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
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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
AETNA Inc. COM 00817y108 844 5,307 SH   SOLE   5,307 0 0
AFLAC Inc. COM 001055102 7,018 86,230 SH   SOLE   86,230 0 0
AGCO Corp COM 001084102 391 5,305 SH   SOLE   5,305 0 0
AT & T, Inc. New COM 00206r102 1,181 30,156 SH   SOLE   30,156 0 0
AbbVie, Inc. COM 00287y109 2,024 22,775 SH   SOLE   22,775 0 0
Abbott Laboratories COM 002824100 5,772 108,165 SH   SOLE   108,165 0 0
Alaska Air Group Inc. COM 011659109 333 4,370 SH   SOLE   4,370 0 0
Alliance One International COM 018772301 217 19,891 SH   SOLE   19,891 0 0
Alphabet, Inc Non-Voting Class COM 02076k107 206 215 SH   SOLE   215 0 0
Alphabet, Inc Voting Class COM 02076k305 573 588 SH   SOLE   588 0 0
Altria Group Inc. COM 02209s103 9,304 146,704 SH   SOLE   146,704 0 0
American Express Co. COM 025816109 719 7,943 SH   SOLE   7,943 0 0
American International Group COM 026874784 4,934 80,373 SH   SOLE   80,373 0 0
Ameriprise Financial Inc. COM 03076c106 371 2,498 SH   SOLE   2,498 0 0
Amgen Inc. COM 031162100 615 3,300 SH   SOLE   3,300 0 0
Andersons Inc. COM 034164103 202 5,890 SH   SOLE   5,890 0 0
Anthem, Inc. COM 036752103 9,555 50,319 SH   SOLE   50,319 0 0
Apache Corp COM 037411105 342 7,465 SH   SOLE   7,465 0 0
Apple Computer Inc. COM 037833100 1,195 7,755 SH   SOLE   7,755 0 0
Automatic Data Processing COM 053015103 1,121 10,252 SH   SOLE   10,252 0 0
Bank of America Corp COM 060505104 9,106 359,347 SH   SOLE   359,347 0 0
Bank of New York Mellon Corp COM 064058100 15,497 292,279 SH   SOLE   292,279 0 0
Becton Dickinson & Co COM 075887109 4,943 25,225 SH   SOLE   25,225 0 0
Berkshire Hathaway Inc. Class COM 084670108 275 1 SH   SOLE   1 0 0
Berkshire Hathaway Inc. Class COM 084670702 4,217 23,005 SH   SOLE   23,005 0 0
Biogen Inc. COM 09062x103 8,813 28,145 SH   SOLE   28,145 0 0
Biovertativ Inv. COM 09075e100 1,379 24,167 SH   SOLE   24,167 0 0
Boeing Company COM 097023105 3,171 12,472 SH   SOLE   12,472 0 0
Bristol Myers Squibb Co. COM 110122108 407 6,393 SH   SOLE   6,393 0 0
CDK Global, Inc. COM 12508e101 268 4,240 SH   SOLE   4,240 0 0
CVS Health Corp. COM 126650100 5,660 69,599 SH   SOLE   69,599 0 0
Celanese Corp COM 150870103 3,162 30,325 SH   SOLE   30,325 0 0
Central Pacific Financial Co COM 154760409 3,347 103,997 SH   SOLE   103,997 0 0
CenturyLink Inc. COM 156700106 1,089 57,600 SH   SOLE   57,600 0 0
Cerner Corporation COM 156782104 6,858 96,155 SH   SOLE   96,155 0 0
Chevron Corp. COM 166764100 3,074 26,161 SH   SOLE   26,161 0 0
Cisco Sys Inc. COM 17275R102 2,503 74,423 SH   SOLE   74,423 0 0
Citigroup Inc. COM 172967424 5,762 79,220 SH   SOLE   79,220 0 0
Coach Inc. COM 189754104 622 15,445 SH   SOLE   15,445 0 0
Coca-Cola Company COM 191216100 6,003 133,375 SH   SOLE   133,375 0 0
Cognizant Technology Solutions COM 192446102 2,722 37,523 SH   SOLE   37,523 0 0
Comcast Corp Cl A COM 20030n101 4,254 110,558 SH   SOLE   110,558 0 0
ConAgra Foods Inc. COM 205887102 2,454 72,740 SH   SOLE   72,740 0 0
ConocoPhillips COM 20825c104 1,690 33,775 SH   SOLE   33,775 0 0
Corning Inc COM 219350105 6,775 226,451 SH   SOLE   226,451 0 0
Costco Wholesale Corp COM 22160k105 1,688 10,275 SH   SOLE   10,275 0 0
Delta Airlines - New COM 247361702 659 13,670 SH   SOLE   13,670 0 0
Discovery Communications Serie COM 25470f104 4,488 210,815 SH   SOLE   210,815 0 0
DowDuPont Inc. COM 26078j100 12,129 175,198 SH   SOLE   175,198 0 0
