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 75,072 1,282,403 SH   SOLE   550,780 0 731,623
ABERCROMBIE & FITCH CO CL A 002896207 61,494 2,790,106 SH   SOLE   1,464,188 0 1,325,918
ABM INDS INC COM 000957100 26,122 819,901 SH   SOLE   559,986 0 259,915
ACACIA RESH CORP ACACIA TCH COM 003881307 72,363 6,762,887 SH   SOLE   5,312,282 0 1,450,605
ADTRAN INC COM 00738A106 35,984 1,927,363 SH   SOLE   1,349,259 0 578,104
ALLIANCE BANCORP INC PA NEW COM 01890a108 5,903 273,297 SH   SOLE   268,292 0 5,005
AMERICAN CAP LTD COM 02503Y103 1,479 100,000 SH   SOLE   100,000 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 47,247 2,766,245 SH   SOLE   1,204,699 0 1,561,546
AMERICAN SCIENCE & ENGR INC COM 029429107 9,725 199,029 SH   SOLE   196,105 0 2,924
ANDERSONS INC COM 034164103 21,815 527,308 SH   SOLE   359,101 0 168,207
APPLE INC COM 037833100 3,212 25,810 SH   SOLE   25,810 0 0
ARTESIAN RESOURCES CORP CL A 043113208 3,760 175,793 SH   SOLE   172,560 0 3,233
ASTEC INDS INC COM 046224101 39,874 929,909 SH   SOLE   683,933 0 245,976
ASTORIA FINL CORP COM 046265104 26,348 2,034,608 SH   SOLE   1,394,153 0 640,455
AT&T INC COM 00206R102 83,221 2,548,871 SH   SOLE   1,122,970 0 1,425,901
AVERY DENNISON CORP COM 053611109 46,213 873,436 SH   SOLE   373,430 0 500,006
BALDWIN & LYONS INC CL B 057755209 4,627 197,212 SH   SOLE   193,582 0 3,630
BANC CALIF INC COM 05990K106 10,897 885,214 SH   SOLE   871,724 0 13,490
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 1,648 76,000 SH   SOLE   76,000 0 0
BANK AMER CORP COM 060505104 9,867 641,160 SH   SOLE   641,160 0 0
BANK MUTUAL CORP NEW COM 063750103 6,573 897,906 SH   SOLE   884,506 0 13,400
BAXTER INTL INC COM 071813109 60,488 883,036 SH   SOLE   374,025 0 509,011
BB&T CORP COM 054937107 89,848 2,304,386 SH   SOLE   981,229 0 1,323,157
BEBE STORES INC COM 075571109 5,700 1,570,269 SH   SOLE   1,547,724 0 22,545
BENEFICIAL BANCORP INC COM 08171T102 1,298 115,000 SH   SOLE   115,000 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 6,628 239,273 SH   SOLE   234,884 0 4,389
BIG 5 SPORTING GOODS CORP COM 08915P101 7,908 595,951 SH   SOLE   585,017 0 10,934
BIO TECHNE CORP COM 09073M104 52,796 526,436 SH   SOLE   368,407 0 158,029
BLACK BOX CORP DEL COM 091826107 6,899 329,644 SH   SOLE   323,600 0 6,044
BRIGGS & STRATTON CORP COM 109043109 37,839 1,842,193 SH   SOLE   1,261,058 0 581,135
BROOKLINE BANCORP INC DEL COM 11373m107 36,172 3,599,201 SH   SOLE   2,687,431 0 911,770
C D I CORP COM 125071100 9,492 675,564 SH   SOLE   664,905 0 10,659
CALIFORNIA RES CORP COM 13057Q107 2,966 389,779 SH   SOLE   163,817 0 225,962
CALLON PETE CO DEL COM 13123X102 1,703 227,963 SH   SOLE   227,963 0 0
