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 1,757 39,280 SH   SOLE   32,315 0 6,965
ALTRIA GROUP INC COM 02209s103 1,995 58,075 SH   SOLE   48,505 0 9,570
AMERICAN EAGLE OUTFITTERS NE COM 02553e106 204 14,580 SH   SOLE   11,700 0 2,880
AMGEN INC COM 031162100 3,924 35,060 SH   SOLE   30,720 0 4,340
APACHE CORP COM 037411105 4,816 56,562 SH   SOLE   49,252 0 7,310
APPLE INC COM 037833100 8,239 17,281 SH   SOLE   15,015 0 2,266
AT&T INC COM 00206r102 2,107 62,315 SH   SOLE   51,150 0 11,165
AUTOZONE INC COM 053332102 3,895 9,215 SH   SOLE   7,942 0 1,273
BED BATH & BEYOND INC COM 075896100 2,341 30,265 SH   SOLE   25,960 0 4,305
BERKSHIRE HILLS BANCORP INC COM 084680107 418 16,665 SH   SOLE   13,395 0 3,270
BIO-REFERENCE LABS INC COM $.01 NEW 09057g602 388 13,000 SH   SOLE   10,455 0 2,545
BOEING CO COM 097023105 1,527 12,998 SH   SOLE   11,558 0 1,440
BP PLC SPONSORED ADR 055622104 2,156 51,305 SH   SOLE   42,455 0 8,850
CA INC COM 12673p105 1,544 52,035 SH   SOLE   43,315 0 8,720
CABOT CORP COM 127055101 330 7,725 SH   SOLE   6,170 0 1,555
CAPITAL ONE FINL CORP COM 14040H105 6,100 88,734 SH   SOLE   77,799 0 10,935
CARDINAL HEALTH INC COM 14149y108 3,697 70,885 SH   SOLE   62,000 0 8,885
CARPENTER TECHNOLOGY CORP COM 144285103 295 5,075 SH   SOLE   4,060 0 1,015
CATERPILLAR INC DEL COM 149123101 2,987 35,820 SH   SOLE   31,185 0 4,635
CATHAY GENERAL BANCORP COM 149150104 911 39,000 SH   SOLE   39,000 0 0
CHESAPEAKE ENERGY CORP PFD CONV 165167842 2,062 23,318 SH   SOLE   19,293 0 4,025
CHEVRON CORP NEW COM 166764100 1,739 14,309 SH   SOLE   11,879 0 2,430
CISCO SYS INC COM 17275r102 1,592 67,950 SH   SOLE   55,380 0 12,570
CITIGROUP INC COM NEW 172967424 3,937 81,160 SH   SOLE   71,120 0 10,040
CLEAN HARBORS INC COM 184496107 466 7,945 SH   SOLE   6,365 0 1,580
CLEARBRIDGE ENERGY MLP OPP F COM 18469P100 362 16,000 SH   SOLE   16,000 0 0
COBIZ FINANCIAL INC COM 190897108 309 31,985 SH   SOLE   25,840 0 6,145
COLUMBIA BKG SYS INC COM 197236102 380 15,385 SH   SOLE   12,435 0 2,950
CONAGRA FOODS INC COM 205887102 8,695 286,600 SH   SOLE   247,070 0 39,530
CONMED CORP COM 207410101 268 7,880 SH   SOLE   6,345 0 1,535
CONOCOPHILLIPS COM 20825c104 2,529 36,382 SH   SOLE   30,152 0 6,230
CORNING INC COM 219350105 5,191 355,760 SH   SOLE   309,120 0 46,640
CROCS INC COM 227046109 250 18,365 SH   SOLE   14,760 0 3,605
CVS CAREMARK CORPORATION COM 126650100 5,444 95,929 SH   SOLE   83,994 0 11,935
DARDEN RESTAURANTS INC COM 237194105 2,012 43,475 SH   SOLE   35,855 0 7,620
DIGITAL RLTY TR INC COM 253868103 1,815 34,190 SH   SOLE   28,385 0 5,805
DOW CHEM CO COM 260543103 6,043 157,375 SH   SOLE   135,790 0 21,585
DR PEPPER SNAPPLE GROUP INC COM 26138e109 1,607 35,855 SH   SOLE   29,705 0 6,150
DU PONT E I DE NEMOURS & CO COM 263534109 2,951 50,392 SH   SOLE   43,072 0 7,320
