0 9,511
BIO TECHNE CORP COM 09073M104 49,209 499,735 SH   SOLE   352,710 0 147,025
BLACK BOX CORP DEL COM 091826107 6,911 345,563 SH   SOLE   338,915 0 6,648
BRIGGS & STRATTON CORP COM 109043109 20,433 1,060,923 SH   SOLE   744,897 0 316,026
BRISTOW GROUP INC COM 110394103 12,922 242,448 SH   SOLE   166,312 0 76,136
BROOKLINE BANCORP INC DEL COM 11373m107 31,747 2,811,974 SH   SOLE   2,087,167 0 724,807
C D I CORP COM 125071100 7,797 599,779 SH   SOLE   589,120 0 10,659
CABOT CORP COM 127055101 103,700 2,780,917 SH   SOLE   1,620,826 0 1,160,091
CAE INC COM 124765108 617 51,780 SH   SOLE   51,780 0 0
CAESARSTONE SDOT-YAM LTD ORD SHS M20598104 1,888 27,549 SH   SOLE   27,549 0 0
CALLON PETE CO DEL COM 13123X102 1,220 146,588 SH   SOLE   146,588 0 0
CAPITOL FED FINL INC COM 14057j101 848 70,450 SH   SOLE   70,450 0 0
CARBO CERAMICS INC COM 140781105 70,016 1,681,857 SH   SOLE   1,239,118 0 442,739
CARDINAL FINL CORP COM 14149F109 4,548 208,720 SH   SOLE   204,712 0 4,008
CARMIKE CINEMAS INC COM 143436400 1,327 50,000 SH   SOLE   50,000 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 10,253 886,150 SH   SOLE   869,103 0 17,047
CENTERPOINT ENERGY INC COM 15189T107 41,804 2,196,765 SH   SOLE   936,385 0 1,260,380
CENTRAL VALLEY CMNTY BANCORP COM 155685100 956 80,802 SH   SOLE   80,802 0 0
CHARTER FINL CORP MD COM 16122W108 4,655 375,076 SH   SOLE   367,819 0 7,257
CHEMICAL FINL CORP COM 163731102 33,363 1,009,152 SH   SOLE   703,305 0 305,847
CHEVRON CORP NEW COM 166764100 80,940 839,018 SH   SOLE   346,730 0 492,288
CHICOS FAS INC COM 168615102 39,550 2,378,205 SH   SOLE   1,679,909 0 698,296
CISCO SYS INC COM 17275R102 37,630 1,370,345 SH   SOLE   578,080 0 792,265
CITIGROUP INC *W EXP 01/04/201 172967226 1,662 2,245,500 SH   SOLE   2,245,500 0 0
CITIGROUP INC COM NEW 172967424 5,361 97,051 SH   SOLE   97,051 0 0
CLARCOR INC COM 179895107 20,818 334,482 SH   SOLE   237,269 0 97,213
CNOOC LTD SPONSORED ADR 126132109 1,794 12,640 SH   SOLE   12,640 0 0
COACH INC COM 189754104 51,612 1,491,244 SH   SOLE   644,183 0 847,061
COCA COLA CO COM 191216100 42,631 1,086,687 SH   SOLE   457,220 0 629,467
COHU INC COM 192576106 27,885 2,107,738 SH   SOLE   1,623,425 0 484,313
COLUMBIA BKG SYS INC COM 197236102 29,155 895,981 SH   SOLE   614,634 0 281,347
COMMERCIAL METALS CO COM 201723103 14,646 910,796 SH   SOLE   624,867 0 285,929
COMMUNICATIONS SYS INC COM 203900105 4,314 410,477 SH   SOLE   402,597 0 7,880
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 3,904 164,950 SH   SOLE   143,450 0 21,500
COMPASS MINERALS INTL INC COM 20451n101 37,407 455,406 SH   SOLE   319,331 0 136,075