CAPITOL FED FINL INC COM 14057j101 22,557 1,804,550 SH   SOLE   1,265,232 0 539,318
CARBO CERAMICS INC COM 140781105 57,530 1,885,617 SH   SOLE   1,409,544 0 476,073
CARDINAL FINL CORP COM 14149F109 7,770 388,890 SH   SOLE   381,752 0 7,138
CARMIKE CINEMAS INC COM 143436400 840 25,000 SH   SOLE   25,000 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 9,881 843,068 SH   SOLE   827,592 0 15,476
CENTERPOINT ENERGY INC COM 15189T107 41,907 2,053,265 SH   SOLE   878,055 0 1,175,210
CENTRAL VALLEY CMNTY BANCORP COM 155685100 1,107 100,802 SH   SOLE   100,802 0 0
CHARTER FINL CORP MD COM 16122W108 4,620 401,756 SH   SOLE   394,356 0 7,400
CHEMICAL FINL CORP COM 163731102 36,314 1,157,973 SH   SOLE   793,959 0 364,014
CHEVRON CORP NEW COM 166764100 79,895 761,048 SH   SOLE   323,390 0 437,658
CHICOS FAS INC COM 168615102 43,306 2,448,038 SH   SOLE   1,714,055 0 733,983
CISCO SYS INC COM 17275R102 51,040 1,854,325 SH   SOLE   801,530 0 1,052,795
CITIGROUP INC *W EXP 01/04/201 172967226 1,486 2,035,500 SH   SOLE   2,035,500 0 0
CITIGROUP INC COM NEW 172967424 8,042 156,100 SH   SOLE   156,100 0 0
CLARCOR INC COM 179895107 43,779 662,709 SH   SOLE   465,471 0 197,238
CNOOC LTD SPONSORED ADR 126132109 1,347 9,500 SH   SOLE   9,500 0 0
COACH INC COM 189754104 64,890 1,566,264 SH   SOLE   745,378 0 820,886
COCA COLA CO COM 191216100 41,603 1,025,977 SH   SOLE   443,130 0 582,847
COHU INC COM 192576106 27,269 2,492,641 SH   SOLE   1,980,324 0 512,317
COLUMBIA BKG SYS INC COM 197236102 39,499 1,363,449 SH   SOLE   929,113 0 434,336
COMFORT SYS USA INC COM 199908104 6,877 326,847 SH   SOLE   322,157 0 4,690
COMMERCIAL METALS CO COM 201723103 1,972 121,798 SH   SOLE   82,163 0 39,635
COMMUNICATIONS SYS INC COM 203900105 3,499 306,402 SH   SOLE   300,742 0 5,660
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 4,421 148,240 SH   SOLE   130,740 0 17,500
COMPASS MINERALS INTL INC COM 20451n101 22,029 236,340 SH   SOLE   165,631 0 70,709
CONNECTICUT WTR SVC INC COM 207797101 3,781 104,084 SH   SOLE   102,596 0 1,488
COPA HOLDINGS SA CL A P31076105 36,406 360,558 SH   SOLE   163,400 0 197,158
CORELOGIC INC COM 21871D103 1,852 52,500 SH   SOLE   52,500 0 0
CRANE CO COM 224399105 20,290 325,114 SH   SOLE   222,318 0 102,796
CREDICORP LTD COM G2519Y108 4,158 29,570 SH   SOLE   25,680 0 3,890
CULLEN FROST BANKERS INC COM 229899109 51,735 748,909 SH   SOLE   322,975 0 425,934
CVB FINL CORP COM 126600105 17,154 1,076,130 SH   SOLE   732,022 0 344,108
DANAOS CORPORATION SHS Y1968P105 35,195 5,406,304 SH   SOLE   5,406,304 0 0
DAWSON GEOPHYSICAL CO NEW COM 239360100 2,460 576,117 SH   SOLE   565,540 0 10,577
