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 44,411 768,890 SH   SOLE   331,860 0 437,030
ABERCROMBIE & FITCH CO CL A 002896207 103,802 2,856,402 SH   SOLE   1,534,086 0 1,322,316
ABM INDS INC COM 000957100 35,544 1,383,588 SH   SOLE   915,254 0 468,334
ACACIA RESH CORP ACACIA TCH COM 003881307 51,674 3,338,104 SH   SOLE   2,610,138 0 727,966
ADTRAN INC COM 00738A106 31,338 1,526,452 SH   SOLE   1,012,513 0 513,939
AK STL HLDG CORP COM 001547108 661 82,500 SH   SOLE   82,500 0 0
ALLIANCE BANCORP INC PA NEW COM 01890a108 5,384 336,496 SH   SOLE   330,496 0 6,000
ALLY FINL INC COM 02005N100 3,168 136,900 SH   SOLE   136,900 0 0
ALON USA PARTNERS LP UT LTDPART INT 02052T109 299 16,895 SH   SOLE   16,895 0 0
AMC ENTMT HLDGS INC CL A COM 00165C104 839 36,500 SH   SOLE   36,500 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 117,231 8,073,740 SH   SOLE   4,193,908 0 3,879,832
AMERICAN INTL GROUP INC COM NEW 026874784 3,943 73,000 SH   SOLE   73,000 0 0
AMERICAN SCIENCE & ENGR INC COM 029429107 9,464 170,894 SH   SOLE   168,509 0 2,385
AMERICAN VANGUARD CORP COM 030371108 5,450 486,640 SH   SOLE   479,730 0 6,910
ARTESIAN RESOURCES CORP CL A 043113208 3,834 190,369 SH   SOLE   186,969 0 3,400
ASSURED GUARANTY LTD COM g0585r106 9,605 433,440 SH   SOLE   433,440 0 0
ASTEC INDS INC COM 046224101 19,934 546,593 SH   SOLE   358,998 0 187,595
ASTORIA FINL CORP COM 046265104 27,200 2,195,296 SH   SOLE   1,500,029 0 695,267
AT&T INC COM 00206R102 97,651 2,771,015 SH   SOLE   1,205,930 0 1,565,085
AVERY DENNISON CORP COM 053611109 45,534 1,019,800 SH   SOLE   439,250 0 580,550
BALDWIN & LYONS INC CL B 057755209 5,374 217,583 SH   SOLE   213,693 0 3,890
BANC CALIF INC COM 05990K106 6,939 596,615 SH   SOLE   585,965 0 10,650
BANCOLOMBIA S A SPON ADR PREF 05968L102 1,481 26,110 SH   SOLE   26,110 0 0
BANK AMER CORP COM 060505104 9,014 528,660 SH   SOLE   528,660 0 0
BANK MUTUAL CORP NEW COM 063750103 9,355 1,459,474 SH   SOLE   1,439,004 0 20,470
BAXTER INTL INC COM 071813109 68,286 951,451 SH   SOLE   406,965 0 544,486
BB&T CORP COM 054937107 90,730 2,438,319 SH   SOLE   1,041,549 0 1,396,770
BEBE STORES INC COM 075571109 7,330 3,159,301 SH   SOLE   3,115,431 0 43,870
BEMIS INC COM 081437105 47,461 1,248,323 SH   SOLE   541,823 0 706,500
BERKSHIRE HILLS BANCORP INC COM 084680107 5,060 215,397 SH   SOLE   211,547 0 3,850
BIG 5 SPORTING GOODS CORP COM 08915P101 6,567 700,813 SH   SOLE   688,293 0 12,520
BLACK BOX CORP DEL COM 091826107 3,799 162,913 SH   SOLE   159,993 0 2,920
BLACKBAUD INC COM 09227Q100 48,239 1,227,758 SH   SOLE   839,179 0 388,579
BRIGGS & STRATTON CORP COM 109043109 31,330 1,738,628 SH   SOLE   1,141,205 0 597,423
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 2,704 143,134 SH   SOLE   143,134 0 0