CONNECTICUT WTR SVC INC COM 207797101 2,756 80,685 SH   SOLE   79,329 0 1,356
CON-WAY INC COM 205944101 38,973 1,015,720 SH   SOLE   714,165 0 301,555
COPA HOLDINGS SA CL A P31076105 36,598 443,127 SH   SOLE   199,389 0 243,738
CRANE CO COM 224399105 49,292 839,292 SH   SOLE   582,588 0 256,704
CREDICORP LTD COM G2519Y108 5,008 36,050 SH   SOLE   31,410 0 4,640
CREDIT SUISSE NASSAU BRH VS 3XLGCRUDE ETN 22542D589 2,165 664,000 SH   SOLE   664,000 0 0
CULLEN FROST BANKERS INC COM 229899109 56,548 719,619 SH   SOLE   303,755 0 415,864
CVB FINL CORP COM 126600105 2,529 143,587 SH   SOLE   98,509 0 45,078
DANAOS CORPORATION SHS Y1968P105 35,310 5,474,420 SH   SOLE   5,474,420 0 0
DEAN FOODS CO NEW COM NEW 242370203 1,144 70,736 SH   SOLE   70,736 0 0
DEERE & CO COM 244199105 41,110 423,598 SH   SOLE   175,157 0 248,441
DIANA CONTAINERSHIPS INC COM Y2069P101 479 227,322 SH   SOLE   227,322 0 0
DIEBOLD INC COM 253651103 106,506 3,043,035 SH   SOLE   1,829,180 0 1,213,855
DIXIE GROUP INC CL A 255519100 1,548 147,471 SH   SOLE   147,471 0 0
DONEGAL GROUP INC CL A 257701201 6,507 427,231 SH   SOLE   419,820 0 7,411
DYNAMIC MATLS CORP COM 267888105 15,527 1,411,534 SH   SOLE   1,388,328 0 23,206
EAGLE BANCORP MONT INC COM 26942G100 3,414 316,672 SH   SOLE   310,572 0 6,100
EASTERN CO COM 276317104 2,974 160,591 SH   SOLE   157,896 0 2,695
EASTMAN CHEM CO COM 277432100 82,000 1,002,196 SH   SOLE   421,700 0 580,496
EATON CORP PLC SHS G29183103 39,827 590,115 SH   SOLE   251,930 0 338,185
ECOPETROL S A SPONSORED ADS 279158109 1,178 88,850 SH   SOLE   88,850 0 0
EMERALD OIL INC COM PAR 0.001 29101U407 2,312 543,918 SH   SOLE   543,918 0 0
EMERSON ELEC CO COM 291011104 74,881 1,350,909 SH   SOLE   558,015 0 792,894
EMPLOYERS HOLDINGS INC COM 292218104 4,858 213,269 SH   SOLE   209,176 0 4,093
ENTERPRISE FINL SVCS CORP COM 293712105 9,909 435,181 SH   SOLE   426,826 0 8,355
ETHAN ALLEN INTERIORS INC COM 297602104 1,304 49,525 SH   SOLE   49,525 0 0
EXXON MOBIL CORP COM 30231g102 91,248 1,096,727 SH   SOLE   450,306 0 646,421
FBR & CO COM NEW 30247C400 4,855 209,814 SH   SOLE   209,814 0 0
FIFTH THIRD BANCORP COM 316773100 86,909 4,174,310 SH   SOLE   1,731,080 0 2,443,230
FINANCIAL INSTNS INC COM 317585404 4,768 191,967 SH   SOLE   188,266 0 3,701
FIRST BANCORP INC ME COM 31866P102 3,329 171,258 SH   SOLE   167,969 0 3,289
FIRST FINL BANCORP OH COM 320209109 25,695 1,432,288 SH   SOLE   1,017,632 0 414,656
FIRST MERCHANTS CORP COM 320817109 15,312 619,905 SH   SOLE   425,257 0 194,648
FIRST MIDWEST BANCORP DEL COM 320867104 30,814 1,624,336 SH   SOLE   1,114,908 0 509,428
FIRSTMERIT CORP COM 337915102 57,718 2,770,897 SH   SOLE   1,218,332 0 1,552,565