DEAN FOODS CO NEW COM NEW 242370203 47,030 2,845,129 SH   SOLE   2,143,523 0 701,606
DEERE & CO COM 244199105 49,345 562,718 SH   SOLE   237,287 0 325,431
DEUTSCHE BANK AG NAMEN AKT D18190898 3,126 90,000 SH   SOLE   90,000 0 0
DIAMONDBACK ENERGY INC COM 25278X109 1,101 14,330 SH   SOLE   14,330 0 0
DIANA CONTAINERSHIPS INC COM Y2069P101 487 197,822 SH   SOLE   197,822 0 0
DIEBOLD INC COM 253651103 96,037 2,708,307 SH   SOLE   1,585,119 0 1,123,188
DIXIE GROUP INC CL A 255519100 1,335 147,471 SH   SOLE   147,471 0 0
DONEGAL GROUP INC CL A 257701201 7,698 489,716 SH   SOLE   482,285 0 7,431
DYNAMIC MATLS CORP COM 267888105 12,381 969,562 SH   SOLE   954,740 0 14,822
EAGLE BANCORP MONT INC COM 26942G100 3,700 333,350 SH   SOLE   327,250 0 6,100
EASTERN CO COM 276317104 4,381 218,402 SH   SOLE   215,261 0 3,141
EASTMAN CHEM CO COM 277432100 72,605 1,048,296 SH   SOLE   453,120 0 595,176
EATON CORP PLC SHS G29183103 42,087 619,475 SH   SOLE   273,180 0 346,295
ECOPETROL S A SPONSORED ADS 279158109 1,355 89,000 SH   SOLE   89,000 0 0
EMERALD OIL INC COM NEW 29101U209 2,963 4,003,410 SH   SOLE   4,003,410 0 0
EMERSON ELEC CO COM 291011104 79,216 1,399,079 SH   SOLE   596,245 0 802,834
EMPLOYERS HOLDINGS INC COM 292218104 4,604 170,587 SH   SOLE   167,456 0 3,131
ENTERPRISE FINL SVCS CORP COM 293712105 10,402 503,466 SH   SOLE   494,226 0 9,240
ETHAN ALLEN INTERIORS INC COM 297602104 3,652 132,115 SH   SOLE   132,115 0 0
EXXON MOBIL CORP COM 30231g102 90,903 1,069,442 SH   SOLE   454,731 0 614,711
FBR & CO COM NEW 30247C400 4,350 188,210 SH   SOLE   188,210 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 1,142 70,000 SH   SOLE   70,000 0 0
FIFTH THIRD BANCORP COM 316773100 86,990 4,614,840 SH   SOLE   1,970,920 0 2,643,920
FINANCIAL INSTNS INC COM 317585404 4,625 201,713 SH   SOLE   198,012 0 3,701
FINISH LINE INC CL A 317923100 697 28,407 SH   SOLE   19,751 0 8,656
FIRST BANCORP INC ME COM 31866P102 3,202 183,511 SH   SOLE   180,141 0 3,370
FIRST FINL BANCORP OH COM 320209109 38,366 2,154,176 SH   SOLE   1,512,769 0 641,407
FIRST MERCHANTS CORP COM 320817109 14,998 637,148 SH   SOLE   434,559 0 202,589
FIRST MIDWEST BANCORP DEL COM 320867104 29,186 1,680,234 SH   SOLE   1,144,934 0 535,300
FIRSTMERIT CORP COM 337915102 55,353 2,904,133 SH   SOLE   1,269,478 0 1,634,655
FLOWERS FOODS INC COM 343498101 53,239 2,341,226 SH   SOLE   1,012,850 0 1,328,376
FLY LEASING LTD SPONSORED ADR 34407D109 4,393 301,749 SH   SOLE   301,749 0 0
FNB CORP PA COM 302520101 57,400 4,368,309 SH   SOLE   3,047,937 0 1,320,372
FORD MTR CO DEL COM PAR $0.01 345370860 85,434 5,293,285 SH   SOLE   2,265,305 0 3,027,980
FORESTAR GROUP INC COM 346233109 3,801 241,003 SH   SOLE   241,003 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 3,257 403,654 SH   SOLE   403,654 0 0
