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
AT&T Inc Com COM 00206R102 8,314 245,826 SH   SOLE   200,282 0 45,544
AbbVie Inc COM 00287y109 9,613 214,901 SH   SOLE   135,549 0 79,352
Acco Brands Corp COM 00081T108 20,423 3,075,696 SH   SOLE   2,017,584 0 1,058,112
Aegion Corp COM 00770F104 11,625 490,106 SH   SOLE   320,993 0 169,113
Aetna COM 00817Y108 11,281 176,216 SH   SOLE   115,899 0 60,317
Air Transport Services Group I COM 00922R105 23,796 3,177,016 SH   SOLE   2,075,801 0 1,101,215
Allstate Corp COM 020002101 8,683 171,763 SH   SOLE   139,862 0 31,901
American Equity Invt Lifehldg COM 025676206 21,236 1,000,753 SH   SOLE   648,103 0 352,650
American Intl Group Inc Com COM 026874784 12,302 252,966 SH   SOLE   169,631 0 83,335
American Software Inc COM 029683109 20,428 2,391,979 SH   SOLE   1,562,367 0 829,612
Amsurg COM 03232P405 32,949 829,942 SH   SOLE   540,150 0 289,792
Anixter International Inc COM 035290105 28,973 330,520 SH   SOLE   212,074 0 118,446
Ares Cap Corp Com COM 04010L103 66,435 3,842,371 SH   SOLE   2,494,334 0 1,348,037
Argo Group Intl ORD COM 2499543 466 10,857 SH   SOLE   10,857 0 0
Ascena Retail Group Inc COM 04351G101 52,021 2,610,197 SH   SOLE   1,711,543 0 898,654
Atmos Energy Corp COM 049560105 28,274 663,864 SH   SOLE   435,298 0 228,566
Atwood Oceanic Inc COM 050095108 28,308 514,309 SH   SOLE   307,721 0 206,588
BBCN Bancorp Inc COM 073295107 35,599 2,589,036 SH   SOLE   1,698,093 0 890,943
Banco Do Brasil SA ADR COM 059578104 489 41,658 SH   SOLE   41,658 0 0
BancorpSouth Inc. COM 059692103 4,777 239,587 SH   SOLE   157,106 0 82,481
Bank Of Hawaii Corp COM 062540109 15,706 288,444 SH   SOLE   187,215 0 101,229
Bank of America Corp COM 060505104 11,056 801,187 SH   SOLE   652,876 0 148,311
Black Box Corp Del Com COM 091826107 34,452 1,124,408 SH   SOLE   727,767 0 396,641
Blackstone Group LP COM 09253U108 11,101 445,992 SH   SOLE   353,075 0 92,917
CACI Intl COM 127190304 42,550 615,682 SH   SOLE   398,817 0 216,865
Callon Pete Co Del COM 13123X102 5,890 1,076,723 SH   SOLE   706,889 0 369,834
Cbiz COM 124805102 30,118 4,048,052 SH   SOLE   2,627,325 0 1,420,727
Chevron Corporation Com COM 166764100 15,465 127,280 SH   SOLE   103,671 0 23,609
Cisco Systems Inc COM 17275R102 16,575 707,393 SH   SOLE   486,257 0 221,136
Citigroup Inc Com COM 172967424 12,239 252,295 SH   SOLE   174,848 0 77,447
ConocoPhillips Com COM 20825C104 11,230 161,565 SH   SOLE   131,568 0 29,997
Cts COM 126501105 20,062 1,272,187 SH   SOLE   834,292 0 437,895
Deluxe Corp COM 248019101 53,557 1,285,573 SH   SOLE   833,354 0 452,219
Diebold Inc COM 253651103 11,452 390,038 SH   SOLE   249,601 0 140,437
Du Pont Ei De Nem COM 263534109 9,382 160,217 SH   SOLE   130,548 0 29,669
Duke Energy Corp New Com COM 26441C204 12,984 194,426 SH   SOLE   158,422 0 36,004
East West Bancorp COM 27579R104 50,062 1,566,884 SH   SOLE   1,018,249 0 548,635
Eaton Corporation COM g29183103 14,301 207,746 SH   SOLE   141,495 0 66,251
Empire District Electric Co COM 291641108 25,242 1,165,378 SH   SOLE   762,227 0 403,151
Enersys COM 29275Y102 36,241 597,747 SH   SOLE   389,085 0 208,662
