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 7,654 217,692 SH   SOLE   51,745 0 165,947
AbbVie Inc COM 00287y109 13,376 253,279 SH   SOLE   39,220 0 214,059
Acco Brands Corp COM 00081T108 21,466 3,194,326 SH   SOLE   2,066,008 0 1,128,318
Aegion Corp COM 00770F104 10,484 478,949 SH   SOLE   310,509 0 168,440
Aetna COM 00817Y108 13,907 202,760 SH   SOLE   33,399 0 169,361
Air Transport Services Group I COM 00922R105 22,036 2,723,904 SH   SOLE   1,768,614 0 955,290
Allstate Corp COM 020002101 7,436 136,341 SH   SOLE   32,044 0 104,297
American Equity Invt Lifehldg COM 025676206 19,751 748,695 SH   SOLE   484,735 0 263,960
American Intl Group Inc Com COM 026874784 14,687 287,701 SH   SOLE   48,949 0 238,752
American Software Inc COM 029683109 23,060 2,336,364 SH   SOLE   1,509,944 0 826,420
Amsurg COM 03232P405 37,580 818,386 SH   SOLE   529,703 0 288,683
Anixter International Inc COM 035290105 29,744 331,078 SH   SOLE   213,076 0 118,002
Apple Computer Inc COM 037833100 15,340 27,343 SH   SOLE   4,255 0 23,088
Ares Cap Corp Com COM 04010L103 70,196 3,950,231 SH   SOLE   2,555,436 0 1,394,795
Argo Group Intl ORD COM 2499543 505 10,857 SH   SOLE   10,857 0 0
Ascena Retail Group Inc COM 04351G101 47,568 2,248,028 SH   SOLE   1,459,962 0 788,066
Atmos Energy Corp COM 049560105 29,506 649,630 SH   SOLE   421,969 0 227,661
Atwood Oceanic Inc COM 050095108 37,843 708,805 SH   SOLE   396,317 0 312,488
BBCN Bancorp Inc COM 073295107 42,013 2,532,410 SH   SOLE   1,644,956 0 887,454
Baker Hughes Inc COM 057224107 6,759 122,319 SH   SOLE   29,105 0 93,214
Banco Do Brasil SA ADR COM 059578104 433 41,658 SH   SOLE   41,658 0 0
BancorpSouth Inc. COM 059692103 5,055 198,858 SH   SOLE   129,148 0 69,710
Bank Of Hawaii Corp COM 062540109 16,518 279,309 SH   SOLE   181,391 0 97,918
Bank of America Corp COM 060505104 14,137 907,977 SH   SOLE   216,281 0 691,696
Black Box Corp Del Com COM 091826107 33,118 1,111,354 SH   SOLE   716,194 0 395,160
Blackstone Group LP COM 09253U108 13,891 440,987 SH   SOLE   62,403 0 378,584
Brady Corp COM 104674106 1,275 41,223 SH   SOLE   21,633 0 19,590
CACI Intl COM 127190304 44,551 608,458 SH   SOLE   393,466 0 214,992
Cash America Int'l COM 14754D100 808 21,097 SH   SOLE   11,071 0 10,026
Cbiz COM 124805102 34,818 3,817,777 SH   SOLE   2,468,646 0 1,349,131
Chevron Corporation Com COM 166764100 15,825 126,694 SH   SOLE   30,500 0 96,194
Cincinnati Bell Inc COM 171871106 370 103,827 SH   SOLE   54,460 0 49,367
Cirrus Logic Inc COM 172755100 626 30,641 SH   SOLE   16,081 0 14,560
Cisco Systems Inc COM 17275R102 7,574 337,692 SH   SOLE   80,386 0 257,306
Citigroup Inc Com COM 172967424 16,352 313,794 SH   SOLE   58,201 0 255,593
