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
ACXIOM CORP COM 005125109 2,236 98,586 SH   SOLE   96,629 0 1,957
AGREE REALTY CORP COM 008492100 411 13,937 SH   SOLE   13,937 0 0
ALLEGIANT TRAVEL CO COM 01748X102 4,172 39,358 SH   SOLE   38,566 0 792
ALLETE INC COM NEW 018522300 1,816 36,425 SH   SOLE   35,922 0 503
ALLIED WRLD ASSUR COM HLDG A SHS H01531104 1,583 17,301 SH   SOLE   16,760 0 541
ALTRA HOLDINGS INC COM 02208R106 2,312 84,454 SH   SOLE   82,947 0 1,507
AMERICAN FINL GROUP INC OHIO COM 025932104 5,284 108,035 SH   SOLE   105,894 0 2,141
AMERICAN INTL GROUP INC COM NEW 026874784 995 22,254 SH   SOLE   15,123 0 7,131
AMERICAN STS WTR CO COM 029899101 2,633 49,054 SH   SOLE   48,082 0 972
AMERICAN WTR WKS CO INC NEW COM 030420103 1,682 40,807 SH   SOLE   39,532 0 1,275
AMERISOURCEBERGEN CORP COM 03073E105 4,056 72,647 SH   SOLE   70,342 0 2,305
ANADARKO PETE CORP COM 032511107 920 10,711 SH   SOLE   7,489 0 3,222
APACHE CORP COM 037411105 934 11,137 SH   SOLE   8,633 0 2,504
APPLE INC COM 037833100 1,157 2,917 SH   SOLE   1,952 0 965
ASBURY AUTOMOTIVE GROUP INC COM 043436104 2,893 72,152 SH   SOLE   70,498 0 1,654
ASCENT CAP GROUP INC COM SER A 043632108 994 12,735 SH   SOLE   12,735 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 3,298 88,927 SH   SOLE   87,869 0 1,058
BANK OF AMERICA CORPORATION COM 060505104 686 53,352 SH   SOLE   36,034 0 17,318
BANNER CORP COM NEW 06652V208 6,982 206,626 SH   SOLE   203,404 0 3,222
BASIC ENERGY SVCS INC NEW COM 06985P100 149 12,304 SH   SOLE   12,304 0 0
BELDEN INC COM 077454106 4,421 88,543 SH   SOLE   86,943 0 1,600
BELO CORP COM SER A 080555105 3,274 234,729 SH   SOLE   230,071 0 4,658
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,211 10,822 SH   SOLE   7,016 0 3,806
BLACKROCK INC COM 09247X101 1,081 4,210 SH   SOLE   2,923 0 1,287
BLOOMIN BRANDS INC COM 094235108 6,468 259,969 SH   SOLE   254,792 0 5,177
BLUCORA INC COM 095229100 3,525 190,107 SH   SOLE   186,579 0 3,528
BOEING CO COM 097023105 645 6,295 SH   SOLE   3,958 0 2,337
C D I CORP COM 125071100 193 13,614 SH   SOLE   13,614 0 0
CAPITAL ONE FINL CORP COM 14040H105 877 13,966 SH   SOLE   9,386 0 4,580
CARDINAL HEALTH INC COM 14149Y108 1,309 27,730 SH   SOLE   19,408 0 8,322
CATERPILLAR INC DEL COM 149123101 537 6,505 SH   SOLE   4,429 0 2,076
CHESAPEAKE LODGING TR SH BEN INT 165240102 3,971 191,009 SH   SOLE   187,596 0 3,413
CHEVRON CORP NEW COM 166764100 1,468 12,408 SH   SOLE   7,520 0 4,888
CHILDRENS PL RETAIL STORES I COM 168905107 4,739 86,477 SH   SOLE   84,760 0 1,717
CISCO SYS INC COM 17275R102 1,567 64,381 SH   SOLE   49,109 0 15,272
CITIGROUP INC COM NEW 172967424 1,185 24,710 SH   SOLE   16,512 0 8,198
COCA COLA CO COM 191216100 673 16,778 SH   SOLE   12,110 0 4,668
COINSTAR INC COM 19259P300 2,262 38,554 SH   SOLE   37,874 0 680
COLUMBIA BKG SYS INC COM 197236102 6,586 276,592 SH   SOLE   271,956 0 4,636
COMCAST CORP NEW CL A 20030N101 948 22,701 SH   SOLE   16,201 0 6,500
CONSOL ENERGY INC COM 20854P109 350 12,927 SH   SOLE   8,112 0 4,815
CONSTELLATION BRANDS INC CL A 21036P108 1,762 33,805 SH   SOLE   32,746 0 1,059
