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 47,773 904,625 SH   SOLE   356,460 0 548,165
ABERCROMBIE & FITCH CO CL A 002896207 108,930 3,309,951 SH   SOLE   1,906,861 0 1,403,090
ABM INDS INC COM 000957100 36,093 1,262,447 SH   SOLE   906,589 0 355,858
ACACIA RESH CORP ACACIA TCH COM 003881307 41,797 2,874,620 SH   SOLE   2,366,530 0 508,090
ADTRAN INC COM 00738A106 20,961 776,045 SH   SOLE   557,056 0 218,989
AEROPOSTALE COM 007865108 3,012 331,315 SH   SOLE   331,315 0 0
ALLIANCE BANCORP INC PA NEW COM 01890a108 6,661 432,538 SH   SOLE   426,388 0 6,150
ALON USA ENERGY INC COM 020520102 12,224 739,045 SH   SOLE   728,645 0 10,400
ALON USA PARTNERS LP UT LTDPART INT 02052T109 4,276 256,638 SH   SOLE   256,638 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 10,736 524,988 SH   SOLE   524,988 0 0
AMERICAN CAP LTD COM 02503Y103 2,782 177,866 SH   SOLE   177,866 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 81,028 5,626,970 SH   SOLE   2,260,020 0 3,366,950
AMERICAN INTL GROUP INC COM NEW 026874784 12,681 248,400 SH   SOLE   248,400 0 0
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 1,829 106,600 SH   SOLE   106,600 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 4,743 369,090 SH   SOLE   369,090 0 0
AMERICAN SOFTWARE INC CL A 029683109 2,731 276,719 SH   SOLE   272,809 0 3,910
AMPCO-PITTSBURGH CORP COM 032037103 3,706 190,533 SH   SOLE   187,843 0 2,690
AMREIT INC NEW CL B 03216B208 7,865 468,151 SH   SOLE   461,551 0 6,600
APPLE INC COM 037833100 15,327 27,320 SH   SOLE   27,320 0 0
ARBOR RLTY TR INC COM 038923108 547 82,100 SH   SOLE   82,100 0 0
ARES COML REAL ESTATE CORP COM 04013V108 1,348 102,900 SH   SOLE   102,900 0 0
ARTESIAN RESOURCES CORP CL A 043113208 2,535 110,450 SH   SOLE   108,890 0 1,560
ASSURED GUARANTY LTD COM g0585r106 5,428 230,100 SH   SOLE   230,100 0 0
ASTEC INDS INC COM 046224101 19,168 496,194 SH   SOLE   353,859 0 142,335
ASTORIA FINL CORP COM 046265104 29,482 2,131,742 SH   SOLE   1,578,362 0 553,380
AT&T INC COM 00206R102 96,956 2,757,565 SH   SOLE   1,087,830 0 1,669,735
BALDWIN & LYONS INC CL B 057755209 7,626 279,134 SH   SOLE   275,194 0 3,940
BANK MUTUAL CORP NEW COM 063750103 9,951 1,419,603 SH   SOLE   1,402,003 0 17,600
BANK NEW YORK MELLON CORP COM 064058100 75,857 2,171,063 SH   SOLE   858,950 0 1,312,113
BANK OF AMERICA CORPORATION COM 060505104 13,000 834,960 SH   SOLE   834,960 0 0
BAXTER INTL INC COM 071813109 73,240 1,053,056 SH   SOLE   415,270 0 637,786
BB&T CORP COM 054937107 104,369 2,796,600 SH   SOLE   1,101,550 0 1,695,050
BEBE STORES INC COM 075571109 14,898 2,800,297 SH   SOLE   2,769,132 0 31,165
BEL FUSE INC CL B 077347300 6,795 318,854 SH   SOLE   314,358 0 4,496
BEMIS INC COM 081437105 48,846 1,192,540 SH   SOLE   476,390 0 716,150
BOLT TECHNOLOGY CORP COM 097698104 4,352 197,721 SH   SOLE   195,475 0 2,246
BOX SHIPS INCORPORATED SHS Y09675102 626 190,248 SH   SOLE   190,248 0 0
