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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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 1,237 6,743 SH   SOLE   6,743 0 0
AFLAC Inc. COM 001055102 5,679 132,010 SH   SOLE   132,010 0 0
AGCO Corp COM 001084102 284 4,680 SH   SOLE   4,680 0 0
AT & T, Inc. New COM 00206r102 1,135 35,362 SH   SOLE   35,362 0 0
AbbVie, Inc. COM 00287y109 2,092 22,575 SH   SOLE   22,575 0 0
Abbott Laboratories COM 002824100 6,212 101,856 SH   SOLE   101,856 0 0
Adobe Systems Inc COM 00724F101 233 957 SH   SOLE   957 0 0
Alaska Air Group Inc. COM 011659109 756 12,515 SH   SOLE   12,515 0 0
Alliance One International COM 018772301 258 16,260 SH   SOLE   16,260 0 0
Alphabet, Inc Non-Voting Class COM 02079k107 251 225 SH   SOLE   225 0 0
Alphabet, Inc Voting Class COM 02079k305 2,973 2,633 SH   SOLE   2,633 0 0
Altria Group Inc. COM 02209s103 8,522 150,054 SH   SOLE   150,054 0 0
Amazon.com,Inc. COM 023135106 206 121 SH   SOLE   121 0 0
American Express Co. COM 025816109 921 9,393 SH   SOLE   9,393 0 0
American International Group COM 026874784 5,635 106,274 SH   SOLE   106,274 0 0
Ameriprise Financial Inc. COM 03076c106 394 2,818 SH   SOLE   2,818 0 0
Amgen Inc. COM 031162100 1,131 6,128 SH   SOLE   6,128 0 0
Anthem, Inc. COM 036752103 11,841 49,746 SH   SOLE   49,746 0 0
Apache Corp COM 037411105 328 7,015 SH   SOLE   7,015 0 0
Apple, Inc. COM 037833100 1,430 7,725 SH   SOLE   7,725 0 0
Automatic Data Processing COM 053015103 1,358 10,122 SH   SOLE   10,122 0 0
Bank of America Corp COM 060505104 9,517 337,594 SH   SOLE   337,594 0 0
Bank of New York Mellon Corp COM 064058100 14,772 273,904 SH   SOLE   273,904 0 0
Becton Dickinson & Co COM 075887109 5,767 24,075 SH   SOLE   24,075 0 0
Berkshire Hathaway Inc. Class COM 084670108 282 1 SH   SOLE   1 0 0
Berkshire Hathaway Inc. Class COM 084670702 4,583 24,555 SH   SOLE   24,555 0 0
Biogen Inc. COM 09062x103 8,172 28,157 SH   SOLE   28,157 0 0
Boeing Company COM 097023105 4,210 12,549 SH   SOLE   12,549 0 0
Bristol Myers Squibb Co. COM 110122108 402 7,269 SH   SOLE   7,269 0 0
CDK Global, Inc. COM 12508e101 275 4,224 SH   SOLE   4,224 0 0
CVS Health Corp. COM 126650100 4,472 69,499 SH   SOLE   69,499 0 0
Celanese Corp COM 150870103 3,347 30,135 SH   SOLE   30,135 0 0
Central Pacific Financial Co COM 154760409 2,918 101,847 SH   SOLE   101,847 0 0
CenturyLink Inc. COM 156700106 988 53,000 SH   SOLE   53,000 0 0
Cerner Corporation COM 156782104 5,598 93,630 SH   SOLE   93,630 0 0
Chevron Corp. COM 166764100 3,269 25,859 SH   SOLE   25,859 0 0
Cisco Sys Inc. COM 17275R102 1,817 42,216 SH   SOLE   42,216 0 0
Citigroup Inc. COM 172967424 5,286 78,995 SH   SOLE   78,995 0 0
Coca-Cola Company COM 191216100 5,539 126,279 SH   SOLE   126,279 0 0
Cognizant Technology Solutions COM 192446102 3,025 38,298 SH   SOLE   38,298 0 0
Comcast Corp Cl A COM 20030n101 3,681 112,188 SH   SOLE   112,188 0 0
Compass Minerals Intl. COM 20451n101 300 4,565 SH   SOLE   4,565 0 0
ConAgra Foods Inc. COM 205887102 1,221 34,175 SH   SOLE   34,175 0 0
ConocoPhillips COM 20825c104 2,173 31,210 SH   SOLE   31,210 0 0
Corning Inc COM 219350105 6,161 223,951 SH   SOLE   223,951 0 0
Costco Wholesale Corp COM 22160k105 2,043 9,777 SH   SOLE   9,777 0 0
DR Horton, Inc COM 23331a109 1,062 25,900 SH   SOLE   25,900 0 0
Delta Airlines - New COM 247361702 677 13,670 SH   SOLE   13,670 0 0
Discovery Communications Serie COM 25470f104 5,798 210,849 SH   SOLE   210,849 0 0
Discovery Communications Serie COM 25470F302 216 8,472 SH   SOLE   8,472 0 0