DYNAMIC MATLS CORP COM 267888105 385 16,605 SH   SOLE   13,240 0 3,365
E M C CORP MASS COM 268648102 5,173 202,405 SH   SOLE   177,050 0 25,355
EATON CORP PLC SHS G29183103 3,987 57,916 SH   SOLE   50,716 0 7,200
ENCORE CAP GROUP INC COM 292554102 450 9,840 SH   SOLE   7,905 0 1,935
ENSCO PLC SHS CLASS A g3157s106 4,321 80,390 SH   SOLE   68,840 0 11,550
EXACTECH INC COM 30064e109 270 13,410 SH   SOLE   10,765 0 2,645
EXELON CORP COM 30161n101 2,063 69,588 SH   SOLE   57,553 0 12,035
EXPRESS SCRIPTS HLDG CO COM 30219g108 3,247 52,540 SH   SOLE   45,525 0 7,015
EXXON MOBIL CORP COM 30231g102 381 4,430 SH   SOLE   4,430 0 0
F5 NETWORKS INC COM 315616102 2,252 26,250 SH   SOLE   22,580 0 3,670
FEDEX CORP COM 31428x106 3,533 30,960 SH   SOLE   27,255 0 3,705
FIRST NIAGARA FINL GP INC COM 33582v108 1,939 186,995 SH   SOLE   154,230 0 32,765
FLUSHING FINL CORP COM 343873105 288 15,595 SH   SOLE   12,470 0 3,125
FORD MTR CO DEL COM PAR $0.01 345370860 3,999 237,028 SH   SOLE   207,783 0 29,245
FREEPORT-MCMORAN COPPER & GO COM 35671d857 3,153 95,325 SH   SOLE   80,845 0 14,480
GENERAL CABLE CORP DEL NEW COM 369300108 309 9,720 SH   SOLE   7,835 0 1,885
GENERAL ELECTRIC CO COM 369604103 2,403 100,580 SH   SOLE   83,875 0 16,705
GENESCO INC COM 371532102 303 4,625 SH   SOLE   3,735 0 890
GENTHERM INC COM 37253a103 321 16,800 SH   SOLE   13,560 0 3,240
GIVEN IMAGING ORD SHS M52020100 371 19,310 SH   SOLE   15,535 0 3,775
GOLDCORP INC NEW COM 380956409 1,386 53,295 SH   SOLE   46,070 0 7,225
HARMAN INTL INDS INC COM 413086109 6,231 94,075 SH   SOLE   82,000 0 12,075
HEALTH CARE REIT INC COM 42217k106 1,210 19,395 SH   SOLE   16,110 0 3,285
HOSPITALITY PPTYS TR COM SH BEN INT 44106m102 2,287 80,800 SH   SOLE   67,785 0 13,015
INGREDION INC COM 457187102 212 3,205 SH   SOLE   2,575 0 630
INTEGRATED SILICON SOLUTION COM 45812p107 464 42,620 SH   SOLE   34,345 0 8,275
INTEL CORP COM 458140100 1,984 86,575 SH   SOLE   71,660 0 14,915
INTERNATIONAL BUSINESS MACHS COM 459200101 2,171 11,723 SH   SOLE   10,563 0 1,160
ISHARES IBOXX INV CP ETF 464287242 427 3,765 SH   SOLE   2,630 0 1,135
JABIL CIRCUIT INC COM 466313103 5,498 253,593 SH   SOLE   220,313 0 33,280
JOHNSON & JOHNSON COM 478160104 2,246 25,905 SH   SOLE   21,575 0 4,330
JPMORGAN CHASE & CO COM 46625h100 5,352 103,540 SH   SOLE   90,005 0 13,535
LAKELAND FINL CORP COM 511656100 412 12,630 SH   SOLE   10,100 0 2,530
LANDEC CORP COM 514766104 284 23,315 SH   SOLE   18,645 0 4,670
LOCKHEED MARTIN CORP COM 539830109 1,302 10,210 SH   SOLE   8,595 0 1,615
MARATHON OIL CORP COM 565849106 4,362 125,044 SH   SOLE   109,489 0 15,555
MCDERMOTT INTL INC COM 580037109 231 31,145 SH   SOLE   25,105 0 6,040
MCKESSON CORP COM 58155q103 2,397 18,680 SH   SOLE   16,025 0 2,655
