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. (New) COM 00206r102 6,733 155,815 SH   SOLE   106,846 0 48,969
Aetna Inc New COM 00817Y108 3,576 29,278 SH   SOLE   25,645 0 3,633
Aflac Inc COM 001055102 3,067 42,507 SH   SOLE   19,509 0 22,998
Alaska Air Group Inc COM 011659109 6,160 105,674 SH   SOLE   63,506 0 42,168
Alphabet Inc. Class A COM 02079K305 8,347 11,864 SH   SOLE   6,477 0 5,387
Alphabet Inc. Class C COM 02079K107 1,638 2,367 SH   SOLE   2,057 0 310
Amazon Inc COM 023135106 4,389 6,133 SH   SOLE   3,498 0 2,635
Amdocs Limited Ord COM G02602103 2,674 46,335 SH   SOLE   40,208 0 6,127
American Elec Pwr Inc COM 025537101 1,225 17,484 SH   SOLE   15,199 0 2,285
American Intl Group COM 026874784 1,233 23,321 SH   SOLE   20,128 0 3,193
Amgen Inc. COM 031162100 9,504 62,462 SH   SOLE   34,205 0 28,257
Anthem Inc COM 036752103 2,824 21,505 SH   SOLE   18,817 0 2,688
Apple Computer COM 037833100 21,918 229,268 SH   SOLE   133,692 0 95,576
Archer Daniels Midland Co COM 039483102 1,660 38,705 SH   SOLE   33,638 0 5,067
Arrow Electrics Inc COM 042735100 5,375 86,836 SH   SOLE   39,848 0 46,988
Assurant Inc COM 04621X108 2,658 30,795 SH   SOLE   26,832 0 3,963
Avery Dennison Corp COM 053611109 5,859 78,376 SH   SOLE   36,711 0 41,665
Bank New York Mellon Corp COM 064058100 225 5,794 SH   SOLE   5,794 0 0
Bank of America Corp COM 060505104 868 65,431 SH   SOLE   57,329 0 8,102
Bemis Co COM 081437105 4,198 81,533 SH   SOLE   37,164 0 44,369
Berkshire Hathaway Inc Cl B COM 084670702 5,132 35,441 SH   SOLE   21,412 0 14,029
Best Buy Inc COM 086516101 4,615 150,829 SH   SOLE   70,193 0 80,636
Boeing Co. COM 097023105 1,001 7,711 SH   SOLE   6,775 0 936
Broadridge Financial Solutions COM 11133t103 3,742 57,397 SH   SOLE   50,402 0 6,995
Brocade Communication Systems COM 111621306 7,464 813,062 SH   SOLE   462,217 3 350,845
Brunswick Corp COM 117043109 3,421 75,475 SH   SOLE   34,854 0 40,621
CVS Corp COM 126650100 3,804 39,731 SH   SOLE   34,558 0 5,173
Campbell Soup Co COM 134429109 6,182 92,924 SH   SOLE   42,840 0 50,084
Cardinal Health Inc COM 14149Y108 8,290 106,273 SH   SOLE   63,493 0 42,780
Carnival Corp COM 143658300 4,986 112,808 SH   SOLE   52,270 0 60,538
Centerpoint Energy Inc. COM 15189t107 1,957 81,560 SH   SOLE   37,188 0 44,372
Chevron Corporation COM 166764100 2,860 27,278 SH   SOLE   16,946 0 10,332
Chubb Limited COM H1467J104 3,083 23,585 SH   SOLE   20,706 0 2,879
Cisco Sys Inc COM 17275R102 9,391 327,333 SH   SOLE   164,047 1 163,286
Citigroup Inc COM 172967424 691 16,292 SH   SOLE   14,318 0 1,974
Citrix Systems Inc COM 177376100 5,788 72,268 SH   SOLE   33,341 0 38,927
Coca Cola Co COM 191216100 2,512 55,411 SH   SOLE   33,852 0 21,559
Comcast Corp COM 20030N101 1,936 29,705 SH   SOLE   18,754 0 10,951
DHT Holdings Inc COM Y2065G121 100 19,811 SH   SOLE   17,784 0 2,027
Darden Restaurants Inc COM 237194105 5,602 88,445 SH   SOLE   40,348 0 48,097
Delphi Automotive PLC COM G27823106 1,979 31,609 SH   SOLE   27,728 0 3,881
Delta Airlines Inc New COM 247361702 7,617 209,097 SH   SOLE 1 127,845 0 81,252
Discover Finl Svcs COM 254709108 454 8,466 SH   SOLE   7,015 0 1,451
Disney Walt Co COM 254687106 2,280 23,304 SH   SOLE   14,715 0 8,589
Dow Chemical COM 260543103 258 5,193 SH   SOLE   5,187 0 6