ConocoPhillips Com COM 20825C104 11,385 161,148 SH   SOLE   38,927 0 122,221
Cts COM 126501105 22,501 1,130,123 SH   SOLE   734,403 0 395,720
Deluxe Corp COM 248019101 56,937 1,090,949 SH   SOLE   705,457 0 385,492
Diebold Inc COM 253651103 16,927 512,780 SH   SOLE   330,967 0 181,813
Du Pont Ei De Nem COM 263534109 10,306 158,622 SH   SOLE   37,739 0 120,883
Duke Energy Corp New Com COM 26441C204 11,984 173,657 SH   SOLE   41,625 0 132,032
East West Bancorp COM 27579R104 53,846 1,539,770 SH   SOLE   997,364 0 542,406
Eaton Corporation COM g29183103 16,647 218,693 SH   SOLE   38,075 0 180,618
Empire District Electric Co COM 291641108 25,833 1,138,535 SH   SOLE   736,940 0 401,595
Enersys COM 29275Y102 38,907 555,095 SH   SOLE   359,325 0 195,770
Ennis COM 293389102 16,932 956,588 SH   SOLE   611,066 0 345,522
Ensco International Inc COM G3157S106 6,571 114,924 SH   SOLE   27,344 0 87,580
F N B Corp Pa Com COM 302520101 32,968 2,612,373 SH   SOLE   1,681,322 0 931,051
FBL Financial Group COM 30239F106 7,529 168,089 SH   SOLE   109,823 0 58,266
FTI Consulting Inc Com COM 302941109 34,315 834,101 SH   SOLE   541,711 0 292,390
Fedex Corp Com COM 31428X106 20,084 139,696 SH   SOLE   24,205 0 115,491
Fifth Street Finance COM 31678A103 15,394 1,664,165 SH   SOLE   1,068,042 0 596,123
Finish Line Inc. COM 317923100 20,366 722,976 SH   SOLE   464,690 0 258,286
First Niagara Financial Group COM 33582V108 44,600 4,199,657 SH   SOLE   2,718,519 0 1,481,138
First Potomac REIT COM 33610F109 23,322 2,005,305 SH   SOLE   1,292,099 0 713,206
FirstMerit Corp COM 337915102 48,988 2,203,684 SH   SOLE   1,431,554 0 772,130
Franklin Electric COM 353514102 17,161 384,442 SH   SOLE   249,658 0 134,784
General Elec Co Com COM 369604103 18,189 648,915 SH   SOLE   118,432 0 530,483
Genesco COM 371532102 49,154 672,786 SH   SOLE   408,979 0 263,807
Gentex COM 371901109 881 26,727 SH   SOLE   14,027 0 12,700
Glatfelter COM 377316104 10,852 392,620 SH   SOLE   255,008 0 137,612
Graftech Intl COM 384313102 29,323 2,611,097 SH   SOLE   1,695,895 0 915,202
Greif Inc COM 397624107 30,622 584,380 SH   SOLE   378,747 0 205,633
Gulfmark Offshore inc COM 402629208 19,386 411,331 SH   SOLE   266,081 0 145,250
HCC Insurance Hldgs Inc Com COM 404132102 37,777 818,758 SH   SOLE   530,717 0 288,041
Haemonetics Corp COM 405024100 844 20,037 SH   SOLE   10,515 0 9,522
Hancock Hldg COM 410120109 31,530 859,586 SH   SOLE   558,142 0 301,444
Hanover Insurance Group COM 410867105 30,272 506,983 SH   SOLE   328,938 0 178,045
Harman Intl COM 413086109 43,713 534,061 SH   SOLE   345,068 0 188,993
Hersha Hosp Trust COM 427825104 48,787 8,758,824 SH   SOLE   5,660,230 0 3,098,594
Hill Rom Holdings COM 431475102 48,877 1,182,307 SH   SOLE   763,697 0 418,610