FNB CORP PA COM 302520101 59,688 4,168,127 SH   SOLE   2,928,748 0 1,239,379
FORD MTR CO DEL COM PAR $0.01 345370860 76,357 5,087,075 SH   SOLE   2,115,485 0 2,971,590
FULL CIRCLE CAP CORP COM 359671104 412 115,519 SH   SOLE   115,519 0 0
GALLAGHER ARTHUR J & CO COM 363576109 45,409 960,023 SH   SOLE   426,617 0 533,406
GASTAR EXPL INC NEW COM 36729W202 2,118 685,515 SH   SOLE   685,515 0 0
GENERAL ELECTRIC CO COM 369604103 89,667 3,374,746 SH   SOLE   1,377,396 0 1,997,350
GENERAL MTRS CO COM 37045V100 68,710 2,061,496 SH   SOLE   872,240 0 1,189,256
GERDAU S A SPON ADR REP PFD 373737105 1,201 498,190 SH   SOLE   498,190 0 0
GLADSTONE LD CORP COM 376549101 3,551 343,384 SH   SOLE   337,628 0 5,756
GLOBAL SHIP LEASE INC NEW SHS A Y27183105 35,938 6,206,947 SH   SOLE   6,206,947 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 1,441 30,800 SH   SOLE   30,800 0 0
GRAHAM CORP COM 384556106 5,213 254,411 SH   SOLE   249,535 0 4,876
GRANITE CONSTR INC COM 387328107 59,127 1,665,092 SH   SOLE   1,169,836 0 495,256
GREEN PLAINS INC COM 393222104 28,647 1,039,832 SH   SOLE   721,894 0 317,938
GREENHILL & CO INC COM 395259104 8,763 212,029 SH   SOLE   147,138 0 64,891
GREIF INC CL A 397624107 26,478 738,576 SH   SOLE   513,993 0 224,583
GULF ISLAND FABRICATION INC COM 402307102 5,516 493,866 SH   SOLE   485,615 0 8,251
HANCOCK HLDG CO COM 410120109 32,087 1,005,535 SH   SOLE   713,113 0 292,422
HARSCO CORP COM 415864107 29,800 1,806,035 SH   SOLE   1,278,359 0 527,676
HAYNES INTERNATIONAL INC COM NEW 420877201 33,493 679,086 SH   SOLE   519,156 0 159,930
HERITAGE FINL CORP WASH COM 42722x106 12,440 696,118 SH   SOLE   683,957 0 12,161
HOPFED BANCORP INC COM 439734104 5,996 506,863 SH   SOLE   497,132 0 9,731
HOUSTON WIRE & CABLE CO COM 44244K109 1,494 150,601 SH   SOLE   147,710 0 2,891
HOWARD HUGHES CORP COM 44267D107 2,666 18,574 SH   SOLE   18,574 0 0
IBERIABANK CORP COM 450828108 36,990 542,135 SH   SOLE   381,705 0 160,430
ICICI BK LTD ADR 45104G104 5,578 535,275 SH   SOLE   535,275 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 6,889 508,051 SH   SOLE   500,084 0 7,967
INFINITY PPTY & CAS CORP COM 45665Q103 19,694 259,678 SH   SOLE   181,762 0 77,916
INTERNATIONAL BUSINESS MACHS COM 459200101 61,587 378,626 SH   SOLE   154,564 0 224,062
ISHARES MSCI TAIWAN ETF 464286731 1,079 68,386 SH   SOLE   68,386 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 6,418 586,160 SH   SOLE   540,660 0 45,500
JOHNSON & JOHNSON COM 478160104 84,439 866,400 SH   SOLE   365,950 0 500,450
JOHNSON CTLS INC COM 478366107 53,698 1,084,158 SH   SOLE   450,494 0 633,664