BROOKLINE BANCORP INC DEL COM 11373m107 38,598 4,514,378 SH   SOLE   3,290,159 0 1,224,219
C D I CORP COM 125071100 9,063 624,167 SH   SOLE   613,237 0 10,930
CALIFORNIA WTR SVC GROUP COM 130788102 22,244 991,279 SH   SOLE   697,075 0 294,204
CAPITOL FED FINL INC COM 14057j101 30,206 2,555,537 SH   SOLE   1,741,615 0 813,922
CARDINAL FINL CORP COM 14149F109 7,320 428,798 SH   SOLE   421,143 0 7,655
CATCHMARK TIMBER TR INC CL A 14912Y202 7,122 649,841 SH   SOLE   638,241 0 11,600
CHARTER FINL CORP MD COM 16122W108 4,510 421,455 SH   SOLE   413,925 0 7,530
CHEMICAL FINL CORP COM 163731102 30,970 1,151,713 SH   SOLE   762,468 0 389,245
CHEVRON CORP NEW COM 166764100 66,235 555,100 SH   SOLE   239,500 0 315,600
CHICOS FAS INC COM 168615102 45,001 3,046,772 SH   SOLE   2,028,465 0 1,018,307
CISCO SYS INC COM 17275R102 75,066 2,982,377 SH   SOLE   1,289,950 0 1,692,427
CITIGROUP INC *W EXP 01/04/201 172967226 1,934 2,035,500 SH   SOLE   2,035,500 0 0
CITIGROUP INC COM NEW 172967424 6,063 117,000 SH   SOLE   117,000 0 0
CLARCOR INC COM 179895107 45,733 724,996 SH   SOLE   483,126 0 241,870
COACH INC COM 189754104 59,918 1,682,628 SH   SOLE   780,173 0 902,455
COCA COLA CO COM 191216100 69,231 1,622,848 SH   SOLE   695,643 0 927,205
COHU INC COM 192576106 29,868 2,495,250 SH   SOLE   1,950,635 0 544,615
COLUMBIA BKG SYS INC COM 197236102 27,000 1,088,257 SH   SOLE   714,328 0 373,929
COMFORT SYS USA INC COM 199908104 10,836 799,698 SH   SOLE   788,598 0 11,100
COMMUNICATIONS SYS INC COM 203900105 3,480 311,784 SH   SOLE   306,204 0 5,580
CONNECTICUT WTR SVC INC COM 207797101 6,742 207,440 SH   SOLE   204,330 0 3,110
COPA HOLDINGS SA CL A P31076105 39,214 365,500 SH   SOLE   162,500 0 203,000
CULLEN FROST BANKERS INC COM 229899109 52,817 690,326 SH   SOLE   300,725 0 389,601
CVB FINL CORP COM 126600105 15,373 1,071,306 SH   SOLE   704,204 0 367,102
DAKTRONICS INC COM 234264109 5,616 456,953 SH   SOLE   448,788 0 8,165
DANAOS CORPORATION SHS Y1968P105 26,146 5,086,779 SH   SOLE   5,086,779 0 0
DAWSON GEOPHYSICAL CO COM 239359102 5,375 295,633 SH   SOLE   290,353 0 5,280
DEAN FOODS CO NEW COM NEW 242370203 46,353 3,498,308 SH   SOLE   2,551,761 0 946,547
DEERE & CO COM 244199105 54,022 658,889 SH   SOLE   278,497 0 380,392
DEUTSCHE BANK AG NAMEN AKT D18190898 5,099 146,276 SH   SOLE   125,286 0 20,990
DIANA CONTAINERSHIPS INC COM Y2069P101 179 79,690 SH   SOLE   79,690 0 0
DIEBOLD INC COM 253651103 42,374 1,199,705 SH   SOLE   809,796 0 389,909
DIME CMNTY BANCSHARES COM 253922108 3,644 253,062 SH   SOLE   249,592 0 3,470
DONEGAL GROUP INC CL A 257701201 8,747 569,486 SH   SOLE   561,051 0 8,435
EAGLE BANCORP MONT INC COM 26942G100 3,840 357,509 SH   SOLE   351,129 0 6,380