CUMMINS INC COM 231021106 407 3,754 SH   SOLE   2,554 0 1,200
CVS CAREMARK CORPORATION COM 126650100 1,369 23,950 SH   SOLE   17,546 0 6,404
DELEK US HLDGS INC COM 246647101 613 21,304 SH   SOLE   20,629 0 675
DELTA AIR LINES INC DEL COM NEW 247361702 1,247 66,661 SH   SOLE   48,575 0 18,086
DIRECTV COM 25490A309 1,099 17,835 SH   SOLE   12,279 0 5,556
DISNEY WALT CO COM DISNEY 254687106 1,013 16,043 SH   SOLE   11,217 0 4,826
ELIZABETH ARDEN INC COM 28660G106 2,956 65,620 SH   SOLE   64,516 0 1,104
EMCOR GROUP INC COM 29084Q100 5,265 129,511 SH   SOLE   126,921 0 2,590
EMPLOYERS HOLDINGS INC COM 292218104 3,148 128,752 SH   SOLE   126,599 0 2,153
EURONET WORLDWIDE INC COM 298736109 2,737 85,898 SH   SOLE   84,192 0 1,706
EXPONENT INC COM 30214U102 1,071 18,120 SH   SOLE   18,120 0 0
EXXON MOBIL CORP COM 30231G102 1,573 17,412 SH   SOLE   11,554 0 5,858
FLUOR CORP NEW COM 343412102 674 11,358 SH   SOLE   8,361 0 2,997
FORD MTR CO DEL COM PAR $0.01 345370860 768 49,635 SH   SOLE   35,694 0 13,941
FREEPORT-MCMORAN COPPER & GO COM 35671D857 414 15,012 SH   SOLE   12,892 0 2,120
G & K SVCS INC CL A 361268105 383 8,049 SH   SOLE   8,049 0 0
GALLAGHER ARTHUR J & CO COM 363576109 3,386 77,508 SH   SOLE   75,078 0 2,430
GENERAL ELECTRIC CO COM 369604103 1,260 54,341 SH   SOLE   41,907 0 12,434
GOLDMAN SACHS GROUP INC COM 38141G104 449 2,971 SH   SOLE   1,999 0 972
GOOGLE INC CL A 38259P508 1,004 1,140 SH   SOLE   929 0 211
GP STRATEGIES CORP COM 36225V104 380 15,957 SH   SOLE   15,957 0 0
GRACO INC COM 384109104 3,178 50,284 SH   SOLE   48,734 0 1,550
GREENBRIER COS INC COM 393657101 3,866 158,645 SH   SOLE   155,306 0 3,339
GROUP 1 AUTOMOTIVE INC COM 398905109 1,476 22,942 SH   SOLE   22,942 0 0
HANGER INC COM NEW 41043F208 4,337 137,112 SH   SOLE   134,516 0 2,596
HCC INS HLDGS INC COM 404132102 2,493 57,820 SH   SOLE   55,995 0 1,825
HEALTHCARE SVCS GRP INC COM 421906108 216 8,808 SH   SOLE   8,808 0 0
HEARTLAND PMT SYS INC COM 42235N108 3,366 90,351 SH   SOLE   88,568 0 1,783
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 3,127 135,717 SH   SOLE   133,039 0 2,678
HENRY JACK & ASSOC INC COM 426281101 1,665 35,322 SH   SOLE   34,206 0 1,116
HERCULES OFFSHORE INC COM 427093109 2,131 302,669 SH   SOLE   297,247 0 5,422
HEWLETT PACKARD CO COM 428236103 515 20,766 SH   SOLE   14,127 0 6,639
HORACE MANN EDUCATORS CORP N COM 440327104 3,870 158,742 SH   SOLE   155,595 0 3,147
HUNTINGTON BANCSHARES INC COM 446150104 139 17,701 SH   SOLE   17,701 0 0
INDEPENDENCE HLDG CO NEW COM NEW 453440307 150 12,698 SH   SOLE   12,698 0 0
INTEL CORP COM 458140100 974 40,217 SH   SOLE   32,381 0 7,836
INVENTURE FOODS INC COM 461212102 1,073 128,344 SH   SOLE   126,686 0 1,658
IPG PHOTONICS CORP COM 44980X109 2,634 43,378 SH   SOLE   42,515 0 863
ISHARES TR RUSL 2000 VALU 464287630 632 7,355 SH   SOLE   7,355 0 0
J2 GLOBAL INC COM 48123V102 2,805 65,984 SH   SOLE   64,676 0 1,308
JOHNSON & JOHNSON COM 478160104 1,334 15,536 SH   SOLE   9,951 0 5,585
JOHNSON CTLS INC COM 478366107 724 20,219 SH   SOLE   13,495 0 6,724
JPMORGAN CHASE & CO COM 46625H100 1,918 36,327 SH   SOLE   25,738 0 10,589
