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
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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
AETNA Inc. COM 00817y108 957 5,308 SH   SOLE   5,308 0 0
AFLAC Inc. COM 001055102 7,544 85,945 SH   SOLE   85,945 0 0
AGCO Corp COM 001084102 379 5,305 SH   SOLE   5,305 0 0
AT & T, Inc. New COM 00206r102 1,143 29,406 SH   SOLE   29,406 0 0
AbbVie, Inc. COM 00287y109 2,198 22,725 SH   SOLE   22,725 0 0
Abbott Laboratories COM 002824100 5,957 104,386 SH   SOLE   104,386 0 0
Alaska Air Group Inc. COM 011659109 428 5,825 SH   SOLE   5,825 0 0
Alliance One International COM 018772301 216 16,285 SH   SOLE   16,285 0 0
Alphabet, Inc Non-Voting Class COM 02079k107 225 215 SH   SOLE   215 0 0
Alphabet, Inc Voting Class COM 02079k305 688 653 SH   SOLE   653 0 0
Altria Group Inc. COM 02209s103 10,473 146,654 SH   SOLE   146,654 0 0
American Express Co. COM 025816109 779 7,843 SH   SOLE   7,843 0 0
American International Group COM 026874784 6,121 102,736 SH   SOLE   102,736 0 0
Ameriprise Financial Inc. COM 03076c106 423 2,498 SH   SOLE   2,498 0 0
Amgen Inc. COM 031162100 581 3,340 SH   SOLE   3,340 0 0
Anthem, Inc. COM 036752103 11,182 49,694 SH   SOLE   49,694 0 0
Apache Corp COM 037411105 307 7,265 SH   SOLE   7,265 0 0
Apple Computer Inc. COM 037833100 1,312 7,755 SH   SOLE   7,755 0 0
Automatic Data Processing COM 053015103 1,201 10,252 SH   SOLE   10,252 0 0
Bank of America Corp COM 060505104 10,376 351,497 SH   SOLE   351,497 0 0
Bank of New York Mellon Corp COM 064058100 15,713 291,729 SH   SOLE   291,729 0 0
Becton Dickinson & Co COM 075887109 5,389 25,175 SH   SOLE   25,175 0 0
Berkshire Hathaway Inc. Class COM 084670108 298 1 SH   SOLE   1 0 0
Berkshire Hathaway Inc. Class COM 084670702 4,560 23,005 SH   SOLE   23,005 0 0
Biogen Inc. COM 09062x103 8,969 28,155 SH   SOLE   28,155 0 0
Biovertativ Inv. COM 09075e100 1,303 24,172 SH   SOLE   24,172 0 0
Boeing Company COM 097023105 3,669 12,442 SH   SOLE   12,442 0 0
Bristol Myers Squibb Co. COM 110122108 392 6,393 SH   SOLE   6,393 0 0
CDK Global, Inc. COM 12508e101 302 4,240 SH   SOLE   4,240 0 0
CVS Health Corp. COM 126650100 5,029 69,359 SH   SOLE   69,359 0 0
Celanese Corp COM 150870103 3,247 30,325 SH   SOLE   30,325 0 0
Central Pacific Financial Co COM 154760409 3,102 103,997 SH   SOLE   103,997 0 0
CenturyLink Inc. COM 156700106 927 55,600 SH   SOLE   55,600 0 0
Cerner Corporation COM 156782104 6,456 95,805 SH   SOLE   95,805 0 0
Chevron Corp. COM 166764100 3,268 26,101 SH   SOLE   26,101 0 0
Cisco Sys Inc. COM 17275R102 2,846 74,298 SH   SOLE   74,298 0 0
Citigroup Inc. COM 172967424 5,880 79,020 SH   SOLE   79,020 0 0
Coca-Cola Company COM 191216100 6,089 132,725 SH   SOLE   132,725 0 0
Cognizant Technology Solutions COM 192446102 2,665 37,523 SH   SOLE   37,523 0 0
Comcast Corp Cl A COM 20030n101 4,425 110,483 SH   SOLE   110,483 0 0
Compass Minerals Intl. COM 20451n101 344 4,765 SH   SOLE   4,765 0 0
ConAgra Foods Inc. COM 205887102 2,524 66,990 SH   SOLE   66,990 0 0
ConocoPhillips COM 20825c104 1,816 33,090 SH   SOLE   33,090 0 0
Corning Inc COM 219350105 7,241 226,351 SH   SOLE   226,351 0 0
Costco Wholesale Corp COM 22160k105 1,912 10,276 SH   SOLE   10,276 0 0
Delta Airlines - New COM 247361702 766 13,670 SH   SOLE   13,670 0 0
Discovery Communications Serie COM 25470f104 4,706 210,260 SH   SOLE   210,260 0 0
DowDuPont Inc. COM 26078j100 12,444 174,726 SH   SOLE   174,726 0 0
Dr. Pepper Snapple Group COM 26138e109 6,399 65,933 SH   SOLE   65,933 0 0