JPMORGAN CHASE & CO COM 46625h100 78,271 1,155,116 SH   SOLE   478,388 0 676,728
KANSAS CITY SOUTHERN COM NEW 485170302 1,382 15,150 SH   SOLE   15,150 0 0
KBR INC COM 48242W106 67,624 3,471,461 SH   SOLE   2,284,853 0 1,186,608
KEARNY FINL CORP MD COM 48716P108 837 75,000 SH   SOLE   75,000 0 0
KELLOGG CO COM 487836108 40,100 639,548 SH   SOLE   267,719 0 371,829
KRONOS WORLDWIDE INC COM 50105F105 26,037 2,375,656 SH   SOLE   1,622,657 0 752,999
L-3 COMMUNICATIONS HLDGS INC COM 502424104 37,506 330,801 SH   SOLE   139,711 0 191,090
LANDAUER INC COM 51476K103 13,024 365,441 SH   SOLE   359,105 0 6,336
LAREDO PETROLEUM INC COM 516806106 585 46,500 SH   SOLE   46,500 0 0
LAZARD LTD SHS A G54050102 3,920 69,698 SH   SOLE   69,698 0 0
M & T BK CORP COM 55261F104 40,372 323,155 SH   SOLE   135,140 0 188,015
MACATAWA BK CORP COM 554225102 1,413 266,636 SH   SOLE   266,636 0 0
MAGNUM HUNTER RES CORP DEL COM 55973B102 3,153 1,686,095 SH   SOLE   1,686,095 0 0
MARATHON OIL CORP COM 565849106 92,149 3,472,089 SH   SOLE   1,434,645 0 2,037,444
MAXIM INTEGRATED PRODS INC COM 57772K101 40,138 1,160,908 SH   SOLE   501,558 0 659,350
MB FINANCIAL INC NEW COM 55264u108 9,125 264,949 SH   SOLE   181,763 0 83,186
MBIA INC COM 55262C100 2,827 470,300 SH   SOLE   470,300 0 0
MCDONALDS CORP COM 580135101 41,161 432,952 SH   SOLE   179,343 0 253,609
MCGRATH RENTCORP COM 580589109 29,826 980,140 SH   SOLE   726,164 0 253,976
MEDICAL PPTYS TRUST INC COM 58463J304 14,327 1,092,820 SH   SOLE   749,455 0 343,365
MENS WEARHOUSE INC COM 587118100 16,352 255,222 SH   SOLE   177,180 0 78,042
METLIFE INC COM 59156R108 44,323 791,630 SH   SOLE   326,727 0 464,903
MICREL INC COM 594793101 18,067 1,299,752 SH   SOLE   950,999 0 348,753
MIDDLEBURG FINANCIAL CORP COM 596094102 7,863 436,857 SH   SOLE   430,532 0 6,325
MIDSOUTH BANCORP INC COM 598039105 3,675 240,795 SH   SOLE   236,175 0 4,620
MILLER HERMAN INC COM 600544100 20,057 693,295 SH   SOLE   484,818 0 208,477
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 1,424 145,570 SH   SOLE   145,570 0 0
MORGAN STANLEY COM NEW 617446448 40,389 1,041,231 SH   SOLE   434,260 0 606,971
MOSAIC CO NEW COM 61945C103 46,233 986,837 SH   SOLE   394,285 0 592,552
MSA SAFETY INC COM 553498106 16,089 331,657 SH   SOLE   227,938 0 103,719
MURPHY OIL CORP COM 626717102 44,297 1,065,608 SH   SOLE   466,968 0 598,640
NATIONAL BK HLDGS CORP CL A 633707104 69,281 3,326,021 SH   SOLE   2,461,327 0 864,694
NATIONAL FUEL GAS CO N J COM 636180101 39,103 664,000 SH   SOLE   287,115 0 376,885
NATIONAL PENN BANCSHARES INC COM 637138108 33,619 2,980,408 SH   SOLE   2,109,377 0 871,031