Ennis COM 293389102 17,062 945,767 SH   SOLE   598,972 0 346,795
Ensco International Inc COM G3157S106 5,967 111,015 SH   SOLE   90,463 0 20,552
Exxon Mobil Corp COM 30231G102 6,041 70,209 SH   SOLE   57,198 0 13,011
F N B Corp Pa Com COM 302520101 29,197 2,407,006 SH   SOLE   1,562,678 0 844,328
FBL Financial Group COM 30239F106 8,497 189,234 SH   SOLE   124,088 0 65,146
FTI Consulting Inc Com COM 302941109 34,947 924,515 SH   SOLE   606,285 0 318,230
Fedex Corp Com COM 31428X106 14,851 130,148 SH   SOLE   89,240 0 40,908
Fifth Street Finance COM 31678A103 20,517 1,994,812 SH   SOLE   1,275,496 0 719,316
Finish Line Inc. COM 317923100 17,935 721,148 SH   SOLE   460,149 0 260,999
First Niagara Financial Group COM 33582V108 43,246 4,170,251 SH   SOLE   2,711,354 0 1,458,897
First Potomac REIT COM 33610F109 25,123 1,998,676 SH   SOLE   1,287,647 0 711,029
FirstMerit Corp COM 337915102 48,935 2,252,974 SH   SOLE   1,477,790 0 775,184
Franklin Electric COM 353514102 16,922 429,501 SH   SOLE   281,664 0 147,837
General Elec Co Com COM 369604103 11,821 494,792 SH   SOLE   339,837 0 154,955
Genesco COM 371532102 51,365 783,239 SH   SOLE   493,279 0 289,960
Gentex COM 371901109 398 15,539 SH   SOLE   0 0 15,539
Glatfelter COM 377316104 10,864 401,325 SH   SOLE   263,203 0 138,122
Graftech Intl COM 384313102 25,016 2,960,434 SH   SOLE   1,940,696 0 1,019,738
Greif Inc COM 397624107 25,760 525,385 SH   SOLE   339,366 0 186,019
Gulfmark Offshore inc COM 402629208 21,131 415,225 SH   SOLE   270,302 0 144,923
HCC Insurance Hldgs Inc Com COM 404132102 36,479 832,480 SH   SOLE   543,326 0 289,154
Hancock Hldg COM 410120109 27,605 879,692 SH   SOLE   577,061 0 302,631
Hanover Insurance Group COM 410867105 28,852 521,555 SH   SOLE   338,917 0 182,638
Harman Intl COM 413086109 34,468 520,432 SH   SOLE   335,705 0 184,727
Hersha Hosp Trust COM 427825104 43,089 7,708,177 SH   SOLE   4,984,183 0 2,723,994
Hill Rom Holdings COM 431475102 44,814 1,250,744 SH   SOLE   809,979 0 440,765
Iconix Brand Group Inc COM 451055107 38,225 1,150,328 SH   SOLE   754,242 0 396,086
Ingram Micro Inc COM 457153104 32,490 1,409,537 SH   SOLE   877,955 0 531,582
Integrated Silicon Solution In COM 45812P107 15,317 1,406,487 SH   SOLE   905,769 0 500,718
JPMorgan Chase & Co Com COM 46625H100 10,348 200,184 SH   SOLE   163,154 0 37,030
Janus Capital Group Inc COM 47102X105 14,801 1,739,296 SH   SOLE   1,121,959 0 617,337
Johnson & Johnson Com COM 478160104 14,972 172,708 SH   SOLE   140,703 0 32,005
Johnson Controls Inc COM 478366107 10,744 258,884 SH   SOLE   166,002 0 92,882
Jos. A Bank Clothiers Inc COM 480838101 13,640 310,717 SH   SOLE   203,795 0 106,922
KT Corp ADR COM 48268K101 712 42,441 SH   SOLE   15,758 0 26,683
Kaiser Aluminum COM 483007704 52,143 731,834 SH   SOLE   479,954 0 251,880
Kindred Healthcare Inc COM 494580103 35,819 2,667,070 SH   SOLE   1,732,039 0 935,031
Kodiak Oil & Gas COM 50015Q100 20,842 1,728,207 SH   SOLE   1,115,539 0 612,668
Korn/Ferry International COM 500643200 44,796 2,093,285 SH   SOLE   1,361,907 0 731,378
Kroger Co Com COM 501044101 8,354 207,096 SH   SOLE   168,776 0 38,320
Kulicke & Soffa Ind COM 501242101 541 46,846 SH   SOLE   0 0 46,846