EASTERN CO COM 276317104 7,963 498,917 SH   SOLE   491,742 0 7,175
EATON CORP PLC SHS G29183103 42,109 664,500 SH   SOLE   293,100 0 371,400
ELLINGTON FINANCIAL LLC COM 288522303 1,589 71,500 SH   SOLE   71,500 0 0
EMERALD OIL INC COM NEW 29101U209 4,782 777,510 SH   SOLE   777,510 0 0
EMERSON ELEC CO COM 291011104 82,194 1,313,429 SH   SOLE   564,190 0 749,239
ENTERPRISE FINL SVCS CORP COM 293712105 8,714 521,195 SH   SOLE   511,875 0 9,320
ETHAN ALLEN INTERIORS INC COM 297602104 41,783 1,832,600 SH   SOLE   1,320,077 0 512,523
EXXON MOBIL CORP COM 30231g102 99,898 1,062,185 SH   SOLE   473,031 0 589,154
FBR & CO COM NEW 30247C400 4,643 168,710 SH   SOLE   168,710 0 0
FIFTH THIRD BANCORP COM 316773100 91,050 4,547,950 SH   SOLE   2,044,350 0 2,503,600
FINANCIAL INSTNS INC COM 317585404 4,807 213,821 SH   SOLE   209,641 0 4,180
FIRST BANCORP INC ME COM 31866P102 3,295 197,678 SH   SOLE   194,158 0 3,520
FIRST FINL BANCORP OH COM 320209109 36,092 2,279,969 SH   SOLE   1,556,336 0 723,633
FIRST HORIZON NATL CORP COM 320517105 1,636 133,200 SH   SOLE   133,200 0 0
FIRST MERCHANTS CORP COM 320817109 9,115 450,990 SH   SOLE   294,720 0 156,270
FIRSTMERIT CORP COM 337915102 52,980 3,010,230 SH   SOLE   1,324,795 0 1,685,435
FIVE OAKS INVT CORP COM 33830W106 767 73,000 SH   SOLE   73,000 0 0
FLOWERS FOODS INC COM 343498101 46,329 2,523,377 SH   SOLE   1,100,812 0 1,422,565
FLY LEASING LTD SPONSORED ADR 34407D109 3,710 289,649 SH   SOLE   289,649 0 0
FNB CORP PA COM 302520101 53,269 4,442,771 SH   SOLE   2,952,202 0 1,490,569
FORD MTR CO DEL COM PAR $0.01 345370860 79,493 5,374,810 SH   SOLE   2,302,870 0 3,071,940
FORESTAR GROUP INC COM 346233109 3,438 194,003 SH   SOLE   194,003 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 5,726 832,271 SH   SOLE   832,271 0 0
FORWARD AIR CORP COM 349853101 29,489 657,798 SH   SOLE   447,980 0 209,818
FREEPORT-MCMORAN INC CL B 35671D857 82,462 2,525,648 SH   SOLE   1,086,378 0 1,439,270
GALLAGHER ARTHUR J & CO COM 363576109 47,023 1,036,673 SH   SOLE   453,177 0 583,496
GAP INC DEL COM 364760108 5,232 125,500 SH   SOLE   125,500 0 0
GASTAR EXPL INC NEW COM 36729W202 766 130,545 SH   SOLE   130,545 0 0
GENERAL CABLE CORP DEL NEW COM 369300108 12,681 840,907 SH   SOLE   557,650 0 283,257
GENERAL ELECTRIC CO COM 369604103 92,599 3,614,326 SH   SOLE   1,539,902 0 2,074,424
GENERAL MTRS CO COM 37045V100 81,623 2,555,500 SH   SOLE   1,101,500 0 1,454,000
GENERAL MTRS CO *W EXP 07/10/201 37045V126 12,248 847,010 SH   SOLE   847,010 0 0
GERDAU S A SPON ADR REP PFD 373737105 907 188,900 SH   SOLE   188,900 0 0
GLADSTONE LD CORP COM 376549101 5,633 469,066 SH   SOLE   462,626 0 6,440
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 9,053 607,558 SH   SOLE   565,903 0 41,655