FREEPORT-MCMORAN INC CL B 35671D857 44,922 2,370,542 SH   SOLE   1,024,700 0 1,345,842
GALLAGHER ARTHUR J & CO COM 363576109 45,721 977,998 SH   SOLE   431,282 0 546,716
GASTAR EXPL INC NEW COM 36729W202 1,930 736,515 SH   SOLE   736,515 0 0
GENERAL ELECTRIC CO COM 369604103 87,671 3,533,696 SH   SOLE   1,488,586 0 2,045,110
GENERAL MTRS CO *W EXP 07/10/201 37045V126 16,405 834,877 SH   SOLE   834,877 0 0
GENERAL MTRS CO COM 37045V100 80,146 2,137,236 SH   SOLE   922,060 0 1,215,176
GERDAU S A SPON ADR REP PFD 373737105 1,385 432,800 SH   SOLE   432,800 0 0
GLADSTONE LD CORP COM 376549101 6,497 539,152 SH   SOLE   531,304 0 7,848
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 6,761 512,182 SH   SOLE   504,460 0 7,722
GLOBAL SHIP LEASE INC NEW SHS A Y27183105 34,556 6,375,610 SH   SOLE   6,375,610 0 0
GLOBE SPECIALTY METALS INC COM 37954N206 30,751 1,625,294 SH   SOLE   1,114,480 0 510,814
GNC HLDGS INC COM CL A 36191G107 1,963 40,000 SH   SOLE   40,000 0 0
GRAHAM CORP COM 384556106 3,825 159,556 SH   SOLE   156,635 0 2,921
GRANITE CONSTR INC COM 387328107 61,647 1,754,331 SH   SOLE   1,219,349 0 534,982
GREAT AJAX CORP COM 38983D300 1,090 75,000 SH   SOLE   75,000 0 0
GREEN PLAINS INC COM 393222104 27,571 965,694 SH   SOLE   673,005 0 292,689
GREIF INC CL A 397624107 28,587 727,963 SH   SOLE   500,609 0 227,354
GULF ISLAND FABRICATION INC COM 402307102 6,394 430,289 SH   SOLE   423,874 0 6,415
HANCOCK HLDG CO COM 410120109 46,454 1,555,716 SH   SOLE   1,125,920 0 429,796
HARSCO CORP COM 415864107 29,211 1,692,393 SH   SOLE   1,187,531 0 504,862
HAYNES INTERNATIONAL INC COM NEW 420877201 31,112 697,422 SH   SOLE   528,776 0 168,646
HERITAGE FINL CORP WASH COM 42722x106 13,505 794,391 SH   SOLE   782,230 0 12,161
HOPFED BANCORP INC COM 439734104 5,516 428,591 SH   SOLE   420,724 0 7,867
HOUSTON WIRE & CABLE CO COM 44244K109 4,889 502,488 SH   SOLE   493,277 0 9,211
HOWARD HUGHES CORP COM 44267D107 7,996 51,582 SH   SOLE   51,582 0 0
HUDSON VALLEY HOLDING CORP COM 444172100 1,311 51,277 SH   SOLE   50,540 0 737
IAC INTERACTIVECORP COM PAR $.001 44919P508 50,367 746,507 SH   SOLE   340,645 0 405,862
IBERIABANK CORP COM 450828108 34,487 547,146 SH   SOLE   382,140 0 165,006
ICICI BK LTD ADR 45104G104 1,253 120,920 SH   SOLE   120,920 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 6,550 510,557 SH   SOLE   503,184 0 7,373
INFINITY PPTY & CAS CORP COM 45665Q103 23,096 281,484 SH   SOLE   197,052 0 84,432
INFOSYS LTD SPONSORED ADR 456788108 915 26,070 SH   SOLE   26,070 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 64,042 399,016 SH   SOLE   169,794 0 229,222