LMI Aerospace Inc COM 502079106 166 12,411 SH   SOLE   0 0 12,411
LTC Properties Inc COM 502175102 520 13,703 SH   SOLE   0 0 13,703
Lasalle Hotel Pptys COM 517942108 46,811 1,641,326 SH   SOLE   1,072,130 0 569,196
Leapfrog Enterprises Inc COM 52186N106 26,849 2,850,185 SH   SOLE   1,869,129 0 981,056
Lexmark Int'l Group Inc COM 529771107 218 6,598 SH   SOLE   0 0 6,598
Lincoln Natl Corp Ind Com COM 534187109 6,797 161,881 SH   SOLE   133,418 0 28,463
Lukoil OAO ADR COM 677862104 430 6,760 SH   SOLE   6,760 0 0
Medical Properties COM 58463J304 35,337 2,903,638 SH   SOLE   1,880,624 0 1,023,014
Metlife Inc COM 59156R108 13,347 284,286 SH   SOLE   198,031 0 86,255
Morgan Stanley COM 617446448 9,351 346,981 SH   SOLE   284,775 0 62,206
Nash-Finch COM 631158102 21,927 830,251 SH   SOLE   537,117 0 293,134
Neenah Paper Inc COM 640079109 493 12,531 SH   SOLE   0 0 12,531
Nextera Energy COM 65339F101 7,353 91,731 SH   SOLE   74,878 0 16,853
Noble Affiliates Inc COM 655044105 13,351 199,238 SH   SOLE   162,285 0 36,953
Northwestern COM 668074305 239 5,324 SH   SOLE   0 0 5,324
Nu Skin Enterprises COM 67018T105 62,020 647,792 SH   SOLE   415,149 0 232,643
Oi SA ADR COM 670851203 86 46,894 SH   SOLE   46,894 0 0
Omega Healthcare Inv COM 681936100 39,815 1,332,947 SH   SOLE   861,036 0 471,911
Oplink Communications Inc COM 68375Q403 33,391 1,774,256 SH   SOLE   1,159,693 0 614,563
Oracle Corporation Com COM 68389X105 8,814 265,732 SH   SOLE   216,496 0 49,236
Pantry Inc COM 698657103 234 21,160 SH   SOLE   0 0 21,160
Park Electrochemical Corp Com COM 700416209 29,903 1,043,732 SH   SOLE   675,747 0 367,985
Partner Communications ADR COM 70211M109 244 30,865 SH   SOLE   30,865 0 0
Petroleo Brasileiro ADR COM 71654V101 491 29,335 SH   SOLE   29,335 0 0
Pfizer Inc COM 717081103 11,669 406,219 SH   SOLE   330,940 0 75,279
Pitney Bowes Inc COM 724479100 381 20,950 SH   SOLE   0 0 20,950
Plantronics Inc COM 727493108 13,391 290,785 SH   SOLE   190,693 0 100,092
Plexus Corp COM 729132100 12,035 323,862 SH   SOLE   211,774 0 112,088
Portland General Ele COM 736508847 46,423 1,644,455 SH   SOLE   1,078,404 0 566,051
QLogic Corp COM 747277101 15,080 1,378,425 SH   SOLE   890,912 0 487,513
RPM International Inc COM 749685103 15,011 414,682 SH   SOLE   271,021 0 143,661
Ramco-Gershenson Properties COM 751452202 19,327 1,254,207 SH   SOLE   839,070 0 415,137
Regal Beloit Corp COM 758750103 446 6,567 SH   SOLE   0 0 6,567
Rent-A-Center Inc New Com COM 76009N100 56,416 1,480,348 SH   SOLE   933,611 0 546,737
Rosetta Resources Inc COM 777779307 9,426 173,055 SH   SOLE   111,657 0 61,398
Ruth's Hospitality Group COM 783332109 11,853 1,000,261 SH   SOLE   655,978 0 344,283
Scansource Inc COM 806037107 27,164 785,311 SH   SOLE   515,127 0 270,184
Select Comfort Corporation COM 81616X103 38,150 1,566,723 SH   SOLE   1,027,279 0 539,444
Sensient Tech COM 81725T100 26,057 544,111 SH   SOLE   356,854 0 187,257
Skywest COM 830879102 11,376 783,482 SH   SOLE   500,483 0 282,999
Sonic Automotive Inc. COM 83545G102 51,402 2,159,757 SH   SOLE   1,402,569 0 757,188
Sonoco Products COM 835495102 24,538 630,150 SH   SOLE   409,931 0 220,219