GLOBAL SHIP LEASE INC NEW SHS A Y27183105 24,670 6,152,214 SH   SOLE   6,152,214 0 0
GNC HLDGS INC COM CL A 36191G107 3,060 79,000 SH   SOLE   79,000 0 0
GRANITE CONSTR INC COM 387328107 50,090 1,574,659 SH   SOLE   1,072,033 0 502,626
GREEN DOT CORP CL A 39304D102 3,095 146,426 SH   SOLE   146,426 0 0
GREIF INC CL A 397624107 32,103 732,776 SH   SOLE   487,982 0 244,794
GUESS INC COM 401617105 81,026 3,688,010 SH   SOLE   1,797,310 0 1,890,700
GULF ISLAND FABRICATION INC COM 402307102 7,545 438,680 SH   SOLE   432,630 0 6,050
GULFMARK OFFSHORE INC CL A NEW 402629208 23,679 755,301 SH   SOLE   514,133 0 241,168
HANCOCK HLDG CO COM 410120109 45,985 1,434,775 SH   SOLE   972,916 0 461,859
HARSCO CORP COM 415864107 79,164 3,697,537 SH   SOLE   2,092,883 0 1,604,654
HAWAIIAN HOLDINGS INC COM 419879101 3,856 286,700 SH   SOLE   286,700 0 0
HAYNES INTERNATIONAL INC COM NEW 420877201 23,962 521,025 SH   SOLE   391,456 0 129,569
HEALTHCARE RLTY TR COM 421946104 19,952 842,576 SH   SOLE   567,657 0 274,919
HERITAGE FINL CORP WASH COM 42722x106 12,694 801,374 SH   SOLE   789,479 0 11,895
HOPFED BANCORP INC COM 439734104 2,681 233,106 SH   SOLE   228,936 0 4,170
HOUSTON WIRE & CABLE CO COM 44244K109 4,259 355,538 SH   SOLE   349,188 0 6,350
HOWARD HUGHES CORP COM 44267D107 10,308 68,722 SH   SOLE   68,722 0 0
HUDSON VALLEY HOLDING CORP COM 444172100 9,640 531,133 SH   SOLE   523,613 0 7,520
IAC INTERACTIVECORP COM PAR $.001 44919P508 43,560 661,000 SH   SOLE   291,650 0 369,350
IBERIABANK CORP COM 450828108 29,416 470,584 SH   SOLE   319,331 0 151,253
ICICI BK LTD ADR 45104G104 982 20,000 SH   SOLE   20,000 0 0
INFINITY PPTY & CAS CORP COM 45665Q103 43,490 679,421 SH   SOLE   459,176 0 220,245
INFOSYS LTD SPONSORED ADR 456788108 5,195 85,876 SH   SOLE   76,596 0 9,280
INTERNATIONAL BUSINESS MACHS COM 459200101 82,945 436,944 SH   SOLE   188,264 0 248,680
INTL PAPER CO COM 460146103 54,987 1,151,800 SH   SOLE   494,900 0 656,900
ISHARES MSCI TAIWAN ETF 464286731 1,203 78,766 SH   SOLE   78,766 0 0
IXYS CORP COM 46600W106 1,133 107,930 SH   SOLE   106,190 0 1,740
JOHNSON CTLS INC COM 478366107 72,121 1,639,124 SH   SOLE   703,664 0 935,460
JPMORGAN CHASE & CO COM 46625h100 103,104 1,711,562 SH   SOLE   802,806 0 908,756
KELLOGG CO COM 487836108 46,339 752,262 SH   SOLE   325,950 0 426,312
KINDER MORGAN INC DEL COM 49456B101 58,686 1,530,668 SH   SOLE   659,450 0 871,218
KNOLL INC COM NEW 498904200 21,378 1,234,993 SH   SOLE   830,822 0 404,171
KRONOS WORLDWIDE INC COM 50105F105 29,970 2,174,888 SH   SOLE   1,444,955 0 729,933
L-3 COMMUNICATIONS HLDGS INC COM 502424104 48,470 407,589 SH   SOLE   175,940 0 231,649
LANDAUER INC COM 51476K103 9,684 293,366 SH   SOLE   288,991 0 4,375