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 61,086 4,008,261 SH   SOLE   2,778,070 0 1,230,191
NEW SR INVT GROUP INC COM 648691103 5,013 374,911 SH   SOLE   374,911 0 0
NEXTERA ENERGY INC COM 65339F101 49,335 503,265 SH   SOLE   211,700 0 291,565
NORFOLK SOUTHERN CORP COM 655844108 42,584 487,453 SH   SOLE   203,705 0 283,748
NORTHEAST CMNTY BANCORP INC COM 664112109 2,428 325,457 SH   SOLE   318,987 0 6,470
NORTHFIELD BANCORP INC DEL COM 66611T108 11,899 790,639 SH   SOLE   542,954 0 247,685
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 366 23,000 SH   SOLE   23,000 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 26,598 2,074,751 SH   SOLE   1,442,078 0 632,673
NUCOR CORP COM 670346105 55,670 1,263,210 SH   SOLE   525,670 0 737,540
NUVERRA ENVIRONMENTAL SOLUTI COM NEW 67091K203 5,860 934,607 SH   SOLE   934,607 0 0
OASIS PETE INC NEW COM 674215108 689 43,500 SH   SOLE   43,500 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 78,896 1,014,485 SH   SOLE   423,540 0 590,945
OLD NATL BANCORP IND COM 680033107 41,955 2,901,434 SH   SOLE   2,039,938 0 861,496
OLIN CORP COM PAR $1 680665205 36,334 1,348,205 SH   SOLE   558,790 0 789,415
OM GROUP INC COM 670872100 52,527 1,563,294 SH   SOLE   1,131,747 0 431,547
OUTFRONT MEDIA INC COM 69007J106 48,793 1,933,155 SH   SOLE   827,074 0 1,106,081
PACIFIC CONTINENTAL CORP COM 69412V108 6,918 511,303 SH   SOLE   501,433 0 9,870
PARK ELECTROCHEMICAL CORP COM 700416209 4,024 210,039 SH   SOLE   206,007 0 4,032
PARK STERLING CORP COM 70086Y105 8,478 1,177,458 SH   SOLE   1,157,372 0 20,086
PARSLEY ENERGY INC CL A 701877102 932 53,500 SH   SOLE   53,500 0 0
PATTERSON UTI ENERGY INC COM 703481101 62,322 3,312,345 SH   SOLE   2,329,271 0 983,074
PENN WEST PETE LTD NEW COM 707887105 133 76,702 SH   SOLE   76,702 0 0
PENTAIR PLC SHS G7S00T104 45,348 659,603 SH   SOLE   296,375 0 363,228
PGT INC COM 69336V101 1,497 103,167 SH   SOLE   103,167 0 0
PHILIP MORRIS INTL INC COM 718172109 51,263 639,431 SH   SOLE   277,137 0 362,294
PIER 1 IMPORTS INC COM 720279108 1,768 140,000 SH   SOLE   140,000 0 0
PLUM CREEK TIMBER CO INC COM 729251108 41,715 1,028,216 SH   SOLE   462,065 0 566,151
PLY GEM HLDGS INC COM 72941W100 807 68,432 SH   SOLE   68,432 0 0
PNC FINL SVCS GROUP INC COM 693475105 59,155 618,455 SH   SOLE   258,548 0 359,907
POWELL INDS INC COM 739128106 7,748 220,299 SH   SOLE   216,070 0 4,229
PRAXAIR INC COM 74005P104 57,615 481,929 SH   SOLE   203,325 0 278,604
PRECISION DRILLING CORP COM 2010 74022D308 85,759 12,761,759 SH   SOLE   7,150,915 0 5,610,844
PREFERRED BK LOS ANGELES CA COM NEW 740367404 1,024 34,061 SH   SOLE   34,061 0 0