BRIDGE BANCORP INC COM 108035106 440 16,935 SH   SOLE   16,695 0 240
BRIGGS & STRATTON CORP COM 109043109 3,141 144,360 SH   SOLE   102,880 0 41,480
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 6,121 306,978 SH   SOLE   306,978 0 0
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 15,731 650,306 SH   SOLE   650,306 0 0
BROOKLINE BANCORP INC DEL COM 11373m107 42,423 4,442,231 SH   SOLE   3,497,555 0 944,676
BROOKS AUTOMATION INC COM 114340102 35,769 3,409,865 SH   SOLE   2,608,025 0 801,840
C D I CORP COM 125071100 5,225 282,001 SH   SOLE   278,021 0 3,980
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 67,599 1,158,511 SH   SOLE   464,765 0 693,746
CABOT CORP COM 127055101 42,565 828,107 SH   SOLE   612,685 0 215,422
CAL DIVE INTL INC DEL COM 12802T101 384 190,910 SH   SOLE   190,910 0 0
CALAMOS ASSET MGMT INC CL A 12811R104 3,423 289,064 SH   SOLE   284,994 0 4,070
CALIFORNIA WTR SVC GROUP COM 130788102 21,528 933,174 SH   SOLE   683,564 0 249,610
CAPITOL FED FINL INC COM 14057j101 35,734 2,950,754 SH   SOLE   2,180,442 0 770,312
CAPSTEAD MTG CORP COM NO PAR 14067E506 26,226 2,171,010 SH   SOLE   1,590,176 0 580,834
CARDINAL FINL CORP COM 14149F109 6,446 358,330 SH   SOLE   353,265 0 5,065
CATCHMARK TIMBER TR INC CL A 14912Y202 9,130 654,457 SH   SOLE   645,257 0 9,200
CATERPILLAR INC DEL COM 149123101 101,485 1,117,553 SH   SOLE   441,700 0 675,853
CHARTER FINL CORP MD COM 16122W108 5,803 538,835 SH   SOLE   531,265 0 7,570
CHEMICAL FINL CORP COM 163731102 19,747 623,537 SH   SOLE   444,291 0 179,246
CHEROKEE INC DEL NEW COM 16444H102 13,196 956,249 SH   SOLE   908,989 0 47,260
CHICOS FAS INC COM 168615102 37,508 1,990,864 SH   SOLE   1,474,729 0 516,135
CISCO SYS INC COM 17275R102 71,830 3,202,427 SH   SOLE   1,280,200 0 1,922,227
CIT GROUP INC COM NEW 125581801 11,213 215,092 SH   SOLE   215,092 0 0
CITIGROUP INC *W EXP 01/04/201 172967226 2,376 3,655,500 SH   SOLE   3,655,500 0 0
CITIGROUP INC COM NEW 172967424 8,103 155,492 SH   SOLE   155,492 0 0
CLIFTON SVGS BANCORP INC COM 18712Q103 8,568 669,399 SH   SOLE   660,529 0 8,870
COACH INC COM 189754104 77,990 1,389,450 SH   SOLE   599,785 0 789,665
COHU INC COM 192576106 28,782 2,741,104 SH   SOLE   2,330,990 0 410,114
COMMUNICATIONS SYS INC COM 203900105 4,001 359,158 SH   SOLE   354,098 0 5,060
COMSTOCK RES INC COM NEW 205768203 19,757 1,080,230 SH   SOLE   779,245 0 300,985
CONNECTICUT WTR SVC INC COM 207797101 9,617 270,827 SH   SOLE   267,597 0 3,230
CREDICORP LTD COM G2519Y108 2,836 21,370 SH   SOLE   21,370 0 0
CULLEN FROST BANKERS INC COM 229899109 46,920 630,396 SH   SOLE   253,295 0 377,101
CVB FINL CORP COM 126600105 20,030 1,173,407 SH   SOLE   852,357 0 321,050
CVR REFNG LP COMUNIT REP LT 12663P107 7,013 310,031 SH   SOLE   310,031 0 0
CYRUSONE INC COM 23283R100 8,785 393,434 SH   SOLE   387,884 0 5,550
DAKTRONICS INC COM 234264109 6,377 406,678 SH   SOLE   401,363 0 5,315
DANAOS CORPORATION SHS Y1968P105 22,084 4,506,949 SH   SOLE   4,506,949 0 0
