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 7,007 118,288 SH   SOLE   104,252 0 14,036
ACTIVISION BLIZZARD INC COM 00507v109 224 5,785 SH   SOLE   2,450 0 3,335
ALTRIA GROUP INC COM 02209s103 2,362 40,570 SH   SOLE   34,956 0 5,614
AMERISAFE INC COM 03071h100 260 5,116 SH   SOLE   4,198 0 918
APPLIED INDL TECHNOLOGIES IN COM 03820c105 207 5,104 SH   SOLE   4,263 0 841
AT&T INC COM 00206r102 4,779 138,890 SH   SOLE   123,431 0 15,459
BANK AMER CORP COM 060505104 3,234 192,179 SH   SOLE   167,193 0 24,986
BLACKROCK INC COM 09247x101 3,747 11,003 SH   SOLE   9,875 0 1,128
BOEING CO COM 097023105 6,450 44,612 SH   SOLE   39,512 0 5,100
BP PLC SPONSORED ADR 055622104 1,634 52,275 SH   SOLE   43,707 0 8,568
CABOT CORP COM 127055101 229 5,607 SH   SOLE   4,632 0 975
CATHAY GEN BANCORP COM 149150104 758 24,210 SH   SOLE   24,210 0 0
CBS CORP NEW CL B 124857202 4,247 90,112 SH   SOLE   79,770 0 10,342
CHEVRON CORP NEW COM 166764100 1,531 17,022 SH   SOLE   14,341 0 2,681
CITIGROUP INC COM NEW 172967424 3,610 69,750 SH   SOLE   62,168 0 7,582
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 1,970 32,827 SH   SOLE   28,360 0 4,467
COHERENT INC COM 192479103 248 3,802 SH   SOLE   3,097 0 705
COMMUNITY HEALTH SYS INC NEW COM 203668108 2,675 100,843 SH   SOLE   88,999 0 11,844
CONNECTONE BANCORP INC NEW COM 20786w107 277 14,835 SH   SOLE   12,534 0 2,301
CVS HEALTH CORP COM 126650100 4,209 43,053 SH   SOLE   38,863 0 4,190
DAKTRONICS INC COM 234264109 1,789 205,211 SH   SOLE   173,760 0 31,451
DELPHI AUTOMOTIVE PLC SHS g27823106 5,186 60,495 SH   SOLE   54,259 0 6,236
DIGITAL RLTY TR INC COM 253868103 2,203 29,134 SH   SOLE   24,905 0 4,229
DOMTAR CORP COM NEW 257559203 1,934 52,340 SH   SOLE   44,218 0 8,122
DU PONT E I DE NEMOURS & CO COM 263534109 270 4,054 SH   SOLE   2,416 0 1,638
DYNAMIC MATLS CORP COM 267888105 107 15,238 SH   SOLE   12,422 0 2,816
EAST WEST BANCORP INC COM 27579r104 259 6,231 SH   SOLE   5,219 0 1,012
EATON CORP PLC SHS G29183103 5,746 110,414 SH   SOLE   98,295 0 12,119
EMERSON ELEC CO COM 291011104 2,083 43,548 SH   SOLE   37,157 0 6,391
EXACTECH INC COM 30064e109 316 17,425 SH   SOLE   14,626 0 2,799
EXPRESS SCRIPTS HLDG CO COM 30219g108 3,578 40,935 SH   SOLE   36,092 0 4,843
EXXON MOBIL CORP COM 30231g102 250 3,210 SH   SOLE   3,210 0 0
F5 NETWORKS INC COM 315616102 1,931 19,913 SH   SOLE   17,403 0 2,510
FEDEX CORP COM 31428x106 3,987 26,763 SH   SOLE   24,124 0 2,639
FIRST BUS FINL SVCS INC WIS COM 319390100 268 10,718 SH   SOLE   8,788 0 1,930
FIRST SOLAR INC COM 336433107 3,438 52,106 SH   SOLE   45,413 0 6,693