Iconix Brand Group Inc COM 451055107 43,647 1,099,428 SH   SOLE   714,030 0 385,398
Ingram Micro Inc COM 457153104 39,627 1,689,122 SH   SOLE   836,283 0 852,839
Integrated Silicon Solution In COM 45812P107 16,883 1,396,474 SH   SOLE   897,609 0 498,865
JPMorgan Chase & Co Com COM 46625H100 12,813 219,099 SH   SOLE   52,570 0 166,529
Janus Capital Group Inc COM 47102X105 27,662 2,236,206 SH   SOLE   1,449,332 0 786,874
Johnson & Johnson Com COM 478160104 15,661 170,994 SH   SOLE   40,594 0 130,400
Johnson Controls Inc COM 478366107 16,034 312,549 SH   SOLE   48,097 0 264,452
Jos. A Bank Clothiers Inc COM 480838101 16,635 303,722 SH   SOLE   197,255 0 106,467
KT Corp ADR COM 48268K101 887 59,626 SH   SOLE   38,143 0 21,483
Kaiser Aluminum COM 483007704 50,284 715,883 SH   SOLE   464,959 0 250,924
Kindred Healthcare Inc COM 494580103 41,572 2,105,982 SH   SOLE   1,363,967 0 742,015
Kodiak Oil & Gas COM 50015Q100 10,349 923,200 SH   SOLE   589,668 0 333,532
Korn/Ferry International COM 500643200 46,219 1,769,484 SH   SOLE   1,145,072 0 624,412
Kroger Co Com COM 501044101 8,105 205,043 SH   SOLE   48,911 0 156,132
Kulicke & Soffa Ind COM 501242101 723 54,371 SH   SOLE   28,524 0 25,847
LMI Aerospace Inc COM 502079106 314 21,311 SH   SOLE   11,185 0 10,126
LTC Properties Inc COM 502175102 1,162 32,830 SH   SOLE   17,228 0 15,602
Lasalle Hotel Pptys COM 517942108 51,086 1,655,415 SH   SOLE   1,074,999 0 580,416
Leapfrog Enterprises Inc COM 52186N106 25,163 3,169,085 SH   SOLE   2,060,571 0 1,108,514
Lexmark Int'l Group Inc COM 529771107 854 24,029 SH   SOLE   12,611 0 11,418
Lincoln Natl Corp Ind Com COM 534187109 8,277 160,353 SH   SOLE   44,384 0 115,969
Lukoil OAO ADR COM 677862104 427 6,760 SH   SOLE   6,760 0 0
Medical Properties COM 58463J304 35,176 2,878,540 SH   SOLE   1,859,387 0 1,019,153
Medifast Inc COM 58470H101 370 14,152 SH   SOLE   7,426 0 6,726
Metlife Inc COM 59156R108 17,095 317,048 SH   SOLE   61,735 0 255,313
Morgan Stanley COM 617446448 10,776 343,636 SH   SOLE   90,182 0 253,454
Neenah Paper Inc COM 640079109 1,206 28,197 SH   SOLE   14,799 0 13,398
New Mountain Finance Corporati COM 647551100 14,748 980,615 SH   SOLE   650,811 0 329,804
Nextera Energy COM 65339F101 6,111 71,371 SH   SOLE   17,250 0 54,121
Noble Affiliates Inc COM 655044105 12,565 184,477 SH   SOLE   43,890 0 140,587
Northwestern COM 668074305 484 11,181 SH   SOLE   5,857 0 5,324
Nu Skin Enterprises COM 67018T105 54,678 395,590 SH   SOLE   246,466 0 149,124
Oi SA ADR COM 670851203 75 46,894 SH   SOLE   46,894 0 0
Omega Healthcare Inv COM 681936100 31,809 1,067,430 SH   SOLE   688,183 0 379,247
Oplink Communications Inc COM 68375Q403 32,664 1,756,118 SH   SOLE   1,135,877 0 620,241