PRICE T ROWE GROUP INC COM 74144T108 47,496 611,037 SH   SOLE   254,960 0 356,077
PROASSURANCE CORP COM 74267C106 41,629 900,865 SH   SOLE   631,574 0 269,291
PROSHARES TR II ULT BLMBG CD OIL 74347W320 307 6,800 SH   SOLE   6,800 0 0
PROVIDENT FINL SVCS INC COM 74386t105 17,358 914,051 SH   SOLE   627,104 0 286,947
PRUDENTIAL FINL INC COM 744320102 81,363 929,652 SH   SOLE   388,590 0 541,062
QUALCOMM INC COM 747525103 59,494 949,923 SH   SOLE   393,822 0 556,101
RCI HOSPITALITY HLDGS INC COM 74934Q108 1,788 150,266 SH   SOLE   150,266 0 0
REGAL BELOIT CORP COM 758750103 51,986 716,160 SH   SOLE   502,414 0 213,746
REGIONS FINL CORP NEW COM 7591EP100 3,315 320,000 SH   SOLE   320,000 0 0
REXFORD INDL RLTY INC COM 76169C100 1,573 107,887 SH   SOLE   105,816 0 2,071
RING ENERGY INC COM 76680V108 2,314 206,780 SH   SOLE   206,780 0 0
ROCKWELL AUTOMATION INC COM 773903109 42,854 343,823 SH   SOLE   139,425 0 204,398
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 34,854 611,360 SH   SOLE   263,530 0 347,830
SCHLUMBERGER LTD COM 806857108 70,248 815,034 SH   SOLE   327,244 0 487,790
SCHNITZER STL INDS CL A 806882106 8,562 490,110 SH   SOLE   480,682 0 9,428
SCHWAB CHARLES CORP NEW COM 808513105 2,334 71,500 SH   SOLE   71,500 0 0
SI FINL GROUP INC MD COM 78425V104 7,729 664,037 SH   SOLE   653,646 0 10,391
SIERRA BANCORP COM 82620P102 3,494 201,855 SH   SOLE   198,425 0 3,430
SNYDERS-LANCE INC COM 833551104 27,423 849,789 SH   SOLE   601,126 0 248,663
SONOCO PRODS CO COM 835495102 37,992 886,424 SH   SOLE   372,610 0 513,814
SOTHEBYS COM 835898107 20,967 463,463 SH   SOLE   321,519 0 141,944
SOUTHERN COPPER CORP COM 84265V105 933 31,710 SH   SOLE   31,710 0 0
SPARTAN MTRS INC COM 846819100 9,249 2,019,493 SH   SOLE   1,984,411 0 35,082
STEEL DYNAMICS INC COM 858119100 38,482 1,857,669 SH   SOLE   799,949 0 1,057,720
STERLING BANCORP DEL COM 85917A100 8,039 546,895 SH   SOLE   375,653 0 171,242
STONECASTLE FINL CORP COM 861780104 5,351 309,308 SH   SOLE   303,356 0 5,952
STONEGATE BK FT LAUDERDALE F COM 861811107 2,854 96,200 SH   SOLE   96,200 0 0
SUFFOLK BANCORP COM 864739107 1,232 48,030 SH   SOLE   48,030 0 0
SUNTRUST BKS INC COM 867914103 77,433 1,799,921 SH   SOLE   790,023 0 1,009,898
SUPERIOR ENERGY SVCS INC COM 868157108 57,140 2,715,773 SH   SOLE   1,912,577 0 803,196
SYMANTEC CORP COM 871503108 50,636 2,177,905 SH   SOLE   900,095 0 1,277,810
SYNALLOY CP DEL COM 871565107 5,652 412,549 SH   SOLE   404,565 0 7,984
SYNERGY RES CORP COM 87164P103 4,672 408,738 SH   SOLE   408,738 0 0
SYNGENTA AG SPONSORED ADR 87160A100 45,237 554,308 SH   SOLE   250,150 0 304,158