ISHARES MSCI TAIWAN ETF 464286731 687 43,636 SH   SOLE   43,636 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 1,729 156,370 SH   SOLE   156,370 0 0
JOHNSON CTLS INC COM 478366107 66,817 1,324,678 SH   SOLE   565,414 0 759,264
JPMORGAN CHASE & CO COM 46625h100 90,912 1,500,686 SH   SOLE   641,188 0 859,498
KBR INC COM 48242W106 3,406 235,245 SH   SOLE   159,674 0 75,571
KELLOGG CO COM 487836108 46,340 702,659 SH   SOLE   302,970 0 399,689
KINDER MORGAN INC DEL COM 49456B101 52,032 1,237,083 SH   SOLE   533,520 0 703,563
KNOLL INC COM NEW 498904200 5,510 235,167 SH   SOLE   161,581 0 73,586
KRONOS WORLDWIDE INC COM 50105F105 30,108 2,380,061 SH   SOLE   1,599,472 0 780,589
LANDAUER INC COM 51476K103 13,009 370,209 SH   SOLE   364,597 0 5,612
LAREDO PETROLEUM INC COM 516806106 2,152 165,000 SH   SOLE   165,000 0 0
LAZARD LTD SHS A G54050102 2,630 50,000 SH   SOLE   50,000 0 0
LEAR CORP COM NEW 521865204 7,932 71,576 SH   SOLE   71,576 0 0
LIMONEIRA CO COM 532746104 1,167 53,546 SH   SOLE   53,546 0 0
M & T BK CORP COM 55261F104 42,629 335,665 SH   SOLE   143,750 0 191,915
MACATAWA BK CORP COM 554225102 1,427 266,636 SH   SOLE   266,636 0 0
MAGNUM HUNTER RES CORP DEL COM 55973B102 5,048 1,890,595 SH   SOLE   1,890,595 0 0
MARATHON OIL CORP COM 565849106 91,905 3,519,929 SH   SOLE   1,498,905 0 2,021,024
MAXIM INTEGRATED PRODS INC COM 57772K101 41,007 1,178,010 SH   SOLE   514,090 0 663,920
MB FINANCIAL INC NEW COM 55264u108 24,482 781,910 SH   SOLE   531,720 0 250,190
MBIA INC COM 55262C100 4,127 443,800 SH   SOLE   443,800 0 0
MCDONALDS CORP COM 580135101 44,130 452,892 SH   SOLE   193,913 0 258,979
MCGRATH RENTCORP COM 580589109 25,991 789,748 SH   SOLE   576,840 0 212,908
MEDICAL PPTYS TRUST INC COM 58463J304 16,668 1,130,827 SH   SOLE   769,189 0 361,638
MENS WEARHOUSE INC COM 587118100 51,146 979,802 SH   SOLE   694,453 0 285,349
METLIFE INC COM 59156R108 45,756 905,160 SH   SOLE   391,537 0 513,623
MGIC INVT CORP WIS COM 552848103 8,807 914,540 SH   SOLE   914,540 0 0
MICHAEL KORS HLDGS LTD SHS G60754101 2,174 33,060 SH   SOLE   33,060 0 0
MICREL INC COM 594793101 45,959 3,047,672 SH   SOLE   2,266,389 0 781,283
MIDDLEBURG FINANCIAL CORP COM 596094102 8,430 460,642 SH   SOLE   454,799 0 5,843
MILLER HERMAN INC COM 600544100 39,287 1,415,225 SH   SOLE   989,311 0 425,914
MILLER INDS INC TENN COM NEW 600551204 1,636 66,791 SH   SOLE   65,565 0 1,226
MORGAN STANLEY COM NEW 617446448 43,389 1,215,731 SH   SOLE   569,480 0 646,251
MOSAIC CO NEW COM 61945C103 43,315 940,397 SH   SOLE   383,705 0 556,692
MURPHY OIL CORP COM 626717102 47,075 1,010,195 SH   SOLE   441,025 0 569,170