Standard & Poors Dep Recpt COM 78462F103 622 3,702 SH   SOLE   0 0 3,702
State Street Corp COM 857477103 7,132 108,467 SH   SOLE   89,182 0 19,285
Steris Corporation COM 859152100 332 7,721 SH   SOLE   0 0 7,721
Stewart Information Services COM 860372101 22,307 697,307 SH   SOLE   457,229 0 240,078
Stifel Financial Corp COM 860630102 26,409 640,683 SH   SOLE   420,155 0 220,528
Stone Energy COM 861642106 10,932 337,096 SH   SOLE   218,192 0 118,904
Symmetry Medical COM 871546206 16,706 2,047,344 SH   SOLE   1,337,627 0 709,717
Telecom Italia SpA ADR COM 87927Y102 124 15,250 SH   SOLE   15,250 0 0
Ternium SA ADR COM 880890108 277 11,545 SH   SOLE   11,545 0 0
Tetra Tech COM 88162G103 19,775 763,797 SH   SOLE   489,834 0 273,963
Thor Industries Inc COM 885160101 33,814 582,598 SH   SOLE   378,568 0 204,030
Tidewater COM 886423102 50,480 850,411 SH   SOLE   553,508 0 296,903
Tower Group International Ltd COM g8988c105 9,853 1,407,526 SH   SOLE   898,167 0 509,359
Trustmark Corp COM 898402102 19,414 758,342 SH   SOLE   492,565 0 265,777
Tutor Perini COM 901109108 2,511 117,774 SH   SOLE   77,227 0 40,547
URS Corp COM 903236107 494 9,190 SH   SOLE   0 0 9,190
UTi Worldwide Inc COM G87210103 1,251 82,815 SH   SOLE   54,315 0 28,500
VCA Antech Inc COM 918194101 238 8,651 SH   SOLE   0 0 8,651
Valassis Commun COM 918866104 604 20,898 SH   SOLE   0 0 20,898
Validus Holdings COM G9319H102 25,377 686,248 SH   SOLE   442,757 0 243,491
Waddell & Reed Finl Inc Cl A COM 930059100 29,011 563,530 SH   SOLE   367,716 0 195,814
Walgreen Company COM 931422109 12,588 233,970 SH   SOLE   190,633 0 43,337
Walt Disney Company Inc COM 254687106 6,430 99,698 SH   SOLE   81,221 0 18,477
Walter Investment Management COM 93317W102 8,778 221,994 SH   SOLE   145,586 0 76,408
Werner Enterprises Inc Com COM 950755108 24,057 1,031,159 SH   SOLE   668,786 0 362,373
Whirlpool Corp COM 963320106 6,915 47,220 SH   SOLE   38,469 0 8,751
Woodward Inc COM 980745103 37,755 924,692 SH   SOLE   606,415 0 318,277
World Acceptance COM 981419104 34,972 388,927 SH   SOLE   251,504 0 137,423
Zebra Technologies Corp COM 989207105 43,518 955,181 SH   SOLE   626,392 0 328,789
Rona Inc ORD COM 2037288 2,297 199,375 SH   SOLE   125,580 0 73,795
Sears Canada ORD COM 2787259 1,971 160,765 SH   SOLE   99,880 0 60,885
Sherritt International ORD COM B01DQL0 266 70,780 SH   SOLE   70,780 0 0
Chaoda Modern ORD COM 6313490 70 495,000 SH   SOLE   115,000 0 380,000
Gome Electric Appliances COM B01Z8S7 427 3,345,000 SH   SOLE   2,171,000 0 1,174,000
Sinotrans Limited ORD COM 6579010 139 530,000 SH   SOLE   530,000 0 0
Sinotrans Shipping ORD COM B290QS4 1,017 3,231,500 SH   SOLE   2,007,800 0 1,223,700
Alfresa Holdings Corp ORD COM 6687214 2,367 45,900 SH   SOLE   29,550 0 16,350
Central Glass ORD COM 6184306 361 109,000 SH   SOLE   42,000 0 67,000
Duskin Ltd ORD COM B1GVJ73 1,695 84,600 SH   SOLE   52,450 0 32,150
Dydo Drinco ORD COM 6374992 1,690 41,200 SH   SOLE   31,800 0 9,400
Kato Sangyo Co ORD COM 6484181 2,820 131,700 SH   SOLE   88,890 0 42,810
Keihin Corp ORD COM 6487328 1,583 98,500 SH   SOLE   63,100 0 35,400
NS Solutions ORD COM 6544687 372 18,900 SH   SOLE   18,900 0 0