SYNOVUS FINL CORP COM NEW 87161C501 3,475 112,760 SH   SOLE   112,760 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 3,391 149,302 SH   SOLE   149,302 0 0
TENARIS S A SPONSORED ADR 88031M109 3,191 118,110 SH   SOLE   118,110 0 0
TESCO CORP COM 88157K101 12,823 1,176,430 SH   SOLE   1,156,559 0 19,871
TESSCO TECHNOLOGIES INC COM 872386107 234 11,817 SH   SOLE   11,591 0 226
TETRA TECH INC NEW COM 88162G103 49,381 1,925,929 SH   SOLE   1,340,549 0 585,380
TEXAS PAC LD TR SUB CTF PROP I T 882610108 12,941 85,998 SH   SOLE   85,998 0 0
TIDEWATER INC COM 886423102 61,425 2,702,367 SH   SOLE   1,468,682 0 1,233,685
TIMKEN CO COM 887389104 41,112 1,124,210 SH   SOLE   476,660 0 647,550
TIMKENSTEEL CORP COM 887399103 36,614 1,356,566 SH   SOLE   940,686 0 415,880
TRICO BANCSHARES COM 896095106 9,848 409,470 SH   SOLE   401,575 0 7,895
TRONOX LTD SHS CL A Q9235V101 28,547 1,951,285 SH   SOLE   886,973 0 1,064,312
TRUSTMARK CORP COM 898402102 15,025 601,483 SH   SOLE   412,617 0 188,866
TWIN DISC INC COM 901476101 2,595 139,206 SH   SOLE   136,821 0 2,385
U S SILICA HLDGS INC COM 90346E103 988 33,660 SH   SOLE   33,660 0 0
UNION BANKSHARES CORP NEW COM 90539J109 23,884 1,027,704 SH   SOLE   717,593 0 310,111
UNION PAC CORP COM 907818108 42,471 445,330 SH   SOLE   185,880 0 259,450
UNITED FINL BANCORP INC NEW COM 910304104 13,275 986,992 SH   SOLE   970,021 0 16,971
UNITED PARCEL SERVICE INC CL B 911312106 46,772 482,629 SH   SOLE   201,479 0 281,150
UNITED TECHNOLOGIES CORP COM 913017109 38,425 346,389 SH   SOLE   146,550 0 199,839
UNIVERSAL CORP VA COM 913456109 18,439 321,685 SH   SOLE   210,882 0 110,803
UNIVERSAL TRUCKLOAD SVCS INC COM 91388P105 9,337 425,169 SH   SOLE   417,900 0 7,269
UNIVEST CORP PA COM 915271100 7,846 385,382 SH   SOLE   377,978 0 7,404
US BANCORP DEL COM NEW 902973304 47,690 1,098,848 SH   SOLE   454,554 0 644,294
VIAD CORP COM NEW 92552R406 4,091 150,891 SH   SOLE   147,983 0 2,908
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 6,036 306,563 SH   SOLE   306,563 0 0
WAL-MART STORES INC COM 931142103 68,572 966,756 SH   SOLE   411,781 0 554,975
WAUSAU PAPER CORP COM 943315101 14,200 1,546,869 SH   SOLE   1,520,426 0 26,443
WESTAMERICA BANCORPORATION COM 957090103 43,533 859,487 SH   SOLE   605,553 0 253,934
WEYCO GROUP INC COM 962149100 3,677 123,308 SH   SOLE   120,932 0 2,376
WISDOMTREE TR INDIA ERNGS FD 97717W422 2,837 130,920 SH   SOLE   130,920 0 0
WYNN RESORTS LTD COM 983134107 1,727 17,500 SH   SOLE   17,500 0 0
XILINX INC COM 983919101 46,187 1,045,897 SH   SOLE   458,245 0 587,652
YRC WORLDWIDE INC COM PAR $.01 984249607 886 68,275 SH   SOLE   68,275 0 0
ZIONS BANCORPORATION COM 989701107 3,412 107,500 SH   SOLE   107,500 0 0