Dr. Pepper Snapple Group COM 26138e109 5,988 67,687 SH   SOLE   67,687 0 0
Dunkin Brands Group, Inc. COM 265504100 260 4,900 SH   SOLE   4,900 0 0
Express Scripts Inc. COM 30219g108 5,354 84,557 SH   SOLE   84,557 0 0
Exxon Mobil Corp COM 30231G102 1,231 15,018 SH   SOLE   15,018 0 0
Franklin Resources Inc. COM 354613101 6,473 145,423 SH   SOLE   145,423 0 0
General Electric Co. COM 369604103 426 17,618 SH   SOLE   17,618 0 0
General Mills COM 370334104 353 6,816 SH   SOLE   6,816 0 0
General Motors Company COM 37045v100 1,420 35,167 SH   SOLE   35,167 0 0
Gilead Sciences Inc. COM 375558103 659 8,130 SH   SOLE   8,130 0 0
Granite Construction Inc. COM 387328107 214 3,700 SH   SOLE   3,700 0 0
H & R Block Inc. COM 093671105 3,256 122,952 SH   SOLE   122,952 0 0
HP Inc. COM 40434L105 295 14,776 SH   SOLE   14,776 0 0
Hewlett Packard Enterprise Co. COM 42824c109 225 15,321 SH   SOLE   15,321 0 0
Home Depot Inc. COM 437076102 4,591 28,071 SH   SOLE   28,071 0 0
Ideal Power, Inc. COM 451622104 37 14,383 SH   SOLE   14,383 0 0
Intel Corp. COM 458140101 1,169 30,707 SH   SOLE   30,707 0 0
Interpublic Group COM 460690100 333 16,038 SH   SOLE   16,038 0 0
IsoRay, Inc. COM 46489v104 7 14,218 SH   SOLE   14,218 0 0
J.M. Smucker Co. COM 832696405 1,338 12,750 SH   SOLE   12,750 0 0
Johnson & Johnson COM 478160104 13,372 102,851 SH   SOLE   102,851 0 0
Kelly Services,Inc. COM 488152208 676 26,928 SH   SOLE   26,928 0 0
Kroger Co. COM 501044101 8,057 401,663 SH   SOLE   401,663 0 0
Laboratory Corp. of America COM 50540r409 268 1,775 SH   SOLE   1,775 0 0
Lamb Weston Holdings COM 513272104 1,629 34,747 SH   SOLE   34,747 0 0
Legg Mason Inc. COM 524901105 886 22,545 SH   SOLE   22,545 0 0
Lincoln Educational COM 533535100 580 231,857 SH   SOLE   231,857 0 0
Lowes Companies COM 548661107 2,923 36,570 SH   SOLE   36,570 0 0
Manitex Intl COM 563420108 1,808 201,381 SH   SOLE   201,381 0 0
ManpowerGroup Inc. COM 56418h100 630 5,350 SH   SOLE   5,350 0 0
Marsh & McLennan Co. COM 571748102 3,469 41,387 SH   SOLE   41,387 0 0
Mastercard Inc. COM 57636q104 8,509 60,260 SH   SOLE   60,260 0 0
McDonalds Corp COM 580135101 2,261 14,430 SH   SOLE   14,430 0 0
Merck & Co.Inc. New COM 58933y105 9,838 153,653 SH   SOLE   153,653 0 0
Microsoft Corp. COM 594918104 12,352 165,824 SH   SOLE   165,824 0 0
Molson Coors Brewing Co COM 60871r209 8,321 101,924 SH   SOLE   101,924 0 0
Mondelez International, Inc. COM 609207105 1,673 41,144 SH   SOLE   41,144 0 0
Monsanto Co. COM 61166w101 753 6,285 SH   SOLE   6,285 0 0
Monster Beverage Corp. COM 611740101 1,950 35,300 SH   SOLE   35,300 0 0
Nike Inc Class B COM 654106103 1,053 20,300 SH   SOLE   20,300 0 0
Oracle Corp COM 68389X105 5,722 118,337 SH   SOLE   118,337 0 0
Paychex Inc. COM 704326107 2,775 46,285 SH   SOLE   46,285 0 0
Pepsico Inc. COM 713448108 13,813 123,964 SH   SOLE   123,964 0 0
Pfizer Inc. COM 717081103 2,894 81,068 SH   SOLE   81,068 0 0
Philip Morris International COM 718172109 22,452 202,248 SH   SOLE   202,248 0 0
Phillips 66 COM 718546104 1,587 17,318 SH   SOLE   17,318 0 0
Procter & Gamble Co. COM 742718109 4,067 44,703 SH   SOLE   44,703 0 0
Quest Diagnostics Inc. COM 74834l100 3,989 42,595 SH   SOLE   42,595 0 0
Raytheon Company COM 755111507 2,519 13,500 SH   SOLE   13,500 0 0
Starbucks Corp COM 855244109 588 10,954 SH   SOLE   10,954 0 0
The Kraft Heinz Company COM 500754106 1,035 13,350 SH   SOLE   13,350 0 0
The Mosaic Company COM 61945c103 1,890 87,531 SH   SOLE   87,531 0 0
The Travelers Companies Inc. COM 89417e109 8,810 71,906 SH   SOLE   71,906 0 0