LAS VEGAS SANDS CORP COM 517834107 1,903 30,596 SH   SOLE   30,596 0 0
LEAR CORP COM NEW 521865204 5,868 67,907 SH   SOLE   67,907 0 0
LIMONEIRA CO COM 532746104 1,565 66,046 SH   SOLE   66,046 0 0
M & T BK CORP COM 55261F104 45,828 371,707 SH   SOLE   159,300 0 212,407
M D C HLDGS INC COM 552676108 23,764 938,546 SH   SOLE   627,533 0 311,013
MAGNUM HUNTER RES CORP DEL COM 55973B102 5,142 923,166 SH   SOLE   923,166 0 0
MARATHON OIL CORP COM 565849106 65,775 1,749,806 SH   SOLE   754,740 0 995,066
MARATHON PETE CORP COM 56585A102 43,905 518,541 SH   SOLE   217,401 0 301,140
MARKET VECTORS ETF TR EGYPT INDX ETF 57061R569 614 8,500 SH   SOLE   8,500 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 45,581 1,507,300 SH   SOLE   654,200 0 853,100
MB FINANCIAL INC NEW COM 55264u108 23,599 852,548 SH   SOLE   559,589 0 292,959
MBIA INC COM 55262C100 3,523 383,800 SH   SOLE   383,800 0 0
MCDONALDS CORP COM 580135101 45,782 482,883 SH   SOLE   207,503 0 275,380
MCGRATH RENTCORP COM 580589109 8,917 260,740 SH   SOLE   169,845 0 90,895
MEDTRONIC INC COM 585055106 38,024 613,779 SH   SOLE   263,650 0 350,129
MELCO CROWN ENTMT LTD ADR 585464100 1,630 62,000 SH   SOLE   62,000 0 0
MEREDITH CORP COM 589433101 34,900 815,410 SH   SOLE   548,016 0 267,394
MERITOR INC COM 59001K100 1,435 132,300 SH   SOLE   132,300 0 0
METLIFE INC COM 59156R108 45,206 841,516 SH   SOLE   359,652 0 481,864
MGIC INVT CORP WIS COM 552848103 2,058 263,500 SH   SOLE   263,500 0 0
MICREL INC COM 594793101 43,757 3,637,350 SH   SOLE   2,630,649 0 1,006,701
MIDDLEBURG FINANCIAL CORP COM 596094102 6,885 388,093 SH   SOLE   382,483 0 5,610
MILLER HERMAN INC COM 600544100 34,236 1,146,929 SH   SOLE   775,534 0 371,395
MILLER INDS INC TENN COM NEW 600551204 4,849 286,942 SH   SOLE   281,798 0 5,144
MORGAN STANLEY COM NEW 617446448 50,923 1,473,039 SH   SOLE   730,400 0 742,639
MOSAIC CO NEW COM 61945C103 45,862 1,032,701 SH   SOLE   443,100 0 589,601
MRC GLOBAL INC COM 55345K103 704 30,200 SH   SOLE   30,200 0 0
MURPHY OIL CORP COM 626717102 52,960 930,591 SH   SOLE   405,980 0 524,611
NATIONAL BK HLDGS CORP CL A 633707104 32,576 1,703,760 SH   SOLE   1,165,603 0 538,157
NATIONAL FUEL GAS CO N J COM 636180101 44,132 630,549 SH   SOLE   274,610 0 355,939
NATIONAL PENN BANCSHARES INC COM 637138108 35,778 3,684,629 SH   SOLE   2,514,921 0 1,169,708
NATIONSTAR MTG HLDGS INC COM 63861C109 3,999 116,785 SH   SOLE   116,785 0 0
NEW MEDIA INVT GROUP INC COM 64704V106 1,848 111,136 SH   SOLE   111,136 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 31,240 5,358,541 SH   SOLE   3,615,310 0 1,743,231
NEWCASTLE INVT CORP NEW COM NEW 65105M504 11,624 916,683 SH   SOLE   916,683 0 0
NORTHEAST CMNTY BANCORP INC COM 664112109 1,656 238,862 SH   SOLE   234,602 0 4,260