FLIR SYS INC COM 302445101 281 10,006 SH   SOLE   8,417 0 1,589
FORD MTR CO DEL COM PAR $0.01 345370860 6,739 478,273 SH   SOLE   422,302 0 55,971
GALLAGHER ARTHUR J & CO COM 363576109 2,862 69,901 SH   SOLE   62,201 0 7,700
GENERAL ELECTRIC CO COM 369604103 324 10,400 SH   SOLE   10,000 0 400
GENERAL MTRS CO COM 37045v100 4,048 119,023 SH   SOLE   105,478 0 13,545
GENTEX CORP COM 371901109 248 15,515 SH   SOLE   12,996 0 2,519
GENTHERM INC COM 37253a103 240 5,067 SH   SOLE   4,226 0 841
GLOBUS MED INC CL A 379577208 203 7,298 SH   SOLE   5,998 0 1,300
GOLDMAN SACHS GROUP INC COM 38141g104 2,705 15,010 SH   SOLE   13,460 0 1,550
GRAINGER W W INC COM 384802104 1,196 5,905 SH   SOLE   5,551 0 354
HERITAGE COMMERCE CORP COM 426927109 291 24,303 SH   SOLE   20,380 0 3,923
HERITAGE FINL CORP WASH COM 42722x106 274 14,554 SH   SOLE   11,913 0 2,641
HOSPITALITY PPTYS TR COM SH BEN INT 44106m102 2,171 83,038 SH   SOLE   70,952 0 12,086
II VI INC COM 902104108 269 14,482 SH   SOLE   12,097 0 2,385
INTL PAPER CO COM 460146103 4,574 121,333 SH   SOLE   107,113 0 14,220
ISHARES TR IBOXX INV CP ETF 464287242 342 3,004 SH   SOLE   2,612 0 392
ISHARES TR U.S. PFD STK ETF 464288687 3,930 101,170 SH   SOLE   86,421 0 14,749
JABIL CIRCUIT INC COM 466313103 4,404 189,108 SH   SOLE   170,148 0 18,960
JOHNSON & JOHNSON COM 478160104 4,507 43,877 SH   SOLE   38,726 0 5,151
JOHNSON CTLS INC COM 478366107 3,481 88,138 SH   SOLE   79,075 0 9,063
JPMORGAN CHASE & CO COM 46625h100 7,293 110,455 SH   SOLE   97,964 0 12,491
KELLY SVCS INC CL A 488152208 277 17,146 SH   SOLE   14,192 0 2,954
KOHLS CORP COM 500255104 5,192 109,011 SH   SOLE   97,450 0 11,561
LAKELAND BANCORP INC COM 511637100 255 21,624 SH   SOLE   18,134 0 3,490
LANDEC CORP COM 514766104 190 16,052 SH   SOLE   13,091 0 2,961
LANNET INC COM 516012101 273 6,813 SH   SOLE   5,690 0 1,123
MATRIX SVC CO COM 576853105 202 9,830 SH   SOLE   8,192 0 1,638
MCKESSON CORP COM 58155q103 2,311 11,717 SH   SOLE   10,183 0 1,534
METHODE ELECTRS INC COM 591520200 206 6,472 SH   SOLE   5,294 0 1,178
MICROSOFT CORP COM 594918104 2,557 46,088 SH   SOLE   39,670 0 6,418
MODINE MFG CO COM 607828100 151 16,665 SH   SOLE   13,581 0 3,084
MYLAN N V SHS EURO n59465109 2,974 55,007 SH   SOLE   47,704 0 7,303
NORDSTROM INC COM 655664100 2,443 49,039 SH   SOLE   44,781 0 4,258
NORWEGIAN CRUISE LINE HLDGS SHS g66721104 2,977 50,796 SH   SOLE   44,162 0 6,634
ORACLE CORP COM 68389x105 3,470 94,984 SH   SOLE   85,213 0 9,771
PACWEST BANCORP DEL COM 695263103 212 4,917 SH   SOLE   4,024 0 893
PHOTRONICS INC COM 719405102 273 21,927 SH   SOLE   18,337 0 3,590