Oracle Corporation Com COM 68389X105 8,840 231,045 SH   SOLE   55,003 0 176,042
Park Electrochemical Corp Com COM 700416209 29,705 1,034,295 SH   SOLE   667,730 0 366,565
Partner Communications ADR COM 70211M109 290 30,865 SH   SOLE   30,865 0 0
Pery Ellis Intl COM 288853104 575 36,404 SH   SOLE   19,106 0 17,298
Petroleo Brasileiro ADR COM 71654V101 431 29,335 SH   SOLE   29,335 0 0
Pfizer Inc COM 717081103 12,319 402,175 SH   SOLE   95,457 0 306,718
Pitney Bowes Inc COM 724479100 275 11,790 SH   SOLE   6,185 0 5,605
Plantronics Inc COM 727493108 13,204 284,254 SH   SOLE   184,661 0 99,593
Plexus Corp COM 729132100 13,749 317,594 SH   SOLE   205,955 0 111,639
Portland General Ele COM 736508847 59,045 1,955,126 SH   SOLE   1,269,295 0 685,831
QLogic Corp COM 747277101 16,206 1,369,923 SH   SOLE   884,278 0 485,645
RPM International Inc COM 749685103 16,904 407,216 SH   SOLE   264,161 0 143,055
Ramco-Gershenson Properties COM 751452202 19,495 1,238,574 SH   SOLE   825,069 0 413,505
Regal Beloit Corp COM 758750103 1,014 13,750 SH   SOLE   7,216 0 6,534
Rent-A-Center Inc New Com COM 76009N100 54,647 1,639,069 SH   SOLE   1,004,556 0 634,513
Rosetta Resources Inc COM 777779307 8,360 174,023 SH   SOLE   112,849 0 61,174
Ruth's Hospitality Group COM 783332109 14,906 1,048,971 SH   SOLE   681,332 0 367,639
Scansource Inc COM 806037107 32,562 767,420 SH   SOLE   498,271 0 269,149
Select Comfort Corporation COM 81616X103 46,815 2,219,782 SH   SOLE   1,450,673 0 769,109
Sensient Tech COM 81725T100 10,210 210,431 SH   SOLE   136,743 0 73,688
Skywest COM 830879102 12,528 844,792 SH   SOLE   544,350 0 300,442
Sonic Automotive Inc. COM 83545G102 55,082 2,250,069 SH   SOLE   1,454,371 0 795,698
Sonoco Products COM 835495102 25,816 618,794 SH   SOLE   400,960 0 217,834
Spartan Stores COM 846822104 26,146 1,076,846 SH   SOLE   696,078 0 380,768
State Street Corp COM 857477103 7,885 107,435 SH   SOLE   28,861 0 78,574
Steris Corporation COM 859152100 1,094 22,771 SH   SOLE   11,951 0 10,820
Stewart Information Services COM 860372101 24,153 748,456 SH   SOLE   486,104 0 262,352
Stifel Financial Corp COM 860630102 30,030 626,675 SH   SOLE   407,044 0 219,631
Stone Energy COM 861642106 8,318 240,461 SH   SOLE   156,245 0 84,216
Symmetry Medical COM 871546206 22,242 2,206,540 SH   SOLE   1,431,841 0 774,699
Telecom Italia SpA ADR COM 87927Y102 152 15,250 SH   SOLE   15,250 0 0
Teradyne Inc COM 880770102 29,701 1,685,646 SH   SOLE   1,092,466 0 593,180
Tetra Tech COM 88162G103 27,370 978,205 SH   SOLE   630,904 0 347,301
Thor Industries Inc COM 885160101 31,975 578,949 SH   SOLE   374,371 0 204,578
Tidewater COM 886423102 50,513 852,258 SH   SOLE   551,722 0 300,536