DEAN FOODS CO NEW COM NEW 242370203 22,705 1,320,840 SH   SOLE   977,605 0 343,235
DECKERS OUTDOOR CORP COM 243537107 2,660 31,500 SH   SOLE   31,500 0 0
DEERE & CO COM 244199105 65,187 713,757 SH   SOLE   279,895 0 433,862
DELEK US HLDGS INC COM 246647101 43,342 1,259,569 SH   SOLE   920,036 0 339,533
DELPHI AUTOMOTIVE PLC SHS G27823106 5,424 90,200 SH   SOLE   90,200 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 11,345 235,170 SH   SOLE   218,480 0 16,690
DIANA CONTAINERSHIPS INC COM Y2069P101 1,307 322,816 SH   SOLE   322,816 0 0
DIEBOLD INC COM 253651103 39,060 1,183,279 SH   SOLE   874,294 0 308,985
DIME CMNTY BANCSHARES COM 253922108 19,417 1,147,589 SH   SOLE   998,064 0 149,525
DONEGAL GROUP INC CL A 257701201 11,602 729,685 SH   SOLE   721,130 0 8,555
DOUGLAS DYNAMICS INC COM 25960r105 7,479 444,622 SH   SOLE   438,342 0 6,280
DOW CHEM CO COM 260543103 47,426 1,068,143 SH   SOLE   423,100 0 645,043
DU PONT E I DE NEMOURS & CO COM 263534109 86,417 1,330,112 SH   SOLE   524,970 0 805,142
DYNEX CAP INC COM NEW 26817Q506 5,864 732,982 SH   SOLE   722,652 0 10,330
EAGLE BANCORP MONT INC COM 26942G100 1,749 159,748 SH   SOLE   157,508 0 2,240
EASTERN CO COM 276317104 4,070 255,660 SH   SOLE   252,875 0 2,785
ELECTRO SCIENTIFIC INDS COM 285229100 12,127 1,159,348 SH   SOLE   1,146,638 0 12,710
ELLINGTON FINANCIAL LLC COM 288522303 11,412 503,408 SH   SOLE   503,408 0 0
EMERALD OIL INC COM NEW 29101U209 595 77,700 SH   SOLE   77,700 0 0
EMERSON ELEC CO COM 291011104 48,300 688,229 SH   SOLE   272,790 0 415,439
ENERGEN CORP COM 29265n108 2,901 41,000 SH   SOLE   41,000 0 0
ENNIS INC COM 293389102 3,318 187,448 SH   SOLE   184,798 0 2,650
ESSA BANCORP INC COM 29667D104 5,459 472,254 SH   SOLE   465,574 0 6,680
ETHAN ALLEN INTERIORS INC COM 297602104 38,232 1,256,793 SH   SOLE   950,610 0 306,183
EXXON MOBIL CORP COM 30231g102 110,263 1,089,554 SH   SOLE   450,580 0 638,974
FBR & CO COM NEW 30247C400 6,708 254,287 SH   SOLE   254,287 0 0
FINISH LINE INC CL A 317923100 21,745 771,906 SH   SOLE   601,435 0 170,471
FIRST BANCORP INC ME COM 31866P102 3,978 228,349 SH   SOLE   225,129 0 3,220
FIRST FINL BANCORP OH COM 320209109 36,568 2,098,253 SH   SOLE   1,553,651 0 544,602
FLUSHING FINL CORP COM 343873105 5,188 250,640 SH   SOLE   247,110 0 3,530
FLY LEASING LTD SPONSORED ADR 34407D109 2,887 179,649 SH   SOLE   179,649 0 0
FOOT LOCKER INC COM 344849104 84,043 2,028,060 SH   SOLE   809,365 0 1,218,695
FORD MTR CO DEL COM PAR $0.01 345370860 23,145 1,500,000 SH   SOLE   597,100 0 902,900
FORTRESS INVESTMENT GROUP LL CL A 34958B106 11,855 1,384,890 SH   SOLE   1,384,890 0 0
FORWARD AIR CORP COM 349853101 26,590 605,558 SH   SOLE   448,118 0 157,440
FREEPORT-MCMORAN COPPER & GO COM 35671D857 95,298 2,525,110 SH   SOLE   989,400 0 1,535,710
FREIGHTCAR AMER INC COM 357023100 5,837 219,268 SH   SOLE   216,178 0 3,090
GENERAL CABLE CORP DEL NEW COM 369300108 18,458 627,600 SH   SOLE   450,580 0 177,020