NATIONAL BK HLDGS CORP CL A 633707104 66,022 3,509,927 SH   SOLE   2,601,567 0 908,360
NATIONAL FUEL GAS CO N J COM 636180101 41,261 683,930 SH   SOLE   298,515 0 385,415
NATIONAL PENN BANCSHARES INC COM 637138108 37,071 3,442,054 SH   SOLE   2,413,359 0 1,028,695
NATIONSTAR MTG HLDGS INC COM 63861C109 2,979 120,285 SH   SOLE   120,285 0 0
NEW MEDIA INVT GROUP INC COM 64704V106 2,556 106,821 SH   SOLE   106,821 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 53,057 3,530,060 SH   SOLE   2,458,362 0 1,071,698
NEW SR INVT GROUP INC COM 648691103 7,981 479,910 SH   SOLE   479,910 0 0
NORFOLK SOUTHERN CORP COM 655844108 41,838 406,513 SH   SOLE   174,105 0 232,408
NORTHEAST CMNTY BANCORP INC COM 664112109 2,358 341,216 SH   SOLE   334,746 0 6,470
NORTHFIELD BANCORP INC DEL COM 66611T108 12,109 817,065 SH   SOLE   557,229 0 259,836
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 5,853 323,000 SH   SOLE   323,000 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 26,095 2,202,134 SH   SOLE   1,537,135 0 664,999
NUCOR CORP COM 670346105 62,598 1,317,020 SH   SOLE   563,280 0 753,740
NUTRI SYS INC NEW COM 67069D108 1,520 76,055 SH   SOLE   74,941 0 1,114
NUVERRA ENVIRONMENTAL SOLUTI COM NEW 67091K203 4,610 1,294,823 SH   SOLE   1,294,823 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 75,057 1,028,175 SH   SOLE   445,570 0 582,605
OLD NATL BANCORP IND COM 680033107 34,850 2,455,924 SH   SOLE   1,720,533 0 735,391
OLIN CORP COM PAR $1 680665205 52,110 1,626,405 SH   SOLE   698,510 0 927,895
OM GROUP INC COM 670872100 42,206 1,405,469 SH   SOLE   977,389 0 428,080
OUTFRONT MEDIA INC COM 69007J106 47,938 1,602,217 SH   SOLE   702,809 0 899,408
OXFORD INDS INC COM 691497309 2,626 34,803 SH   SOLE   34,803 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 7,105 537,417 SH   SOLE   527,547 0 9,870
PARK STERLING CORP COM 70086Y105 9,506 1,338,894 SH   SOLE   1,319,172 0 19,722
PATTERSON UTI ENERGY INC COM 703481101 61,220 3,260,739 SH   SOLE   2,280,203 0 980,536
PDC ENERGY INC COM 69327R101 1,583 29,290 SH   SOLE   29,290 0 0
PENN WEST PETE LTD NEW COM 707887105 5,643 3,419,766 SH   SOLE   1,462,909 0 1,956,857
PENTAIR PLC SHS G7S00T104 40,018 636,318 SH   SOLE   289,050 0 347,268
PEOPLES FINL CORP MISS COM 71103B102 2,110 206,884 SH   SOLE   203,086 0 3,798
PFIZER INC COM 717081103 90,356 2,597,188 SH   SOLE   1,123,180 0 1,474,008
PHILIP MORRIS INTL INC COM 718172109 48,895 649,081 SH   SOLE   283,047 0 366,034
PIER 1 IMPORTS INC COM 720279108 2,410 172,400 SH   SOLE   172,400 0 0
PLUM CREEK TIMBER CO INC COM 729251108 42,961 988,736 SH   SOLE   428,065 0 560,671
PNC FINL SVCS GROUP INC COM 693475105 64,776 694,725 SH   SOLE   303,198 0 391,527