MEDIFAST INC COM 58470h101 302 11,225 SH   SOLE   9,010 0 2,215
NATIONAL FUEL GAS CO N J COM 636180101 451 6,560 SH   SOLE   5,285 0 1,275
NEWMONT MINING CORP COM 651639106 3,921 139,548 SH   SOLE   118,908 0 20,640
NOBLE CORPORATION BAAR NAMEN -AKT h5833n103 5,203 137,743 SH   SOLE   120,593 0 17,150
NORDSTROM INC COM 655664100 1,532 27,255 SH   SOLE   24,525 0 2,730
NORTHERN OIL & GAS INC NEV COM 665531109 225 15,585 SH   SOLE   12,620 0 2,965
OMNICELL INC COM 68213n109 353 14,895 SH   SOLE   11,960 0 2,935
OMNIVISION TECHNOLOGIES INC COM 682128103 281 18,330 SH   SOLE   14,600 0 3,730
ORACLE CORP COM 68389x105 3,238 97,610 SH   SOLE   86,135 0 11,475
PEABODY ENERGY CORP COM 704549104 1,726 100,038 SH   SOLE   85,758 0 14,280
PRUDENTIAL FINL INC COM 744320102 4,774 61,218 SH   SOLE   53,698 0 7,520
QUALCOMM INC COM 747525103 5,548 82,410 SH   SOLE   71,620 0 10,790
QUANTA SVCS INC COM 74762e102 3,065 111,400 SH   SOLE   95,235 0 16,165
RENT A CTR INC NEW COM 76009n100 360 9,440 SH   SOLE   7,575 0 1,865
ROFIN SINAR TECHNOLOGIES INC COM 775043102 304 12,560 SH   SOLE   10,135 0 2,425
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 1,471 21,365 SH   SOLE   17,810 0 3,555
RYDER SYS INC COM 783549108 5,506 92,235 SH   SOLE   80,770 0 11,465
SERVICE CORP INTL COM 817565104 501 26,895 SH   SOLE   21,565 0 5,330
SKYWORKS SOLUTIONS INC COM 83088m102 2,104 84,710 SH   SOLE   71,960 0 12,750
SOUTHWEST AIRLS CO COM 844741108 2,409 165,485 SH   SOLE   143,090 0 22,395
SPDR SERIES TRUST BRC HGH YLD BD 78464a417 3,168 79,503 SH   SOLE   66,308 0 13,195
STAPLES INC COM 855030102 1,329 90,710 SH   SOLE   76,475 0 14,235
STEELCASE INC CL A 858155203 336 20,190 SH   SOLE   16,295 0 3,895
STONE ENERGY CORP COM 861642106 391 12,060 SH   SOLE   9,685 0 2,375
SUPERIOR ENERGY SVCS INC COM 868157108 240 9,585 SH   SOLE   7,660 0 1,925
SYKES ENTERPRISES INC COM 871237103 386 21,560 SH   SOLE   17,290 0 4,270
SYNAPTICS INC COM 87157d109 450 10,175 SH   SOLE   8,210 0 1,965
TARGET CORP COM 87612e106 4,144 64,763 SH   SOLE   56,588 0 8,175
TEXAS CAPITAL BANCSHARES INC COM 88224q107 282 6,135 SH   SOLE   4,945 0 1,190
THOR INDS INC COM 885160101 368 6,340 SH   SOLE   5,050 0 1,290
TIME WARNER CABLE INC COM 88732j207 1,652 14,800 SH   SOLE   12,970 0 1,830
TITAN INTL INC ILL COM 88830m102 177 12,065 SH   SOLE   9,720 0 2,345
TRANSOCEAN LTD REG SHS h8817h100 5,503 123,660 SH   SOLE   107,020 0 16,640
UMPQUA HLDGS CORP COM 904214103 310 19,125 SH   SOLE   15,480 0 3,645
UNITEDHEALTH GROUP INC COM 91324p102 1,580 22,065 SH   SOLE   19,930 0 2,135
VERIZON COMMUNICATIONS INC COM 92343v104 1,939 41,545 SH   SOLE   34,150 0 7,395
WALGREEN CO COM 931422109 4,848 90,117 SH   SOLE   79,027 0 11,090
WEATHERFORD INTERNATIONAL LT REG SHS h27013103 2,374 154,845 SH   SOLE   133,995 0 20,850