Tower Group International Ltd COM g8988c105 1,712 506,522 SH   SOLE   320,273 0 186,249
Trustmark Corp COM 898402102 21,002 782,486 SH   SOLE   506,360 0 276,126
URS Corp COM 903236107 1,027 19,375 SH   SOLE   10,185 0 9,190
UTi Worldwide Inc COM G87210103 4,056 230,995 SH   SOLE   178,595 0 52,400
VCA Antech Inc COM 918194101 261 8,335 SH   SOLE   4,374 0 3,961
Validus Holdings COM G9319H102 33,342 827,543 SH   SOLE   528,630 0 298,913
Vishay Intertechnology Inc COM 928298108 16,781 1,265,570 SH   SOLE   811,749 0 453,821
Waddell & Reed Finl Inc Cl A COM 930059100 17,046 261,760 SH   SOLE   170,036 0 91,724
Walgreen Company COM 931422109 11,938 207,838 SH   SOLE   49,343 0 158,495
Walt Disney Company Inc COM 254687106 7,541 98,704 SH   SOLE   23,421 0 75,283
Walter Investment Management COM 93317W102 19,161 541,892 SH   SOLE   351,928 0 189,964
Wellcare Healthcare Plans Inc COM 94946T106 20,356 289,070 SH   SOLE   187,121 0 101,949
Werner Enterprises Inc Com COM 950755108 25,222 1,019,902 SH   SOLE   658,954 0 360,948
Whirlpool Corp COM 963320106 7,333 46,747 SH   SOLE   11,092 0 35,655
Woodward Inc COM 980745103 44,529 976,290 SH   SOLE   634,069 0 342,221
World Acceptance COM 981419104 39,192 447,754 SH   SOLE   289,300 0 158,454
Zebra Technologies Corp COM 989207105 50,551 934,750 SH   SOLE   607,222 0 327,528
Rona Inc ORD COM 2037288 6,688 537,945 SH   SOLE   419,450 0 118,495
Sherritt International ORD COM 2804158 246 70,780 SH   SOLE   70,780 0 0
Chaoda Modern ORD COM 6313490 70 495,000 SH   SOLE   115,000 0 380,000
China Dongxiang ORD COM B282142 161 947,000 SH   SOLE   947,000 0 0
Sinotrans Shipping ORD COM B290QS4 3,302 9,046,500 SH   SOLE   6,902,800 0 2,143,700
Alfresa Holdings Corp ORD COM 6687214 7,157 144,100 SH   SOLE   111,850 0 32,250
Central Glass ORD COM 6184306 1,379 414,000 SH   SOLE   296,000 0 118,000
Duskin Ltd ORD COM B1GVJ73 4,377 230,700 SH   SOLE   174,650 0 56,050
Dydo Drinco ORD COM 6374992 4,919 117,100 SH   SOLE   90,450 0 26,650
Kato Sangyo Co ORD COM 6484181 6,885 376,900 SH   SOLE   286,690 0 90,210
Keihin Corp ORD COM 6487328 4,742 305,800 SH   SOLE   228,800 0 77,000
Tokai Rubber ORD COM 6893914 5,196 531,200 SH   SOLE   401,600 0 129,600
Toyo Engineering ORD COM B02MHK2 1,934 475,000 SH   SOLE   375,000 0 100,000
Yodogawa Steel Works ORD COM 6986364 3,142 729,000 SH   SOLE   535,200 0 193,800
GS Engineering & Construction COM 6537096 3,574 123,650 SH   SOLE   91,610 0 32,040
KB Financial ORD COM B3DF0Y6 395 9,870 SH   SOLE   9,870 0 0
KT Corp ORD COM 6505316 4,138 138,420 SH   SOLE   109,995 0 28,425
Korea Electric Power Corp ORD COM B2932F2 314 9,540 SH   SOLE   9,540 0 0
Woori Finance Holdings ORD COM 6534268 2,102 166,760 SH   SOLE   130,590 0 36,170