POWELL INDS INC COM 739128106 5,440 161,098 SH   SOLE   158,142 0 2,956
PRAXAIR INC COM 74005P104 60,211 498,679 SH   SOLE   214,695 0 283,984
PRECISION DRILLING CORP COM 2010 74022D308 81,485 12,852,501 SH   SOLE   7,223,234 0 5,629,267
PREFERRED BK LOS ANGELES CA COM NEW 740367404 867 31,561 SH   SOLE   31,561 0 0
PRICE T ROWE GROUP INC COM 74144T108 51,334 633,907 SH   SOLE   270,430 0 363,477
PROASSURANCE CORP COM 74267C106 42,681 929,670 SH   SOLE   646,706 0 282,964
PROVIDENT FINL SVCS INC COM 74386t105 17,636 945,644 SH   SOLE   644,095 0 301,549
PRUDENTIAL FINL INC COM 744320102 78,579 978,442 SH   SOLE   425,090 0 553,352
QUALCOMM INC COM 747525103 68,441 987,033 SH   SOLE   419,172 0 567,861
RCI HOSPITALITY HLDGS INC COM 74934Q108 1,431 137,466 SH   SOLE   137,466 0 0
REGAL BELOIT CORP COM 758750103 53,177 665,375 SH   SOLE   458,318 0 207,057
REGIONS FINL CORP NEW COM 7591EP100 3,969 420,000 SH   SOLE   420,000 0 0
REXFORD INDL RLTY INC COM 76169C100 4,179 264,337 SH   SOLE   259,485 0 4,852
RING ENERGY INC COM 76680V108 2,871 270,378 SH   SOLE   270,378 0 0
ROCKWELL AUTOMATION INC COM 773903109 47,618 410,533 SH   SOLE   180,145 0 230,388
ROSETTA RESOURCES INC COM 777779307 2,255 132,500 SH   SOLE   132,500 0 0
SCORPIO TANKERS INC SHS Y7542C106 820 87,000 SH   SOLE   87,000 0 0
SHOE CARNIVAL INC COM 824889109 1,457 49,498 SH   SOLE   48,591 0 907
SI FINL GROUP INC MD COM 78425V104 7,963 655,401 SH   SOLE   645,151 0 10,250
SIERRA BANCORP COM 82620P102 3,938 235,791 SH   SOLE   232,361 0 3,430
SNYDERS-LANCE INC COM 833551104 30,925 967,617 SH   SOLE   678,884 0 288,733
SONOCO PRODS CO COM 835495102 41,729 917,934 SH   SOLE   394,100 0 523,834
SOTHEBYS COM 835898107 44,450 1,051,823 SH   SOLE   734,039 0 317,784
SOUTHERN COPPER CORP COM 84265V105 899 30,800 SH   SOLE   30,800 0 0
STANDARD PAC CORP NEW COM 85375C101 2,149 238,800 SH   SOLE   238,800 0 0
STEEL DYNAMICS INC COM 858119100 44,998 2,238,709 SH   SOLE   973,739 0 1,264,970
STONECASTLE FINL CORP COM 861780104 5,879 327,222 SH   SOLE   321,270 0 5,952
STONEGATE BK FT LAUDERDALE F COM 861811107 3,339 110,603 SH   SOLE   110,603 0 0
SUFFOLK BANCORP COM 864739107 1,141 48,030 SH   SOLE   48,030 0 0
SUNTRUST BKS INC COM 867914103 82,214 2,000,821 SH   SOLE   947,003 0 1,053,818
SUPERIOR ENERGY SVCS INC COM 868157108 56,475 2,527,997 SH   SOLE   1,767,949 0 760,048
SYMANTEC CORP COM 871503108 53,112 2,273,145 SH   SOLE   968,445 0 1,304,700
SYNALLOY CP DEL COM 871565107 2,143 148,737 SH   SOLE   146,013 0 2,724
SYNERGY RES CORP COM 87164P103 8,859 747,625 SH   SOLE   747,625 0 0
SYNGENTA AG SPONSORED ADR 87160A100 39,694 585,368 SH   SOLE   272,380 0 312,988