GENERAL ELECTRIC CO COM 369604103 96,443 3,440,700 SH   SOLE   1,359,600 0 2,081,100
GENERAL MTRS CO *W EXP 07/10/201 37045V126 29,438 1,273,271 SH   SOLE   1,273,271 0 0
GLADSTONE LD CORP COM 376549101 10,277 634,407 SH   SOLE   627,397 0 7,010
GLOBAL CASH ACCESS HLDGS INC COM 378967103 1,836 183,750 SH   SOLE   183,750 0 0
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 12,457 636,535 SH   SOLE   600,940 0 35,595
GLOBAL SHIP LEASE INC NEW SHS A Y27183105 37,503 6,240,059 SH   SOLE   6,240,059 0 0
GRAMERCY PPTY TR INC COM 38489R100 4,122 716,917 SH   SOLE   716,917 0 0
GRANITE CONSTR INC COM 387328107 59,304 1,695,375 SH   SOLE   1,236,123 0 459,252
GREAT LAKES DREDGE & DOCK CO COM 390607109 17,808 1,935,605 SH   SOLE   1,913,465 0 22,140
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 295 2,370 SH   SOLE   2,370 0 0
GUESS INC COM 401617105 93,379 3,005,427 SH   SOLE   1,471,310 0 1,534,117
GULF ISLAND FABRICATION INC COM 402307102 13,290 572,352 SH   SOLE   565,902 0 6,450
HANCOCK HLDG CO COM 410120109 34,632 944,154 SH   SOLE   672,859 0 271,295
HARSCO CORP COM 415864107 51,660 1,843,009 SH   SOLE   731,177 0 1,111,832
HAWAIIAN ELEC INDUSTRIES COM 419870100 30,106 1,155,245 SH   SOLE   850,295 0 304,950
HAYNES INTERNATIONAL INC COM NEW 420877201 9,819 177,757 SH   SOLE   132,242 0 45,515
HERITAGE FINL CORP WASH COM 42722x106 6,984 408,411 SH   SOLE   402,631 0 5,780
HF FINL CORP COM 404172108 2,268 175,169 SH   SOLE   172,669 0 2,500
HOME FED BANCORP INC MD COM 43710G105 7,166 480,907 SH   SOLE   475,577 0 5,330
HOPFED BANCORP INC COM 439734104 3,392 297,826 SH   SOLE   293,656 0 4,170
HOUSTON WIRE & CABLE CO COM 44244K109 4,023 300,689 SH   SOLE   261,266 0 39,423
HOWARD HUGHES CORP COM 44267D107 13,960 116,240 SH   SOLE   116,240 0 0
HUDSON VALLEY HOLDING CORP COM 444172100 10,936 537,371 SH   SOLE   531,431 0 5,940
HUNTSMAN CORP COM 447011107 46,716 1,899,029 SH   SOLE   754,900 0 1,144,129
IBERIABANK CORP COM 450828108 30,944 492,343 SH   SOLE   364,243 0 128,100
ICICI BK LTD ADR 45104G104 3,617 97,320 SH   SOLE   83,230 0 14,090
INFINITY PPTY & CAS CORP COM 45665Q103 39,222 546,653 SH   SOLE   406,775 0 139,878
INGREDION INC COM 457187102 56,437 824,380 SH   SOLE   387,215 0 437,165
INTEL CORP COM 458140100 104,835 4,039,088 SH   SOLE   1,597,940 0 2,441,148
INTERNATIONAL BUSINESS MACHS COM 459200101 89,100 475,020 SH   SOLE   187,340 0 287,680
INTERNATIONAL GAME TECHNOLOG COM 459902102 4,587 252,590 SH   SOLE   252,590 0 0
INTERSIL CORP CL A 46069S109 30,945 2,697,702 SH   SOLE   1,989,307 0 708,395
INTL PAPER CO COM 460146103 51,325 1,046,800 SH   SOLE   416,300 0 630,500
ISHARES MSCI TAIWAN ETF 464286731 1,337 92,740 SH   SOLE   92,740 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 433 31,931 SH   SOLE   31,931 0 0
IXYS CORP COM 46600W106 10,115 780,488 SH   SOLE   771,788 0 8,700
JABIL CIRCUIT INC COM 466313103 49,981 2,865,900 SH   SOLE   1,131,600 0 1,734,300