Tokai Rubber ORD COM 6893914 1,672 171,800 SH   SOLE   108,100 0 63,700
Yodogawa Steel Works ORD COM 6986364 1,571 356,000 SH   SOLE   244,200 0 111,800
GS Engineering & Construction COM 6537096 1,051 30,170 SH   SOLE   16,560 0 13,610
Hyundai Mipo Dockyard ORD COM 6451066 1,378 9,435 SH   SOLE   5,504 0 3,931
KB Financial ORD COM B3DF0Y6 345 9,870 SH   SOLE   9,870 0 0
KT Corp ORD COM 6505316 991 29,610 SH   SOLE   25,075 0 4,535
Korea Electric Power Corp ORD COM 6495730 267 9,540 SH   SOLE   9,540 0 0
Woori Finance Holdings ORD COM 6534268 878 75,500 SH   SOLE   54,860 0 20,640
Aegon NV ORD COM 5927375 2,176 293,852 SH   SOLE   201,598 0 92,254
Aperam ORD COM B58C6H1 1,107 71,828 SH   SOLE   51,413 0 20,415
ArcelorMittal ORD COM 6182117 885 64,345 SH   SOLE   44,190 0 20,155
Bouygues SA ORD COM 4002121 2,831 77,524 SH   SOLE   42,690 0 34,834
Buzzi Unicem SpA RSP ORD COM 5782284 1,885 214,928 SH   SOLE   117,318 0 97,610
CIR SpA ORD COM 4162371 1,714 1,083,337 SH   SOLE   526,431 0 556,906
Ciments Francais SA ORD COM 4199540 599 8,680 SH   SOLE   4,929 0 3,751
Danieli & Co RSP ORD COM 4253372 2,119 108,351 SH   SOLE   49,100 0 59,251
Esso SA Francaise ORD COM 4320986 160 2,535 SH   SOLE   2,015 0 520
Groupe Bruxelles Lambert SA OR COM 7097328 1,590 18,685 SH   SOLE   13,050 0 5,635
Intesa Sanpaolo SpA-Rsp ORD COM 4076847 243 143,060 SH   SOLE   143,060 0 0
Italcementi SpA ORD COM 5975932 92 12,100 SH   SOLE   12,100 0 0
Italcementi SpA RSP ORD COM 5975943 847 212,203 SH   SOLE   129,313 0 82,890
Mediaset SpA ORD COM 5077946 216 53,300 SH   SOLE   53,300 0 0
Mobistar SA ORD COM 5541979 588 34,540 SH   SOLE   26,425 0 8,115
Nexans SA ORD COM 7130836 1,460 24,060 SH   SOLE   12,900 0 11,160
Nexity SA ORD COM B037JC2 1,749 48,939 SH   SOLE   28,491 0 20,448
Orange SA ORD COM 5176177 1,506 120,060 SH   SOLE   59,985 0 60,075
Postnl N.V. ORD COM 5481558 833 192,445 SH   SOLE   127,650 0 64,795
Salzgitter AG ORD COM 5465358 724 17,415 SH   SOLE   9,530 0 7,885
TNT Express NV ORD COM B3Y0JD2 381 41,706 SH   SOLE   16,156 0 25,550
Telecom Italia SpA RSP ORD COM 7634402 763 1,148,676 SH   SOLE   492,275 0 656,401
Television Francaise ORD COM 5997118 958 54,992 SH   SOLE   35,237 0 19,755
Total SA ORD COM B15C557 1,443 24,845 SH   SOLE   14,345 0 10,500
Veolia Environnement SA ORD COM 4031879 1,673 97,885 SH   SOLE   61,465 0 36,420
Clariant AG ORD COM 7113990 708 41,970 SH   SOLE   27,630 0 14,340
Swiss Life AG ORD COM 7437805 2,152 11,365 SH   SOLE   7,810 0 3,555
Swiss Re AG ORD COM 870887205 424 5,130 SH   SOLE   5,130 0 0
AstraZeneca PLC ORD COM 0989529 422 8,105 SH   SOLE   8,105 0 0
Barclays PLC ORD COM 3134865 445 103,430 SH   SOLE   103,430 0 0
Royal Bank of Scotland ORD COM B7T7721 1,937 332,341 SH   SOLE   223,547 0 108,794
Sainsbury PLC ORD COM B019KW7 3,437 542,120 SH   SOLE   340,055 0 202,065
WM Morrison PLC ORD COM 0604316 2,020 445,495 SH   SOLE   289,049 0 156,446
Fairfax Media Ltd ORD COM 6467074 265 530,028 SH   SOLE   530,028 0 0
D/S Norden ORD COM B1WP656 1,492 35,367 SH   SOLE   19,980 0 15,387
Norsk Hydro ASA ORD COM 656531605 696 167,890 SH   SOLE   108,890 0 59,000