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 2,530 108,334 SH   SOLE   108,334 0 0
NORTHFIELD BANCORP INC DEL COM 66611T108 11,017 808,893 SH   SOLE   531,481 0 277,412
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 3,940 223,000 SH   SOLE   223,000 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 32,437 2,680,758 SH   SOLE   1,828,621 0 852,137
NUCOR CORP COM 670346105 58,909 1,085,280 SH   SOLE   467,630 0 617,650
NUTRI SYS INC NEW COM 67069D108 8,428 548,343 SH   SOLE   540,723 0 7,620
NUVERRA ENVIRONMENTAL SOLUTI COM NEW 67091K203 310 21,000 SH   SOLE   21,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 87,914 914,345 SH   SOLE   392,388 0 521,957
OLD NATL BANCORP IND COM 680033107 30,318 2,337,533 SH   SOLE   1,588,264 0 749,269
OLIN CORP COM PAR $1 680665205 43,521 1,723,600 SH   SOLE   721,200 0 1,002,400
PACIFIC CONTINENTAL CORP COM 69412V108 5,407 420,803 SH   SOLE   413,273 0 7,530
PARAGON SHIPPING INC CL A NEW 69913R408 428 107,283 SH   SOLE   107,283 0 0
PARK STERLING CORP COM 70086Y105 8,232 1,241,575 SH   SOLE   1,224,055 0 17,520
PBF ENERGY INC CL A 69318G106 36,622 1,525,912 SH   SOLE   1,035,189 0 490,723
PDC ENERGY INC COM 69327R101 754 15,000 SH   SOLE   15,000 0 0
PENN WEST PETE LTD NEW COM 707887105 23,794 3,524,984 SH   SOLE   1,531,717 0 1,993,267
PENNEY J C INC COM 708160106 3,829 381,400 SH   SOLE   381,400 0 0
PEOPLES FINL CORP MISS COM 71103B102 3,660 276,460 SH   SOLE   271,529 0 4,931
PEOPLES UNITED FINANCIAL INC COM 712704105 27,009 1,866,567 SH   SOLE   823,680 0 1,042,887
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 1,266 85,050 SH   SOLE   85,050 0 0
PFIZER INC COM 717081103 88,479 2,992,200 SH   SOLE   1,302,740 0 1,689,460
PG&E CORP COM 69331C108 44,315 983,901 SH   SOLE   434,258 0 549,643
PHILIP MORRIS INTL INC COM 718172109 59,274 710,717 SH   SOLE   321,937 0 388,780
PIER 1 IMPORTS INC COM 720279108 13,352 1,122,930 SH   SOLE   746,490 0 376,440
PINNACLE FOODS INC DEL COM 72348P104 3,485 106,753 SH   SOLE   106,753 0 0
PLUM CREEK TIMBER CO INC COM 729251108 45,743 1,172,600 SH   SOLE   511,875 0 660,725
PNC FINL SVCS GROUP INC COM 693475105 67,809 792,346 SH   SOLE   341,813 0 450,533
PRAXAIR INC COM 74005P104 70,034 542,900 SH   SOLE   233,450 0 309,450
PRECISION DRILLING CORP COM 2010 74022D308 761 70,500 SH   SOLE   70,500 0 0
PRICE T ROWE GROUP INC COM 74144T108 57,357 731,600 SH   SOLE   315,200 0 416,400
PROASSURANCE CORP COM 74267C106 36,067 818,403 SH   SOLE   541,017 0 277,386
PRUDENTIAL FINL INC COM 744320102 77,872 885,515 SH   SOLE   381,650 0 503,865
QUALCOMM INC COM 747525103 80,310 1,074,090 SH   SOLE   460,227 0 613,863
RALPH LAUREN CORP CL A 751212101 3,064 18,600 SH   SOLE   18,600 0 0