POLARIS INDS INC COM 731068102 3,172 36,908 SH   SOLE   33,616 0 3,292
PRA GROUP INC COM 69354n106 230 6,625 SH   SOLE   5,409 0 1,216
PROCTER & GAMBLE CO COM 742718109 4,461 56,172 SH   SOLE   49,763 0 6,409
PRUDENTIAL FINL INC COM 744320102 7,228 88,791 SH   SOLE   78,473 0 10,318
QUALCOMM INC COM 747525103 5,811 116,258 SH   SOLE   101,695 0 14,563
RLJ LODGING TR COM 74965L101 2,759 127,551 SH   SOLE   112,365 0 15,186
ROFIN SINAR TECHNOLOGIES INC COM 775043102 244 9,106 SH   SOLE   7,484 0 1,622
RYDER SYS INC COM 783549108 6,463 113,726 SH   SOLE   102,021 0 11,705
SCANSOURCE INC COM 806037107 207 6,411 SH   SOLE   5,262 0 1,149
SERVICE CORP INTL COM 817565104 240 9,234 SH   SOLE   7,816 0 1,418
SKYWORKS SOLUTIONS INC COM 83088m102 1,914 24,906 SH   SOLE   21,632 0 3,274
SOUTHWEST AIRLS CO COM 844741108 3,096 71,911 SH   SOLE   62,790 0 9,121
SPDR S&P 500 ETF TR TR UNIT 78462f103 990 4,858 SH   SOLE   4,858 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464a417 3,357 99,012 SH   SOLE   86,587 0 12,425
STAPLES INC COM 855030102 3,814 402,741 SH   SOLE   359,784 0 42,957
STEEL DYNAMICS INC COM 858119100 5,187 290,254 SH   SOLE   257,268 0 32,986
STEELCASE INC CL A 858155203 1,328 89,099 SH   SOLE   81,891 0 7,208
SUPER MICRO COMPUTER INC COM 86800u104 225 9,198 SH   SOLE   7,504 0 1,694
SWIFT TRANSN CO CL A 87074u101 1,898 137,324 SH   SOLE   122,783 0 14,541
TARGET CORP COM 87612e106 3,388 46,656 SH   SOLE   41,074 0 5,582
TE CONNECTIVITY LTD REG SHS h84989104 4,180 64,696 SH   SOLE   58,215 0 6,481
THOR INDS INC COM 885160101 2,027 36,093 SH   SOLE   33,617 0 2,476
TIMKEN CO COM 887389104 1,807 63,209 SH   SOLE   53,633 0 9,576
TRINITY INDS INC COM 896522109 3,637 151,406 SH   SOLE   136,610 0 14,796
TYSON FOODS INC CL A 902494103 242 4,544 SH   SOLE   2,784 0 1,760
UMPQUA HLDGS CORP COM 904214103 4,525 284,566 SH   SOLE   252,555 0 32,011
UNION PAC CORP COM 907818108 2,807 35,890 SH   SOLE   31,951 0 3,939
UNITED PARCEL SERVICE INC CL B 911312106 1,963 20,395 SH   SOLE   17,562 0 2,833
UNITED RENTALS INC COM 911363109 2,252 31,050 SH   SOLE   27,492 0 3,558
UNITEDHEALTH GROUP INC COM 91324p102 5,546 47,147 SH   SOLE   42,589 0 4,558
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206c870 724 8,613 SH   SOLE   7,885 0 728
VERIZON COMMUNICATIONS INC COM 92343v104 4,426 95,753 SH   SOLE   84,669 0 11,084
VISHAY INTERTECHNOLOGY INC COM 928298108 303 25,167 SH   SOLE   21,061 0 4,106
WELLTOWER INC COM 95040q104 2,117 31,117 SH   SOLE   26,671 0 4,446
WESTERN DIGITAL CORP COM 958102105 2,397 39,913 SH   SOLE   36,294 0 3,619
WHIRLPOOL CORP COM 963320106 4,067 27,691 SH   SOLE   24,753 0 2,938