DowDuPont Inc. COM 26078j100 11,399 172,918 SH   SOLE   172,918 0 0
Dr. Pepper Snapple Group COM 26138e109 3,061 25,088 SH   SOLE   25,088 0 0
Dunkin Brands Group, Inc. COM 265504100 304 4,400 SH   SOLE   4,400 0 0
Express Scripts Holding Co. COM 30219g108 6,543 84,740 SH   SOLE   84,740 0 0
Exxon Mobil Corp COM 30231G102 1,154 13,945 SH   SOLE   13,945 0 0
Facebook, Inc. COM 30303m102 318 1,635 SH   SOLE   1,635 0 0
Fedex Corp COM 31428X106 2,473 10,890 SH   SOLE   10,890 0 0
Franklin Resources Inc. COM 354613101 4,520 141,023 SH   SOLE   141,023 0 0
GAMCO Investors Inc. COM 361438104 268 10,000 SH   SOLE   10,000 0 0
General Electric Co. COM 369604103 301 22,104 SH   SOLE   22,104 0 0
General Mills COM 370334104 288 6,496 SH   SOLE   6,496 0 0
General Motors Company COM 37045v100 1,369 34,749 SH   SOLE   34,749 0 0
Gilead Sciences Inc. COM 375558103 600 8,475 SH   SOLE   8,475 0 0
Granite Construction Inc. COM 387328107 206 3,700 SH   SOLE   3,700 0 0
H & R Block Inc. COM 093671105 2,843 124,802 SH   SOLE   124,802 0 0
HP Inc. COM 40434L105 331 14,595 SH   SOLE   14,595 0 0
Hewlett Packard Enterprise Co. COM 42824c109 219 14,965 SH   SOLE   14,965 0 0
Home Depot Inc. COM 437076102 5,414 27,751 SH   SOLE   27,751 0 0
Intel Corp. COM 458140100 1,502 30,219 SH   SOLE   30,219 0 0
Interpublic Group COM 460690100 247 10,538 SH   SOLE   10,538 0 0
IsoRay, Inc. COM 46489v104 6 14,218 SH   SOLE   14,218 0 0
J.M. Smucker Co. COM 832696405 1,360 12,658 SH   SOLE   12,658 0 0
Johnson & Johnson COM 478160104 12,056 99,360 SH   SOLE   99,360 0 0
Kroger Co. COM 501044101 11,318 397,813 SH   SOLE   397,813 0 0
Laboratory Corp. of America COM 50540r409 283 1,575 SH   SOLE   1,575 0 0
Lamb Weston Holdings COM 513272104 2,351 34,314 SH   SOLE   34,314 0 0
Legg Mason Inc. COM 524901105 535 15,395 SH   SOLE   15,395 0 0
Lincoln Educational COM 533535100 379 217,653 SH   SOLE   217,653 0 0
Lloyds TSB Group COM 539439109 143 43,000 SH   SOLE   43,000 0 0
Lowes Companies COM 548661107 3,481 36,420 SH   SOLE   36,420 0 0
Manitex Intl COM 563420108 2,498 200,181 SH   SOLE   200,181 0 0
ManpowerGroup Inc. COM 56418h100 460 5,350 SH   SOLE   5,350 0 0
Marsh & McLennan Co. COM 571748102 3,192 38,937 SH   SOLE   38,937 0 0
Mastercard Inc. COM 57636q104 11,318 57,590 SH   SOLE   57,590 0 0
McDonalds Corp COM 580135101 2,151 13,730 SH   SOLE   13,730 0 0
Merck & Co.Inc. New COM 58933y105 9,319 153,531 SH   SOLE   153,531 0 0
Microsoft Corp. COM 594918104 15,683 159,045 SH   SOLE   159,045 0 0
Molson Coors Brewing Co COM 60871r209 7,363 108,214 SH   SOLE   108,214 0 0
Mondelez International, Inc. COM 609207105 1,673 40,795 SH   SOLE   40,795 0 0
Monster Beverage Corp. COM 61174x109 2,023 35,300 SH   SOLE   35,300 0 0
Nike Inc Class B COM 654106103 1,299 16,300 SH   SOLE   16,300 0 0
Oracle Corp COM 68389X105 5,190 117,787 SH   SOLE   117,787 0 0
Paychex Inc. COM 704326107 3,123 45,685 SH   SOLE   45,685 0 0
Pepsico Inc. COM 713448108 12,759 117,199 SH   SOLE   117,199 0 0
Pfizer Inc. COM 717081103 2,764 76,180 SH   SOLE   76,180 0 0
Philip Morris International COM 718172109 16,694 206,766 SH   SOLE   206,766 0 0
Phillips 66 COM 718546104 1,905 16,961 SH   SOLE   16,961 0 0
Procter & Gamble Co. COM 742718109 3,203 41,032 SH   SOLE   41,032 0 0
Quest Diagnostics Inc. COM 74834L100 4,444 40,420 SH   SOLE   40,420 0 0
Raytheon Company COM 755111507 2,415 12,500 SH   SOLE   12,500 0 0
Sally Beauty Holdings Inc. COM 79546e104 1,399 87,259 SH   SOLE   87,259 0 0