KAPSTONE PAPER & PACKAGING C COM 48562P103 4,890 121,705 SH   SOLE   119,672 0 2,033
KILROY RLTY CORP COM 49427F108 4,065 76,679 SH   SOLE   75,205 0 1,474
LIBBEY INC COM 529898108 3,439 143,473 SH   SOLE   141,468 0 2,005
LITHIA MTRS INC CL A 536797103 732 13,730 SH   SOLE   13,730 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 3,281 211,684 SH   SOLE   207,487 0 4,197
MACYS INC COM 55616P104 872 18,166 SH   SOLE   13,362 0 4,804
MARATHON PETE CORP COM 56585A102 457 6,426 SH   SOLE   4,527 0 1,899
MATRIX SVC CO COM 576853105 266 17,094 SH   SOLE   17,094 0 0
MEDNAX INC COM 58502B106 2,370 25,878 SH   SOLE   25,018 0 860
MENTOR GRAPHICS CORP COM 587200106 2,510 128,364 SH   SOLE   125,692 0 2,672
MERCHANTS BANCSHARES COM 588448100 331 11,183 SH   SOLE   11,183 0 0
MERCK & CO INC NEW COM 58933Y105 1,060 22,826 SH   SOLE   16,843 0 5,983
METLIFE INC COM 59156R108 1,237 27,028 SH   SOLE   17,729 0 9,299
MICROSOFT CORP COM 594918104 1,180 34,149 SH   SOLE   25,110 0 9,039
MKS INSTRUMENT INC COM 55306N104 2,380 89,675 SH   SOLE   87,808 0 1,867
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 2,840 262,221 SH   SOLE   255,582 0 6,639
MORGAN STANLEY COM NEW 617446448 471 19,260 SH   SOLE   12,982 0 6,278
MULTI COLOR CORP COM 625383104 667 21,976 SH   SOLE   21,976 0 0
NATIONAL FUEL GAS CO N J COM 636180101 3,777 65,181 SH   SOLE   63,870 0 1,311
NATIONAL RETAIL PPTYS INC COM 637417106 2,394 69,591 SH   SOLE   68,280 0 1,311
NEWMARKET CORP COM 651587107 4,253 16,197 SH   SOLE   15,908 0 289
OASIS PETE INC NEW COM 674215108 6,086 156,570 SH   SOLE   153,408 0 3,162
OCCIDENTAL PETE CORP DEL COM 674599105 845 9,468 SH   SOLE   6,582 0 2,886
OMNICELL INC COM 68213N109 3,291 160,126 SH   SOLE   157,308 0 2,818
ONE LIBERTY PPTYS INC COM 682406103 668 30,400 SH   SOLE   30,400 0 0
ORACLE CORP COM 68389X105 893 29,093 SH   SOLE   21,560 0 7,533
PARK STERLING CORP COM 70086Y105 271 45,930 SH   SOLE   45,930 0 0
PATRICK INDS INC COM 703343103 213 10,249 SH   SOLE   10,249 0 0
PFIZER INC COM 717081103 1,632 58,252 SH   SOLE   42,785 0 15,467
PIER 1 IMPORTS INC COM 720279108 5,110 217,521 SH   SOLE   213,200 0 4,321
PINNACLE FINL PARTNERS INC COM 72346Q104 3,174 123,444 SH   SOLE   121,698 0 1,746
PIONEER NAT RES CO COM 723787107 798 5,513 SH   SOLE   4,065 0 1,448
PLANTRONICS INC NEW COM 727493108 2,508 57,096 SH   SOLE   55,960 0 1,136
PNC FINL SVCS GROUP INC COM 693475105 913 12,517 SH   SOLE   8,509 0 4,008
POLYCOM INC COM 73172K104 1,215 115,383 SH   SOLE   113,091 0 2,292
PREMIERE GLOBAL SVCS INC COM 740585104 2,470 204,640 SH   SOLE   201,044 0 3,596
PRIMORIS SVCS CORP COM 74164F103 347 17,595 SH   SOLE   17,595 0 0
PROVIDENCE SVC CORP COM 743815102 423 14,524 SH   SOLE   14,524 0 0
QUALCOMM INC COM 747525103 835 13,666 SH   SOLE   9,229 0 4,437
RAYONIER INC COM 754907103 3,805 68,695 SH   SOLE   67,349 0 1,346
RED ROBIN GOURMET BURGERS IN COM 75689M101 329 5,955 SH   SOLE   5,955 0 0
RENASANT CORP COM 75970E107 553 22,722 SH   SOLE   22,722 0 0
RENT A CTR INC NEW COM 76009N100 977 26,023 SH   SOLE   26,023 0 0