Dr Pepper Snapple Group I COM 26138E109 10,512 108,783 SH   SOLE   67,975 0 40,808
Entergy Corp COM 29364G103 1,915 23,542 SH   SOLE   10,698 0 12,844
Everest Re Group Ltd COM G3223R108 7,873 43,102 SH   SOLE   25,619 0 17,483
Exelon Corp COM 30161N101 2,315 63,665 SH   SOLE   29,624 0 34,041
Express Scripts Inc COM 30219G108 6,721 88,664 SH   SOLE   40,979 0 47,685
Exxon Mobil Corp COM 30231G102 8,892 94,853 SH   SOLE   57,978 0 36,875
Facebook Inc COM 30303M102 2,859 25,016 SH   SOLE   11,740 0 13,276
Federated Invs. Inc. Class B COM 314211103 5,015 174,250 SH   SOLE   79,156 0 95,094
Fifth Street Asset Mgmt COM 31679P109 87 21,471 SH   SOLE   19,049 0 2,422
Fifth Third Bancorp COM 316773100 1,827 103,893 SH   SOLE   90,375 0 13,518
Foot Locker COM 344849104 7,464 136,055 SH   SOLE   82,692 0 53,363
Ford Motor Co. COM 345370860 6,212 494,186 SH   SOLE   230,809 2 263,377
General Dynamics Corp COM 369550108 245 1,761 SH   SOLE   1,712 0 49
General Electric Co COM 369604103 6,177 196,228 SH   SOLE   118,590 0 77,638
Gentex Corp COM 371901109 1,434 92,834 SH   SOLE   80,717 0 12,117
Gilead Sciences Inc. COM 375558103 8,993 107,806 SH   SOLE   60,199 0 47,607
Goodyear Tire and Rubber Co. COM 382550101 6,612 257,692 SH   SOLE   152,432 1 105,260
Great Plains Energy COM 391164100 1,460 48,032 SH   SOLE   42,016 0 6,016
HCA Holdings Inc COM 40412C101 8,811 114,411 SH   SOLE   68,501 0 45,910
HP Inc COM 40434L105 758 60,419 SH   SOLE   53,302 0 7,117
Hanover Ins Group Inc COM 410867105 5,439 64,274 SH   SOLE   30,142 0 34,132
Harris Corp. COM 413875105 711 8,526 SH   SOLE   7,032 0 1,494
Hartford Finl Svcs COM 416515104 1,674 37,720 SH   SOLE   17,632 0 20,088
Hewlett Packard Enterprise COM 42824C109 1,121 61,359 SH   SOLE   53,262 0 8,097
Home Depot Inc. COM 437076102 2,392 18,729 SH   SOLE   11,775 0 6,954
Hormel Foods Corp COM 440452100 1,752 47,873 SH   SOLE   22,656 0 25,217
Huntington Ingalls Inds COM 446413106 8,390 49,929 SH   SOLE   27,454 0 22,475
Ingram Micro Inc Cl A COM 457153104 227 6,517 SH   SOLE   6,286 0 231
Ingredion Inc COM 457187102 6,887 53,218 SH   SOLE   24,719 0 28,499
Intel Corp COM 458140100 9,143 278,764 SH   SOLE   141,098 1 137,666
International Business Machine COM 459200101 313 2,063 SH   SOLE   1,968 0 95
JPMorgan Chase & Co COM 46625H100 6,859 110,386 SH   SOLE   61,645 0 48,741
Jetblue Airways Corp COM 477143101 1,211 73,139 SH   SOLE   34,762 0 38,377
Johnson & Johnson COM 478160104 15,086 124,368 SH   SOLE   65,681 0 58,687
Kroger Co COM 501044101 9,991 271,566 SH   SOLE   168,510 1 103,056
Lam Research Corp COM 512807108 6,030 71,735 SH   SOLE   33,380 0 38,355
Lear Corp COM 521865204 7,729 75,955 SH   SOLE   45,468 0 30,487
Leidos Holdings COM 525327102 2,151 44,936 SH   SOLE   20,487 0 24,449
Lockheed Martin Corp COM 539830109 3,899 15,712 SH   SOLE   13,615 0 2,097
Lyondellbasell Industries NV COM N53745100 7,177 96,441 SH   SOLE   55,752 0 40,689
Macy's COM 55616p104 1,329 39,533 SH   SOLE   34,283 0 5,250
Manpower Inc COM 56418H100 4,419 68,675 SH   SOLE   32,197 0 36,478
Marathon Petroleum Corp COM 56585A102 1,586 41,787 SH   SOLE   36,191 0 5,596
Marsh & McLennan Cos Inc COM 571748102 351 5,130 SH   SOLE   5,130 0 0
Masco Corp COM 574599106 5,482 177,172 SH   SOLE   81,256 0 95,916