Starbucks Corp COM 855244109 570 11,668 SH   SOLE   11,668 0 0
Tapestry Inc. COM 876030107 693 14,845 SH   SOLE   14,845 0 0
The Kraft Heinz Company COM 500754106 834 13,278 SH   SOLE   13,278 0 0
The Mosaic Company COM 61945c103 2,422 86,331 SH   SOLE   86,331 0 0
The Travelers Companies Inc. COM 89417e109 8,845 72,300 SH   SOLE   72,300 0 0
The Walt Disney Co. COM 254687106 978 9,332 SH   SOLE   9,332 0 0
Twenty-First Century Fox Cl A COM 90130a101 1,982 39,895 SH   SOLE   39,895 0 0
US Bancorp Delaware New COM 902973304 633 12,660 SH   SOLE   12,660 0 0
Union Pacific Corp COM 907818108 1,595 11,259 SH   SOLE   11,259 0 0
United Parcel Service Inc. COM 911312106 2,774 26,118 SH   SOLE   26,118 0 0
UnitedHealth Group Inc. COM 91324p102 22,572 92,004 SH   SOLE   92,004 0 0
Unum Group COM 91529y106 2,802 75,751 SH   SOLE   75,751 0 0
Valero Energy Corp. COM 91913y100 7,096 64,026 SH   SOLE   64,026 0 0
Verizon Communications COM 92343V104 1,832 36,424 SH   SOLE   36,424 0 0
Viacom Inc. Class B COM 92553p201 748 24,795 SH   SOLE   24,795 0 0
Visa, Inc. COM 92826c839 5,858 44,228 SH   SOLE   44,228 0 0
Waddell & Reed Financial COM 930059100 453 25,208 SH   SOLE   25,208 0 0
Wal Mart Stores COM 931142103 5,237 61,142 SH   SOLE   61,142 0 0
Washington Federal COM 938824109 1,583 48,413 SH   SOLE   48,413 0 0
Waste Management Inc. Del COM 94106L109 411 5,057 SH   SOLE   5,057 0 0
Weight Watchers Intl. Inc. COM 948626106 2,028 20,057 SH   SOLE   20,057 0 0
Wells Fargo & Co. COM 949746101 1,655 29,860 SH   SOLE   29,860 0 0
Western Union Company COM 959802109 1,146 56,349 SH   SOLE   56,349 0 0
Weyerhaeuser Co. COM 962166104 458 12,552 SH   SOLE   12,552 0 0
Yum! Brands, Inc. COM 988498101 1,035 13,237 SH   SOLE   13,237 0 0
Zimmer Biomet Holdings COM 98956p102 9,657 86,654 SH   SOLE   86,654 0 0
Alkermes PLC FOR g01767105 1,097 26,651 SH   SOLE   26,651 0 0
Allegion PLC FOR g0176j109 284 3,670 SH   SOLE   3,670 0 0
Allergan PLC FOR g0177j108 1,709 10,250 SH   SOLE   10,250 0 0
America Movil ADR FOR 02364W105 5,985 359,269 SH   SOLE   359,269 0 0
Arcos Dorados Hldgs. FOR g0457f107 987 142,085 SH   SOLE   142,085 0 0
BP p.l.c. FOR 055622104 9,870 216,164 SH   SOLE   216,164 0 0
British American Tobacco FOR 110448107 2,099 41,615 SH   SOLE   41,615 0 0
Colliers International Group FOR 194693107 542 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108 3,278 220,318 SH   SOLE   220,318 0 0
Diageo PLC ADR FOR 25243q205 2,020 14,024 SH   SOLE   14,024 0 0
Enbridge Inc. FOR 29250n105 206 5,780 SH   SOLE   5,780 0 0
FirstService Corp Voting Share FOR 33767e103 563 7,410 SH   SOLE   7,410 0 0
Glaxo SmithKline PLC FOR 37733W105 2,530 62,772 SH   SOLE   62,772 0 0
Ingersoll Rand Co FOR g47791101 943 10,512 SH   SOLE   10,512 0 0
LyondellBasell Industries N.V. FOR n53745100 7,988 72,718 SH   SOLE   72,718 0 0
Medtronic PLC FOR g5960L103 13,620 159,098 SH   SOLE   159,098 0 0
Nokia Corp Sponsored ADR FOR 654902204 75 13,117 SH   SOLE   13,117 0 0
Royal Dutch Shell PLC A FOR 780259206 1,271 18,353 SH   SOLE   18,353 0 0
SK Telecom ADR FOR 78440p108 221 9,458 SH   SOLE   9,458 0 0
Taiwan Semiconductor Manufactu FOR 874039100 201 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208 3,719 435,965 SH   SOLE   435,965 0 0
Textainer Group Holdings Limit FOR g8766e109 1,415 88,975 SH   SOLE   88,975 0 0
Toyota Motor Corp ADR FOR 892331307 215 1,670 SH   SOLE   1,670 0 0
Unilever NV New York Shs FOR 904784709 5,756 103,303 SH   SOLE   103,303 0 0
Yum China Holdings, Inc. FOR 98850p109 515 13,387 SH   SOLE   13,387 0 0