JETBLUE AIRWAYS CORP COM 477143101 8,257 966,900 SH   SOLE   966,900 0 0
JGWPT HLDGS INC CL A 46617M109 856 49,200 SH   SOLE   49,200 0 0
JMP GROUP INC COM 46629U107 5,232 706,977 SH   SOLE   696,992 0 9,985
JOHNSON & JOHNSON COM 478160104 65,523 715,392 SH   SOLE   284,025 0 431,367
JONES GROUP INC COM 48020t101 24,436 1,633,414 SH   SOLE   1,172,899 0 460,515
JPMORGAN CHASE & CO COM 46625h100 97,048 1,659,514 SH   SOLE   717,598 0 941,916
KBR INC COM 48242W106 4,837 151,680 SH   SOLE   151,680 0 0
KELLOGG CO COM 487836108 50,435 825,862 SH   SOLE   328,350 0 497,512
KIMBERLY CLARK CORP COM 494368103 5,150 49,300 SH   SOLE   49,300 0 0
KINDER MORGAN INC DEL COM 49456B101 63,695 1,769,318 SH   SOLE   701,950 0 1,067,368
KNIGHT TRANSN INC COM 499064103 27,289 1,487,960 SH   SOLE   1,076,501 0 411,459
KOHLS CORP COM 500255104 68,795 1,212,241 SH   SOLE   488,505 0 723,736
KRONOS WORLDWIDE INC COM 50105F105 37,277 1,956,801 SH   SOLE   1,448,565 0 508,236
LACLEDE GROUP INC COM 505597104 9,198 201,970 SH   SOLE   143,890 0 58,080
LANDAUER INC COM 51476K103 16,159 307,140 SH   SOLE   303,405 0 3,735
LAS VEGAS SANDS CORP COM 517834107 8,414 106,681 SH   SOLE   106,681 0 0
LEAR CORP COM NEW 521865204 8,980 110,907 SH   SOLE   110,907 0 0
LIMONEIRA CO COM 532746104 2,039 76,665 SH   SOLE   76,665 0 0
LINEAR TECHNOLOGY CORP COM 535678106 69,040 1,515,696 SH   SOLE   607,515 0 908,181
LSI INDS INC COM 50216C108 7,195 829,843 SH   SOLE   818,148 0 11,695
M & T BK CORP COM 55261F104 47,267 406,007 SH   SOLE   161,300 0 244,707
M D C HLDGS INC COM 552676108 46,376 1,438,469 SH   SOLE   1,049,634 0 388,835
MACYS INC COM 55616P104 70,371 1,317,800 SH   SOLE   521,700 0 796,100
MAGNUM HUNTER RES CORP DEL COM 55973B102 632 86,500 SH   SOLE   86,500 0 0
MARATHON OIL CORP COM 565849106 81,368 2,305,036 SH   SOLE   916,580 0 1,388,456
MARATHON PETE CORP COM 56585A102 51,882 565,600 SH   SOLE   222,300 0 343,300
MARINE PRODS CORP COM 568427108 4,719 469,540 SH   SOLE   462,885 0 6,655
MAXIM INTEGRATED PRODS INC COM 57772K101 46,463 1,665,350 SH   SOLE   670,150 0 995,200
MBIA INC COM 55262C100 8,231 689,330 SH   SOLE   689,330 0 0
MCDONALDS CORP COM 580135101 47,170 486,140 SH   SOLE   191,990 0 294,150
MEDTRONIC INC COM 585055106 41,498 723,095 SH   SOLE   287,950 0 435,145
MERCK & CO INC NEW COM 58933y105 50,369 1,006,370 SH   SOLE   402,950 0 603,420
MERCURY GENL CORP NEW COM 589400100 26,684 536,796 SH   SOLE   216,626 0 320,170
METLIFE INC COM 59156R108 50,715 940,564 SH   SOLE   372,100 0 568,464
MGP INGREDIENTS INC NEW COM 55303J106 1,052 202,749 SH   SOLE   199,539 0 3,210
MICREL INC COM 594793101 58,810 5,958,412 SH   SOLE   4,615,168 0 1,343,244
MICROSOFT CORP COM 594918104 69,301 1,852,475 SH   SOLE   715,389 0 1,137,086
MIDDLEBURG FINANCIAL CORP COM 596094102 7,816 433,254 SH   SOLE   428,344 0 4,910
MIDDLESEX WATER CO COM 596680108 2,202 105,179 SH   SOLE   103,699 0 1,480