Dunkin Brands Group, Inc. COM 265504100 316 4,900 SH   SOLE   4,900 0 0
Express Scripts Inc. COM 30219g108 6,335 84,874 SH   SOLE   84,874 0 0
Exxon Mobil Corp COM 30231G102 1,232 14,729 SH   SOLE   14,729 0 0
Franklin Resources Inc. COM 354613101 6,076 140,223 SH   SOLE   140,223 0 0
GAMCO Investors Inc. COM 361438104 236 7,950 SH   SOLE   7,950 0 0
General Electric Co. COM 369604103 328 18,773 SH   SOLE   18,773 0 0
General Mills COM 370334104 404 6,816 SH   SOLE   6,816 0 0
General Motors Company COM 37045v100 1,441 35,167 SH   SOLE   35,167 0 0
Gilead Sciences Inc. COM 375558103 593 8,280 SH   SOLE   8,280 0 0
Granite Construction Inc. COM 387328107 235 3,700 SH   SOLE   3,700 0 0
H & R Block Inc. COM 093671105 3,216 122,652 SH   SOLE   122,652 0 0
HP Inc. COM 40434L105 310 14,776 SH   SOLE   14,776 0 0
Hewlett Packard Enterprise Co. COM 42824c109 220 15,321 SH   SOLE   15,321 0 0
Home Depot Inc. COM 437076102 5,268 27,796 SH   SOLE   27,796 0 0
Intel Corp. COM 458140100 1,417 30,707 SH   SOLE   30,707 0 0
Interpublic Group COM 460690100 323 16,038 SH   SOLE   16,038 0 0
IsoRay, Inc. COM 46489v104 6 14,218 SH   SOLE   14,218 0 0
J.M. Smucker Co. COM 832696405 1,584 12,750 SH   SOLE   12,750 0 0
Johnson & Johnson COM 478160104 14,036 100,455 SH   SOLE   100,455 0 0
Kelly Services,Inc. COM 488152208 734 26,928 SH   SOLE   26,928 0 0
Kroger Co. COM 501044101 10,986 400,213 SH   SOLE   400,213 0 0
Laboratory Corp. of America COM 50540r409 279 1,750 SH   SOLE   1,750 0 0
Lamb Weston Holdings COM 513272104 1,954 34,622 SH   SOLE   34,622 0 0
Legg Mason Inc. COM 524901105 862 20,545 SH   SOLE   20,545 0 0
Lincoln Educational COM 533535100 468 231,857 SH   SOLE   231,857 0 0
Lowes Companies COM 548661107 3,385 36,420 SH   SOLE   36,420 0 0
Manitex Intl COM 563420108 1,941 202,181 SH   SOLE   202,181 0 0
ManpowerGroup Inc. COM 56418h100 675 5,350 SH   SOLE   5,350 0 0
Marsh & McLennan Co. COM 571748102 3,356 41,237 SH   SOLE   41,237 0 0
Mastercard Inc. COM 57636q104 9,121 60,260 SH   SOLE   60,260 0 0
McDonalds Corp COM 580135101 2,470 14,350 SH   SOLE   14,350 0 0
Merck & Co.Inc. New COM 58933y105 9,032 160,503 SH   SOLE   160,503 0 0
Microsoft Corp. COM 594918104 13,693 160,074 SH   SOLE   160,074 0 0
Molson Coors Brewing Co COM 60871r209 8,904 108,489 SH   SOLE   108,489 0 0
Mondelez International, Inc. COM 609207105 1,753 40,960 SH   SOLE   40,960 0 0
Monster Beverage Corp. COM 61174x109 2,234 35,300 SH   SOLE   35,300 0 0
Nike Inc Class B COM 654106103 1,270 20,300 SH   SOLE   20,300 0 0
Oracle Corp COM 68389X105 5,593 118,287 SH   SOLE   118,287 0 0
Paychex Inc. COM 704326107 3,134 46,035 SH   SOLE   46,035 0 0
Pepsico Inc. COM 713448108 14,561 121,424 SH   SOLE   121,424 0 0
Pfizer Inc. COM 717081103 2,848 78,618 SH   SOLE   78,618 0 0
Philip Morris International COM 718172109 21,556 204,028 SH   SOLE   204,028 0 0
Phillips 66 COM 718546104 1,742 17,226 SH   SOLE   17,226 0 0
Procter & Gamble Co. COM 742718109 3,818 41,553 SH   SOLE   41,553 0 0
Quest Diagnostics Inc. COM 74834L100 4,195 42,595 SH   SOLE   42,595 0 0
Raytheon Company COM 755111507 2,536 13,500 SH   SOLE   13,500 0 0
Sally Beauty Holdings Inc. COM 79546e104 790 42,085 SH   SOLE   42,085 0 0
Starbucks Corp COM 855244109 629 10,954 SH   SOLE   10,954 0 0
Tapestry Inc. COM 876030107 663 14,995 SH   SOLE   14,995 0 0
The Kraft Heinz Company COM 500754106 1,033 13,289 SH   SOLE   13,289 0 0
The Mosaic Company COM 61945c103 2,241 87,331 SH   SOLE   87,331 0 0