SYNOVUS FINL CORP COM NEW 87161C501 8,280 295,600 SH   SOLE   295,600 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 2,742 116,772 SH   SOLE   116,772 0 0
TETRA TECH INC NEW COM 88162G103 32,396 1,348,712 SH   SOLE   924,219 0 424,493
TEXAS PAC LD TR SUB CTF PROP I T 882610108 16,930 116,879 SH   SOLE   116,879 0 0
TIDEWATER INC COM 886423102 61,401 3,207,984 SH   SOLE   1,806,300 0 1,401,684
TIMKEN CO COM 887389104 16,361 388,250 SH   SOLE   165,880 0 222,370
TOWER INTL INC COM 891826109 1,088 40,911 SH   SOLE   40,911 0 0
TRANSOCEAN LTD REG SHS h8817h100 21,020 1,432,843 SH   SOLE   628,597 0 804,246
TRAVELCENTERS AMER LLC COM 894174101 6,570 376,733 SH   SOLE   376,733 0 0
TRICO BANCSHARES COM 896095106 10,385 430,364 SH   SOLE   422,469 0 7,895
TRONOX LTD SHS CL A Q9235V101 36,122 1,776,762 SH   SOLE   804,690 0 972,072
TRUSTMARK CORP COM 898402102 21,401 881,438 SH   SOLE   601,234 0 280,204
TSAKOS ENERGY NAVIGATION LTD SHS G9108L108 8,189 1,001,107 SH   SOLE   985,180 0 15,927
U S SILICA HLDGS INC COM 90346E103 1,070 30,060 SH   SOLE   30,060 0 0
UNITED CMNTY BANCORP IND COM 90984R101 2,744 213,897 SH   SOLE   209,967 0 3,930
UNITED FINL BANCORP INC NEW COM 910304104 13,693 1,101,608 SH   SOLE   1,085,158 0 16,450
UNITED PARCEL SERVICE INC CL B 911312106 44,974 463,939 SH   SOLE   203,299 0 260,640
UNITED TECHNOLOGIES CORP COM 913017109 42,181 359,909 SH   SOLE   158,770 0 201,139
UNIVERSAL CORP VA COM 913456109 40,854 866,280 SH   SOLE   567,214 0 299,066
UNIVERSAL TRUCKLOAD SVCS INC COM 91388P105 12,479 495,605 SH   SOLE   488,336 0 7,269
UNIVEST CORP PA COM 915271100 7,343 371,062 SH   SOLE   364,256 0 6,806
US BANCORP DEL COM NEW 902973304 47,781 1,094,128 SH   SOLE   466,894 0 627,234
VALE S A ADR 91912E105 1,989 352,075 SH   SOLE   289,375 0 62,700
VIAD CORP COM NEW 92552R406 4,417 158,767 SH   SOLE   155,859 0 2,908
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 7,626 417,859 SH   SOLE   417,859 0 0
VISTEON CORP COM NEW 92839u206 8,869 92,000 SH   SOLE   92,000 0 0
VITAMIN SHOPPE INC COM 92849E101 2,183 53,000 SH   SOLE   53,000 0 0
WAL-MART STORES INC COM 931142103 77,077 937,106 SH   SOLE   411,281 0 525,825
WAUSAU PAPER CORP COM 943315101 17,302 1,815,549 SH   SOLE   1,788,601 0 26,948
WESTAMERICA BANCORPORATION COM 957090103 40,644 940,605 SH   SOLE   658,571 0 282,034
WEYCO GROUP INC COM 962149100 3,883 129,879 SH   SOLE   127,499 0 2,380
WISDOMTREE TR INDIA ERNGS FD 97717W422 1,179 51,700 SH   SOLE   51,700 0 0
XILINX INC COM 983919101 48,137 1,137,997 SH   SOLE   498,165 0 639,832
YRC WORLDWIDE INC COM PAR $.01 984249607 11,723 652,713 SH   SOLE   652,713 0 0
ZIONS BANCORPORATION COM 989701107 6,861 254,100 SH   SOLE   254,100 0 0