RCI HOSPITALITY HLDGS INC COM 74934Q108 1,056 95,794 SH   SOLE   95,794 0 0
RCS CAP CORP COM CL A 74937W102 1,544 68,553 SH   SOLE   68,553 0 0
REDWOOD TR INC COM 758075402 1,559 94,000 SH   SOLE   94,000 0 0
REGAL BELOIT CORP COM 758750103 37,347 581,272 SH   SOLE   382,494 0 198,778
REGAL ENTMT GROUP CL A 758766109 45,993 2,313,515 SH   SOLE   1,005,511 0 1,308,004
RESOURCES CONNECTION INC COM 76122q105 34,062 2,443,457 SH   SOLE   1,756,437 0 687,020
REXFORD INDL RLTY INC COM 76169C100 4,632 334,657 SH   SOLE   328,677 0 5,980
RING ENERGY INC COM 76680V108 817 55,448 SH   SOLE   55,448 0 0
SCHNITZER STL INDS CL A 806882106 24,001 997,959 SH   SOLE   653,865 0 344,094
SEARS HOMETOWN & OUTLET STOR COM 812362101 276 17,800 SH   SOLE   17,800 0 0
SHOE CARNIVAL INC COM 824889109 4,659 261,590 SH   SOLE   256,910 0 4,680
SI FINL GROUP INC MD COM 78425V104 6,715 600,118 SH   SOLE   589,398 0 10,720
SIERRA BANCORP COM 82620P102 4,407 262,950 SH   SOLE   259,270 0 3,680
SIMPLICITY BANCORP COM 828867101 2,169 129,090 SH   SOLE   126,790 0 2,300
SIMPSON MANUFACTURING CO INC COM 829073105 27,258 935,087 SH   SOLE   637,784 0 297,303
SJW CORP COM 784305104 4,565 169,903 SH   SOLE   166,873 0 3,030
SNYDERS-LANCE INC COM 833551104 39,700 1,498,105 SH   SOLE   1,018,282 0 479,823
SONOCO PRODS CO COM 835495102 44,889 1,142,500 SH   SOLE   491,900 0 650,600
SOTHEBYS COM 835898107 33,819 946,768 SH   SOLE   613,648 0 333,120
SPARTANNASH CO COM 847215100 5,960 306,418 SH   SOLE   300,948 0 5,470
STAGE STORES INC COM NEW 85254C305 28,388 1,659,140 SH   SOLE   1,247,084 0 412,056
STANDARD PAC CORP NEW COM 85375C101 1,842 245,989 SH   SOLE   245,989 0 0
STANLEY BLACK & DECKER INC COM 854502101 45,841 516,280 SH   SOLE   226,780 0 289,500
STONECASTLE FINL CORP COM 861780104 5,105 203,017 SH   SOLE   199,387 0 3,630
STONEGATE BK FT LAUDERDALE F COM 861811107 1,032 40,079 SH   SOLE   40,079 0 0
SUNTRUST BKS INC COM 867914103 78,112 2,053,947 SH   SOLE   885,668 0 1,168,279
SUSQUEHANNA BANCSHARES INC P COM 869099101 35,785 3,578,496 SH   SOLE   2,397,616 0 1,180,880
SYMANTEC CORP COM 871503108 67,264 2,861,075 SH   SOLE   1,226,414 0 1,634,661
SYNERGY RES CORP COM 87164P103 6,823 559,690 SH   SOLE   559,690 0 0
SYNGENTA AG SPONSORED ADR 87160A100 37,866 597,539 SH   SOLE   275,600 0 321,939
SYNOVUS FINL CORP COM NEW 87161C501 7,856 332,300 SH   SOLE   332,300 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 2,187 108,372 SH   SOLE   108,372 0 0
TECHNE CORP COM 878377100 43,268 462,516 SH   SOLE   314,494 0 148,022
TESSERA TECHNOLOGIES INC COM 88164L100 16,594 624,298 SH   SOLE   423,741 0 200,557
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 1,308 24,330 SH   SOLE   24,330 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 10,263 53,333 SH   SOLE   53,333 0 0