Twenty-First Century Fox Cl A COM 90130a101 2,023 76,676 SH   SOLE   76,676 0 0
US Bancorp Delaware New COM 902973304 625 11,660 SH   SOLE   11,660 0 0
Union Pacific Corp COM 907818108 1,326 11,434 SH   SOLE   11,434 0 0
United Parcel Service Inc. COM 911312106 1,596 13,293 SH   SOLE   13,293 0 0
UnitedHealth Group Inc. COM 91324p102 20,222 103,254 SH   SOLE   103,254 0 0
Unum Group COM 91529y106 4,000 78,239 SH   SOLE   78,239 0 0
Valero Energy Corp. COM 91913y100 5,203 67,631 SH   SOLE   67,631 0 0
Verizon Communications COM 92343V104 2,254 45,539 SH   SOLE   45,539 0 0
Viacom Inc. Class B COM 92553p201 782 28,095 SH   SOLE   28,095 0 0
Visa, Inc. COM 92826c839 4,655 44,228 SH   SOLE   44,228 0 0
Vitamin Shoppe, Inc. COM 92849E101 179 33,470 SH   SOLE   33,470 0 0
Waddell & Reed Financial COM 930059100 630 31,383 SH   SOLE   31,383 0 0
Wal Mart Stores COM 931142103 4,889 62,567 SH   SOLE   62,567 0 0
Walt Disney Holding Co. COM 254687106 940 9,532 SH   SOLE   9,532 0 0
Washington Federal COM 938824109 799 23,739 SH   SOLE   23,739 0 0
Waste Management Inc. Del COM 94106L109 390 4,980 SH   SOLE   4,980 0 0
Weight Watchers Intl. Inc. COM 948626106 1,097 25,190 SH   SOLE   25,190 0 0
Wells Fargo & Co. COM 949974610 1,465 26,560 SH   SOLE   26,560 0 0
Western Union Company COM 959802109 1,660 86,477 SH   SOLE   86,477 0 0
Weyerhaeuser Co. COM 962166104 388 11,412 SH   SOLE   11,412 0 0
Willbros Group, Inc COM 969203108 38 11,655 SH   SOLE   11,655 0 0
Yum! Brands, Inc. COM 988498101 982 13,337 SH   SOLE   13,337 0 0
Zimmer Biomet Holdings COM 98956p102 10,133 86,544 SH   SOLE   86,544 0 0
AON Plc FOR G0408V102 206 1,412 SH   SOLE   1,412 0 0
Alkermes PLC FOR g01767105 1,355 26,651 SH   SOLE   26,651 0 0
Allegion PLC FOR 0176j1097 325 3,753 SH   SOLE   3,753 0 0
Allergan PLC FOR g0177j108 1,741 8,495 SH   SOLE   8,495 0 0
America Movil ADR FOR 02364W105 7,472 420,969 SH   SOLE   420,969 0 0
Arcos Dorados Hldgs. FOR g0457f107 1,315 130,882 SH   SOLE   130,882 0 0
BP p.l.c. FOR 055622104 8,341 217,036 SH   SOLE   217,036 0 0
Becle SAB DE CV ORD FOR p0929y106 21 12,500 SH   SOLE   12,500 0 0
British American Tobacco FOR 110448107 2,599 41,615 SH   SOLE   41,615 0 0
Colliers International Group FOR 194693107 356 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108 3,393 214,718 SH   SOLE   214,718 0 0
Diageo PLC ADR FOR 25243q205 2,395 18,124 SH   SOLE   18,124 0 0
Enbridge Inc. FOR 29250n105 247 5,902 SH   SOLE   5,902 0 0
FirstService Corp Voting Share FOR 33767e103 471 7,160 SH   SOLE   7,160 0 0
Glaxo SmithKline PLC FOR 37733W105 3,507 86,372 SH   SOLE   86,372 0 0
Ingersoll Rand Co FOR g47791101 963 10,800 SH   SOLE   10,800 0 0
LyondellBasell Industries N.V. FOR n53745100 7,277 73,471 SH   SOLE   73,471 0 0
Medtronic PLC FOR g5960l103 11,529 148,248 SH   SOLE   148,248 0 0
Nokia Corp Sponsored ADR FOR 654902204 78 13,117 SH   SOLE   13,117 0 0
Royal Dutch Shell PLC FOR 780259206 1,136 18,753 SH   SOLE   18,753 0 0
SK Telecom ADR FOR 78440p108 234 9,533 SH   SOLE   9,533 0 0
Shire PLC FOR 82481r106 261 1,705 SH   SOLE   1,705 0 0
Taiwan Semiconductor Manufactu FOR 874039100 206 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208 4,743 439,531 SH   SOLE   439,531 0 0
Textainer Group Holdings Limit FOR g8766e109 1,593 92,900 SH   SOLE   92,900 0 0
Toyota Motor Corp ADR FOR 892331307 214 1,795 SH   SOLE   1,795 0 0
Unilever NV New York Shs FOR 904784709 6,921 117,228 SH   SOLE   117,228 0 0
Yum China Holdings, Inc. FOR 98850p109 537 13,437 SH   SOLE   13,437 0 0