MILLER INDS INC TENN COM NEW 600551204 4,101 220,148 SH   SOLE   217,028 0 3,120
MKS INSTRUMENT INC COM 55306N104 35,899 1,199,843 SH   SOLE   888,398 0 311,445
MOLSON COORS BREWING CO CL B 60871R209 53,792 958,007 SH   SOLE   387,120 0 570,887
MORGAN STANLEY COM NEW 617446448 64,885 2,069,039 SH   SOLE   819,750 0 1,249,289
MOSAIC CO NEW COM 61945C103 52,477 1,110,151 SH   SOLE   441,650 0 668,501
MULTI COLOR CORP COM 625383104 5,609 148,633 SH   SOLE   146,963 0 1,670
MURPHY OIL CORP COM 626717102 61,015 940,421 SH   SOLE   379,810 0 560,611
NATIONAL BK HLDGS CORP CL A 633707104 22,247 1,039,595 SH   SOLE   765,455 0 274,140
NATIONAL FUEL GAS CO N J COM 636180101 43,367 607,384 SH   SOLE   243,570 0 363,814
NATIONAL PENN BANCSHARES INC COM 637138108 15,314 1,351,610 SH   SOLE   990,005 0 361,605
NATIONSTAR MTG HLDGS INC COM 63861C109 1,453 39,300 SH   SOLE   39,300 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 43,792 6,555,618 SH   SOLE   5,143,584 0 1,412,034
NEWCASTLE INVT CORP COM 65105M108 16,836 2,933,160 SH   SOLE   2,933,160 0 0
NEXTERA ENERGY INC COM 65339F101 47,336 552,856 SH   SOLE   219,750 0 333,106
NORTHEAST CMNTY BANCORP INC COM 664112109 2,236 309,722 SH   SOLE   305,342 0 4,380
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 14,121 574,035 SH   SOLE   574,035 0 0
NORTHERN TR CORP COM 665859104 75,971 1,227,523 SH   SOLE   490,040 0 737,483
NORTHFIELD BANCORP INC DEL COM 66611T108 9,936 752,726 SH   SOLE   536,586 0 216,140
NORTHSTAR RLTY FIN CORP COM 66704R100 11,823 879,032 SH   SOLE   879,032 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 7,519 508,710 SH   SOLE   374,240 0 134,470
NORTHWEST NAT GAS CO COM 667655104 27,634 645,356 SH   SOLE   473,836 0 171,520
NUCOR CORP COM 670346105 65,963 1,235,730 SH   SOLE   489,480 0 746,250
NUTRI SYS INC NEW COM 67069D108 1,931 117,446 SH   SOLE   115,786 0 1,660
OCCIDENTAL PETE CORP DEL COM 674599105 97,148 1,021,537 SH   SOLE   404,040 0 617,497
OLD NATL BANCORP IND COM 680033107 17,299 1,125,522 SH   SOLE   827,862 0 297,660
ORITANI FINL CORP DEL COM 68633D103 8,901 554,552 SH   SOLE   397,795 0 156,757
PACIFIC CONTINENTAL CORP COM 69412V108 8,645 542,346 SH   SOLE   534,706 0 7,640
PANHANDLE OIL AND GAS INC CL A 698477106 3,706 110,929 SH   SOLE   109,364 0 1,565
PARK ELECTROCHEMICAL CORP COM 700416209 1,844 64,212 SH   SOLE   63,302 0 910
PENN WEST PETE LTD NEW COM 707887105 29,623 3,543,457 SH   SOLE   1,441,780 0 2,101,677
PEOPLES FINL CORP MISS COM 71103B102 4,658 356,903 SH   SOLE   351,832 0 5,071
PEOPLES UNITED FINANCIAL INC COM 712704105 30,642 2,026,597 SH   SOLE   828,710 0 1,197,887
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 336 22,850 SH   SOLE   22,850 0 0
PG&E CORP COM 69331C108 47,124 1,169,913 SH   SOLE   461,320 0 708,593
PHILIP MORRIS INTL INC COM 718172109 66,982 768,756 SH   SOLE   321,186 0 447,570
PIEDMONT NAT GAS INC COM 720186105 10,501 316,670 SH   SOLE   225,510 0 91,160