TIDEWATER INC COM 886423102 78,587 2,013,498 SH   SOLE   1,027,964 0 985,534
TRANSOCEAN LTD REG SHS h8817h100 48,255 1,509,369 SH   SOLE   710,277 0 799,092
TRAVELCENTERS OF AMERICA LLC COM 894174101 13,748 1,391,475 SH   SOLE   1,391,475 0 0
TRICO BANCSHARES COM 896095106 10,464 462,593 SH   SOLE   454,318 0 8,275
TRONOX LTD SHS CL A Q9235V101 40,667 1,561,100 SH   SOLE   702,500 0 858,600
TRUSTMARK CORP COM 898402102 20,910 907,740 SH   SOLE   592,070 0 315,670
TSAKOS ENERGY NAVIGATION LTD SHS G9108L108 16,903 2,649,427 SH   SOLE   2,172,439 0 476,988
UNITED CMNTY BANCORP IND COM 90984R101 2,764 231,295 SH   SOLE   227,165 0 4,130
UNITED FINL BANCORP INC NEW COM 910304104 14,342 1,130,186 SH   SOLE   1,113,991 0 16,195
UNITED PARCEL SERVICE INC CL B 911312106 55,681 566,500 SH   SOLE   249,250 0 317,250
UNITED TECHNOLOGIES CORP COM 913017109 43,930 416,000 SH   SOLE   181,300 0 234,700
UNITIL CORP COM 913259107 7,073 227,500 SH   SOLE   224,400 0 3,100
UNIVERSAL CORP VA COM 913456109 28,612 644,565 SH   SOLE   407,481 0 237,084
UNIVERSAL TRUCKLOAD SVCS INC COM 91388P105 14,436 595,292 SH   SOLE   586,782 0 8,510
UNIVEST CORP PA COM 915271100 6,841 364,835 SH   SOLE   358,305 0 6,530
US BANCORP DEL COM NEW 902973304 52,984 1,266,646 SH   SOLE   541,359 0 725,287
VALE S A ADR 91912E105 3,943 358,145 SH   SOLE   307,945 0 50,200
VALLEY NATL BANCORP COM 919794107 21,858 2,255,778 SH   SOLE   975,124 0 1,280,654
VALUEVISION MEDIA INC CL A 92047K107 915 178,400 SH   SOLE   178,400 0 0
VIAD CORP COM NEW 92552R406 6,853 331,846 SH   SOLE   325,916 0 5,930
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 2,046 88,055 SH   SOLE   88,055 0 0
VISTEON CORP COM NEW 92839u206 4,085 42,000 SH   SOLE   42,000 0 0
VITAMIN SHOPPE INC COM 92849E101 910 20,500 SH   SOLE   20,500 0 0
WABASH NATL CORP COM 929566107 3,297 247,500 SH   SOLE   247,500 0 0
WALGREEN CO COM 931422109 46,428 783,324 SH   SOLE   333,694 0 449,630
WAL-MART STORES INC COM 931142103 80,725 1,055,647 SH   SOLE   465,821 0 589,826
WASHINGTON FED INC COM 938824109 18,539 910,537 SH   SOLE   621,005 0 289,532
WATSCO INC COM 942622200 6,705 77,800 SH   SOLE   49,890 0 27,910
WAUSAU PAPER CORP COM 943315101 13,889 1,751,403 SH   SOLE   1,726,713 0 24,690
WESTAMERICA BANCORPORATION COM 957090103 42,536 914,357 SH   SOLE   623,622 0 290,735
WEYCO GROUP INC COM 962149100 3,493 139,103 SH   SOLE   136,613 0 2,490
WISDOMTREE TR INDIA ERNGS FD 97717W422 995 45,400 SH   SOLE   45,400 0 0
XILINX INC COM 983919101 49,889 1,178,025 SH   SOLE   516,725 0 661,300
YRC WORLDWIDE INC COM PAR $.01 984249607 9,351 460,193 SH   SOLE   460,193 0 0
ZIONS BANCORPORATION COM 989701107 5,808 199,850 SH   SOLE   199,850 0 0