Grupo Simec SAB-B ORD COM 2375546 995 239,255 SH   SOLE   163,055 0 76,200
Aegon NV ORD COM 5927375 6,068 641,704 SH   SOLE   504,418 0 137,286
Aperam ORD COM B58C6H1 3,148 170,146 SH   SOLE   134,633 0 35,513
ArcelorMittal ORD COM B03XPL1 2,847 159,323 SH   SOLE   123,725 0 35,598
Bouygues SA ORD COM 4002121 9,236 244,438 SH   SOLE   183,723 0 60,715
Buzzi Unicem SpA RSP ORD COM 5782284 6,461 661,331 SH   SOLE   491,426 0 169,905
CIR SpA ORD COM 4162371 5,661 3,594,596 SH   SOLE   2,627,405 0 967,191
Ciments Francais SA ORD COM 4199540 2,009 26,366 SH   SOLE   19,909 0 6,457
Commerzbank ORD COM B90LKT4 1,194 74,005 SH   SOLE   57,905 0 16,100
Danieli & Co RSP ORD COM 4253372 8,362 373,442 SH   SOLE   267,130 0 106,312
Finmeccanica SPA ORDS COM B0DJNG0 1,051 138,573 SH   SOLE   102,523 0 36,050
Groupe Bruxelles Lambert SA OR COM 7097328 4,777 51,952 SH   SOLE   42,105 0 9,847
Intesa Sanpaolo SpA-Rsp ORD COM 4076847 288 143,060 SH   SOLE   143,060 0 0
Italcementi SpA ORD COM 5975932 104 12,100 SH   SOLE   12,100 0 0
Italcementi SpA RSP ORD COM 5975943 2,755 584,669 SH   SOLE   438,839 0 145,830
Mediaset SpA ORD COM 5077946 2,675 563,395 SH   SOLE   401,380 0 162,015
Mobistar SA ORD COM 5541979 322 16,945 SH   SOLE   16,945 0 0
Nexans SA ORD COM 7130836 4,836 95,298 SH   SOLE   72,205 0 23,093
Nexity SA ORD COM B037JC2 7,768 205,655 SH   SOLE   157,169 0 48,486
Orange SA ORD COM 5176177 219 17,645 SH   SOLE   17,645 0 0
Salzgitter AG ORD COM 5465358 2,857 66,878 SH   SOLE   51,600 0 15,278
TNT Express NV ORD COM B3Y0JD2 3,595 386,657 SH   SOLE   287,116 0 99,541
Telecom Italia SpA RSP ORD COM 7634402 3,223 4,111,296 SH   SOLE   2,957,085 0 1,154,211
Total SA ORD COM 7747162 2,076 33,838 SH   SOLE   19,570 0 14,268
Veolia Environnement SA ORD COM 4031879 4,439 271,723 SH   SOLE   207,550 0 64,173
Clariant AG ORD COM 7113990 2,668 145,461 SH   SOLE   106,710 0 38,751
Swiss Life AG ORD COM 7437805 5,745 27,589 SH   SOLE   21,355 0 6,234
Swiss Re AG ORD COM B545MG5 473 5,130 SH   SOLE   5,130 0 0
AstraZeneca PLC ORD COM 0989529 480 8,105 SH   SOLE   8,105 0 0
Barclays PLC ORD COM 3134865 466 103,430 SH   SOLE   103,430 0 0
Royal Bank of Scotland ORD COM B7T7721 3,235 577,696 SH   SOLE   460,232 0 117,464
Sainsbury PLC ORD COM B019KW7 9,025 1,492,813 SH   SOLE   1,145,450 0 347,363
WM Morrison PLC ORD COM 0604316 7,775 1,798,543 SH   SOLE   1,389,429 0 409,114
Fairfax Media Ltd ORD COM 6467074 303 530,028 SH   SOLE   530,028 0 0
Oz Minerals Ltd COM 6397825 4,866 1,726,752 SH   SOLE   1,320,897 0 405,855
D/S Norden ORD COM B1WP656 5,381 102,221 SH   SOLE   77,990 0 24,231
Norsk Hydro ASA ORD COM B11HK39 2,172 486,750 SH   SOLE   367,785 0 118,965