PINNACLE FOODS INC DEL COM 72348P104 5,263 191,653 SH   SOLE   191,653 0 0
PLUM CREEK TIMBER CO INC COM 729251108 51,323 1,103,490 SH   SOLE   449,990 0 653,500
PLY GEM HLDGS INC COM 72941W100 2,604 144,400 SH   SOLE   144,400 0 0
PNC FINL SVCS GROUP INC COM 693475105 53,394 688,246 SH   SOLE   310,263 0 377,983
PORTLAND GEN ELEC CO COM NEW 736508847 34,274 1,134,902 SH   SOLE   839,907 0 294,995
PRECISION DRILLING CORP COM 2010 74022D308 55,445 5,917,323 SH   SOLE   2,955,632 0 2,961,691
PRUDENTIAL FINL INC COM 744320102 88,929 964,315 SH   SOLE   383,050 0 581,265
PSYCHEMEDICS CORP COM NEW 744375205 4,495 306,009 SH   SOLE   301,694 0 4,315
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 3,570 303,608 SH   SOLE   299,328 0 4,280
QUALCOMM INC COM 747525103 92,421 1,244,723 SH   SOLE   492,810 0 751,913
QUALITY SYS INC COM 747582104 21,768 1,033,630 SH   SOLE   766,015 0 267,615
QUANEX BUILDING PRODUCTS COR COM 747619104 36,985 1,856,692 SH   SOLE   1,430,997 0 425,695
RAIT FINANCIAL TRUST COM NEW 749227609 10,712 1,194,180 SH   SOLE   1,194,180 0 0
REGAL BELOIT CORP COM 758750103 37,873 513,740 SH   SOLE   373,045 0 140,695
REGIS CORP MINN COM 758932107 14,086 970,780 SH   SOLE   710,199 0 260,581
RESOURCES CONNECTION INC COM 76122q105 38,772 2,705,660 SH   SOLE   2,126,471 0 579,189
REXFORD INDL RLTY INC COM 76169C100 7,542 571,345 SH   SOLE   563,285 0 8,060
RICKS CABARET INTL INC COM NEW 765641303 683 58,994 SH   SOLE   58,994 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 43,635 1,902,955 SH   SOLE   1,400,562 0 502,393
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 37,674 528,606 SH   SOLE   175,100 0 353,506
SCHAWK INC CL A 806373106 7,181 482,901 SH   SOLE   476,106 0 6,795
SEARS HOMETOWN & OUTLET STOR COM 812362101 2,104 82,529 SH   SOLE   82,529 0 0
SI FINL GROUP INC MD COM 78425V104 7,578 628,870 SH   SOLE   619,980 0 8,890
SIERRA BANCORP COM 82620P102 5,247 326,127 SH   SOLE   322,487 0 3,640
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 8,688 233,872 SH   SOLE   230,577 0 3,295
SIMPLICITY BANCORP COM 828867101 4,896 302,961 SH   SOLE   298,691 0 4,270
SIMPSON MANUFACTURING CO INC COM 829073105 31,904 868,618 SH   SOLE   642,746 0 225,872
SONY CORP ADR NEW 835699307 2,896 167,500 SH   SOLE   167,500 0 0
SPARTAN MTRS INC COM 846819100 3,160 471,582 SH   SOLE   464,937 0 6,645
SPARTAN STORES INC COM 846822104 7,781 320,459 SH   SOLE   315,919 0 4,540
STAGE STORES INC COM NEW 85254C305 30,680 1,380,720 SH   SOLE   1,119,330 0 261,390
STANDARD PAC CORP NEW COM 85375C101 8,339 921,489 SH   SOLE   921,489 0 0
STATOIL ASA SPONSORED ADR 85771P102 63,704 2,640,029 SH   SOLE   1,125,650 0 1,514,379
STERIS CORP COM 859152100 21,231 441,854 SH   SOLE   327,305 0 114,549
STERLING BANCORP DEL COM 85917A100 6,910 516,814 SH   SOLE   509,524 0 7,290
STONECASTLE FINL CORP COM 861780104 416 16,950 SH   SOLE   16,720 0 230
SUMMIT HOTEL PPTYS COM 866082100 17,329 1,925,486 SH   SOLE   1,371,626 0 553,860