ROVI CORP COM 779376102 1,751 76,680 SH   SOLE   75,156 0 1,524
SAFETY INS GROUP INC COM 78648T100 335 6,911 SH   SOLE   6,911 0 0
SANCHEZ ENERGY CORP COM 79970Y105 314 13,685 SH   SOLE   13,685 0 0
SCBT FINANCIAL CORP COM 78401V102 3,127 62,060 SH   SOLE   61,031 0 1,029
SCHLUMBERGER LTD COM 806857108 505 7,049 SH   SOLE   4,451 0 2,598
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 241 6,405 SH   SOLE   6,405 0 0
SHUTTERFLY INC COM 82568P304 7,582 135,606 SH   SOLE   133,134 0 2,472
SILGAN HOLDINGS INC COM 827048109 1,441 30,683 SH   SOLE   30,683 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 2,926 133,672 SH   SOLE   129,477 0 4,195
SM ENERGY CO COM 78454L100 2,322 38,713 SH   SOLE   37,500 0 1,213
SONIC CORP COM 835451105 6,296 432,695 SH   SOLE   424,080 0 8,615
SOUTHWEST BANCORP INC OKLA COM 844767103 171 12,992 SH   SOLE   12,992 0 0
SPARTON CORP COM 847235108 375 21,773 SH   SOLE   21,773 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,016 6,334 SH   SOLE   0 0 6,334
SPECTRUM BRANDS HLDGS INC COM 84763R101 1,096 19,278 SH   SOLE   19,278 0 0
STAG INDL INC COM 85254J102 3,474 174,128 SH   SOLE   170,659 0 3,469
STAGE STORES INC COM NEW 85254C305 4,308 183,319 SH   SOLE   179,671 0 3,648
STATE BK FINL CORP COM 856190103 317 21,107 SH   SOLE   21,107 0 0
STATE STR CORP COM 857477103 1,002 15,364 SH   SOLE   10,815 0 4,549
STERLING FINL CORP WASH COM NEW 859319303 3,997 168,082 SH   SOLE   165,099 0 2,983
SUSQUEHANNA BANCSHARES INC P COM 869099101 2,426 188,795 SH   SOLE   185,470 0 3,325
SYNERGETICS USA INC COM 87160G107 289 73,375 SH   SOLE   73,375 0 0
SYNERGY RES CORP COM 87164P103 2,045 279,359 SH   SOLE   275,551 0 3,808
TELEFLEX INC COM 879369106 4,832 62,352 SH   SOLE   61,341 0 1,011
TRIMAS CORP COM NEW 896215209 3,122 83,755 SH   SOLE   82,086 0 1,669
U S SILICA HLDGS INC COM 90346E103 2,090 100,562 SH   SOLE   98,784 0 1,778
UIL HLDG CORP COM 902748102 2,593 67,785 SH   SOLE   66,442 0 1,343
UNIFIRST CORP MASS COM 904708104 3,248 35,595 SH   SOLE   34,887 0 708
UNITED PARCEL SERVICE INC CL B 911312106 455 5,260 SH   SOLE   3,579 0 1,681
UNITEDHEALTH GROUP INC COM 91324P102 1,363 20,823 SH   SOLE   14,693 0 6,130
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 404 9,362 SH   SOLE   9,362 0 0
USA TECHNOLOGIES INC COM NO PAR 90328S500 167 95,791 SH   SOLE   95,791 0 0
VALMONT INDS INC COM 920253101 2,541 17,756 SH   SOLE   17,196 0 560
VANGUARD INDEX FDS GROWTH ETF 922908736 1,865 23,859 SH   SOLE   0 0 23,859
VASCULAR SOLUTIONS INC COM 92231M109 163 11,085 SH   SOLE   11,085 0 0
VIACOM INC NEW CL B 92553P201 1,050 15,436 SH   SOLE   9,853 0 5,583
WABTEC CORP COM 929740108 6,366 119,144 SH   SOLE   117,036 0 2,108
WALGREEN CO COM 931422109 504 11,411 SH   SOLE   7,207 0 4,204
WELLS FARGO & CO NEW COM 949746101 1,475 35,741 SH   SOLE   25,463 0 10,278
WESTAR ENERGY INC COM 95709T100 1,690 52,864 SH   SOLE   51,208 0 1,656
WEYERHAEUSER CO COM 962166104 512 17,967 SH   SOLE   11,347 0 6,620
WINTRUST FINANCIAL CORP COM 97650W108 1,512 39,501 SH   SOLE   39,501 0 0
WYNN RESORTS LTD COM 983134107 482 3,766 SH   SOLE   2,366 0 1,400