The Travelers Companies Inc. COM 89417e109 9,719 71,656 SH   SOLE   71,656 0 0
Twenty-First Century Fox Cl A COM 90130a101 2,500 72,398 SH   SOLE   72,398 0 0
US Bancorp Delaware New COM 902973304 625 11,660 SH   SOLE   11,660 0 0
Union Pacific Corp COM 907818108 1,533 11,434 SH   SOLE   11,434 0 0
United Parcel Service Inc. COM 911312106 1,572 13,194 SH   SOLE   13,194 0 0
UnitedHealth Group Inc. COM 91324p102 22,591 102,474 SH   SOLE   102,474 0 0
Unum Group COM 91529y106 4,271 77,814 SH   SOLE   77,814 0 0
Valero Energy Corp. COM 91913y100 6,172 67,151 SH   SOLE   67,151 0 0
Verizon Communications COM 92343V104 2,294 43,339 SH   SOLE   43,339 0 0
Viacom Inc. Class B COM 92553p201 866 28,095 SH   SOLE   28,095 0 0
Visa, Inc. COM 92826c839 5,043 44,228 SH   SOLE   44,228 0 0
Vitamin Shoppe, Inc. COM 92849E101 52 11,760 SH   SOLE   11,760 0 0
Waddell & Reed Financial COM 930059100 699 31,283 SH   SOLE   31,283 0 0
Wal Mart Stores COM 931142103 6,178 62,567 SH   SOLE   62,567 0 0
Walt Disney Holding Co. COM 254687106 1,025 9,532 SH   SOLE   9,532 0 0
Washington Federal COM 938824109 797 23,259 SH   SOLE   23,259 0 0
Waste Management Inc. Del COM 94106L109 430 4,980 SH   SOLE   4,980 0 0
Weight Watchers Intl. Inc. COM 948626106 929 20,990 SH   SOLE   20,990 0 0
Wells Fargo & Co. COM 949746101 1,575 25,960 SH   SOLE   25,960 0 0
Western Union Company COM 959802109 1,439 75,721 SH   SOLE   75,721 0 0
Weyerhaeuser Co. COM 962166104 402 11,412 SH   SOLE   11,412 0 0
Willbros Group, Inc COM 969203108 17 11,655 SH   SOLE   11,655 0 0
Yum! Brands, Inc. COM 988498101 1,088 13,337 SH   SOLE   13,337 0 0
Zimmer Biomet Holdings COM 98956p102 10,531 87,269 SH   SOLE   87,269 0 0
Alkermes PLC FOR g01767105 1,459 26,651 SH   SOLE   26,651 0 0
Allegion PLC FOR g0176j109 292 3,670 SH   SOLE   3,670 0 0
Allergan PLC FOR g0177j108 1,635 9,995 SH   SOLE   9,995 0 0
America Movil ADR FOR 02364W105 6,897 402,169 SH   SOLE   402,169 0 0
Arcos Dorados Hldgs. FOR g0457f107 1,408 136,082 SH   SOLE   136,082 0 0
BP p.l.c. FOR 055622104 9,088 216,236 SH   SOLE   216,236 0 0
British American Tobacco FOR 110448107 2,788 41,615 SH   SOLE   41,615 0 0
Colliers International Group FOR 194693107 432 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108 3,934 220,393 SH   SOLE   220,393 0 0
Diageo PLC ADR FOR 25243q205 2,647 18,124 SH   SOLE   18,124 0 0
Enbridge Inc. FOR 29250n105 229 5,853 SH   SOLE   5,853 0 0
FirstService Corp Voting Share FOR 33767e103 518 7,410 SH   SOLE   7,410 0 0
Glaxo SmithKline PLC FOR 37733W105 3,051 86,022 SH   SOLE   86,022 0 0
Ingersoll Rand Co FOR g47791101 939 10,525 SH   SOLE   10,525 0 0
LyondellBasell Industries N.V. FOR n53745100 8,083 73,271 SH   SOLE   73,271 0 0
Medtronic PLC FOR g5960L103 12,543 155,333 SH   SOLE   155,333 0 0
Nokia Corp Sponsored ADR FOR 654902204 61 13,117 SH   SOLE   13,117 0 0
Royal Dutch Shell PLC FOR 780259206 1,251 18,753 SH   SOLE   18,753 0 0
SK Telecom ADR FOR 78440p108 266 9,533 SH   SOLE   9,533 0 0
Shire PLC FOR 82481r106 264 1,705 SH   SOLE   1,705 0 0
Taiwan Semiconductor Manufactu FOR 874039100 218 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208 4,238 437,762 SH   SOLE   437,762 0 0
Textainer Group Holdings Limit FOR g8766e109 1,954 90,900 SH   SOLE   90,900 0 0
Toyota Motor Corp ADR FOR 892331307 227 1,785 SH   SOLE   1,785 0 0
Unilever NV New York Shs FOR 904784709 6,587 116,953 SH   SOLE   116,953 0 0
Yum China Holdings, Inc. FOR 98850p109 538 13,437 SH   SOLE   13,437 0 0