SUNTRUST BKS INC COM 867914103 64,543 1,753,397 SH   SOLE   693,318 0 1,060,079
SUPERIOR ENERGY SVCS INC COM 868157108 239 9,000 SH   SOLE   9,000 0 0
SUSQUEHANNA BANCSHARES INC P COM 869099101 29,618 2,306,673 SH   SOLE   1,682,090 0 624,583
SYNERGY RES CORP COM 87164P103 679 73,305 SH   SOLE   73,305 0 0
SYNOVUS FINL CORP COM 87161C105 9,384 2,606,700 SH   SOLE   2,606,700 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 638 36,560 SH   SOLE   36,560 0 0
TECHNE CORP COM 878377100 12,274 129,650 SH   SOLE   92,333 0 37,317
TENARIS S A SPONSORED ADR 88031M109 401 9,180 SH   SOLE   9,180 0 0
TESSERA TECHNOLOGIES INC COM 88164L100 43,181 2,190,823 SH   SOLE   1,615,450 0 575,373
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 44,034 1,098,651 SH   SOLE   527,915 0 570,736
TGC INDS INC COM NEW 872417308 11,659 1,597,086 SH   SOLE   1,579,380 0 17,706
TIDEWATER INC COM 886423102 97,439 1,643,991 SH   SOLE   784,545 0 859,446
TOTAL S A SPONSORED ADR 89151E109 39,631 646,821 SH   SOLE   261,329 0 385,492
TRANSOCEAN LTD REG SHS h8817h100 70,664 1,429,862 SH   SOLE   625,870 0 803,992
TRAVELCENTERS OF AMERICA LLC COM 894174101 6,587 676,317 SH   SOLE   676,317 0 0
TRICO BANCSHARES COM 896095106 4,944 174,252 SH   SOLE   171,787 0 2,465
TRONOX LTD SHS CL A Q9235V101 34,806 1,508,701 SH   SOLE   1,144,661 0 364,040
TSAKOS ENERGY NAVIGATION LTD SHS G9108L108 15,891 2,644,092 SH   SOLE   2,137,547 0 506,545
UIL HLDG CORP COM 902748102 36,709 947,317 SH   SOLE   690,617 0 256,700
UMB FINL CORP COM 902788108 15,677 243,886 SH   SOLE   179,727 0 64,159
UNION PAC CORP COM 907818108 49,879 296,900 SH   SOLE   117,600 0 179,300
UNITED CMNTY BANCORP IND COM 90984R101 4,373 407,147 SH   SOLE   401,407 0 5,740
UNITED FINANCIAL BANCORP INC COM 91030T109 11,243 595,194 SH   SOLE   587,964 0 7,230
UNITIL CORP COM 913259107 11,651 382,132 SH   SOLE   377,702 0 4,430
UNIVERSAL CORP VA COM 913456109 32,542 596,001 SH   SOLE   411,561 0 184,440
US BANCORP DEL COM NEW 902973304 48,809 1,208,147 SH   SOLE   473,360 0 734,787
VALLEY NATL BANCORP COM 919794107 24,368 2,407,952 SH   SOLE   965,156 0 1,442,796
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 1,206 30,690 SH   SOLE   30,690 0 0
WAL-MART STORES INC COM 931142103 88,103 1,119,620 SH   SOLE   445,520 0 674,100
WASHINGTON FED INC COM 938824109 16,517 709,190 SH   SOLE   520,817 0 188,373
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 10,306 441,164 SH   SOLE   325,203 0 115,961
WAUSAU PAPER CORP COM 943315101 10,615 837,116 SH   SOLE   825,306 0 11,810
WESTAMERICA BANCORPORATION COM 957090103 32,213 570,537 SH   SOLE   422,624 0 147,913
WESTERN REFNG INC COM 959319104 22,901 539,985 SH   SOLE   400,815 0 139,170
WEYCO GROUP INC COM 962149100 5,200 176,681 SH   SOLE   174,201 0 2,480
YORK WTR CO COM 987184108 1,811 86,529 SH   SOLE   85,319 0 1,210
YRC WORLDWIDE INC COM PAR $.01 984249607 8,110 466,904 SH   SOLE   466,904 0 0