McDermott Intl Inc COM 580037109 98 19,783 SH   SOLE   17,582 0 2,201
Mednax Inc COM 58502B106 2,034 28,081 SH   SOLE   24,482 0 3,599
Merck & Co Inc COM 58933Y105 2,209 38,341 SH   SOLE   25,137 0 13,204
Michael Kors Hldgs Ltd COM G60754101 5,354 108,196 SH   SOLE   49,348 0 58,848
Microsoft Corp COM 594918104 9,862 192,738 SH   SOLE   115,271 0 77,466
NASDAQ OMX Group, Inc. COM 631103108 5,730 88,601 SH   SOLE   41,007 0 47,594
Navios Maritime Acqstn COM Y62159101 23 14,946 SH   SOLE   13,806 0 1,140
Northrop Grumman Corp COM 666807102 4,288 19,290 SH   SOLE   16,687 0 2,603
Nvidia Corp COM 67066g104 7,679 163,340 SH   SOLE   75,943 0 87,397
Old Rep Intl Corp COM 680223104 5,758 298,509 SH   SOLE   135,494 1 163,015
Oracle Systems Corp. COM 68389X105 672 16,412 SH   SOLE   14,264 0 2,148
Orbital ATK Inc. COM 68557N103 628 7,373 SH   SOLE   6,101 0 1,272
Owens Corning COM 690742101 5,666 109,985 SH   SOLE   50,482 0 59,503
PNC Finl Svcs Group COM 693475105 2,362 29,026 SH   SOLE   25,490 0 3,536
PPL Corp COM 69351T106 2,085 55,238 SH   SOLE   25,594 0 29,644
Pdl Biopharma Inc COM 69329Y104 73 23,235 SH   SOLE   20,647 0 2,588
Pepsico Inc. COM 713448108 1,928 18,199 SH   SOLE   11,673 0 6,526
Pfizer Inc COM 717081103 3,888 110,428 SH   SOLE   72,356 0 38,072
Philip Morris International In COM 718172109 1,694 16,654 SH   SOLE   11,871 0 4,783
Phillips 66 COM 718546104 1,771 22,316 SH   SOLE   19,195 0 3,121
Photronics inc COM 719405102 91 10,175 SH   SOLE   9,156 0 1,019
Procter & Gamble Co COM 742718109 5,310 62,709 SH   SOLE   44,144 0 18,565
Public Service Enterprise Grou COM 744573106 3,317 71,171 SH   SOLE   43,957 0 27,214
Raytheon Co COM 755111507 1,919 14,118 SH   SOLE   12,398 0 1,720
Reinsurance Group Amer In COM 759351604 5,487 56,568 SH   SOLE   25,815 0 30,753
Renaissancere Holdings COM G7496G103 299 2,542 SH   SOLE   2,490 0 52
Rowan Cos Inc COM G7665A101 5,742 325,160 SH   SOLE   147,594 1 177,566
Schlumberger, Ltd. COM 806857108 502 6,354 SH   SOLE   5,614 0 740
Skyworks Solutions Inc COM 83088M102 1,215 19,200 SH   SOLE   16,831 0 2,369
Southwest Airls Co COM 844741108 1,690 43,093 SH   SOLE   19,982 0 23,111
Spirit Aerosystems Hldgs COM 848574109 5,224 121,488 SH   SOLE   55,879 0 65,609
Suntrust Banks COM 867914103 1,463 35,613 SH   SOLE   18,527 0 17,086
Supervalu Inc COM 868536103 79 16,839 SH   SOLE   14,978 0 1,861
Synchrony Financial COM 87165B103 2,631 104,061 SH   SOLE   48,267 0 55,794
T Rowe Price Group Inc COM 74144T108 5,503 75,409 SH   SOLE   34,417 0 40,992
Teradyne Inc COM 880770102 5,262 267,237 SH   SOLE   122,924 1 144,313
Tesoro Corp. COM 881609101 5,262 70,232 SH   SOLE   32,978 0 37,254
Thor Inds Inc COM 885160101 5,729 88,499 SH   SOLE   40,984 0 47,515
Toro Co COM 891092108 1,702 19,299 SH   SOLE   8,762 0 10,537
Travelers Company Inc. COM 89417E109 6,594 55,397 SH   SOLE   25,962 0 29,435
Trinity Inds Inc COM 896522109 765 41,171 SH   SOLE   35,582 0 5,589
Tyson Foods COM 902494103 6,738 100,877 SH   SOLE   51,518 0 49,359
Union Pacific COM 907818108 1,099 12,596 SH   SOLE   10,871 0 1,725
United Therapeutic Corp. COM 91307C102 5,194 49,035 SH   SOLE   22,425 0 26,610
Unitedhealth Group Inc COM 91324P102 8,756 62,012 SH   SOLE   29,232 0 32,780
Valero Energy Corp New COM 91913Y100 5,406 105,995 SH   SOLE   50,715 0 55,280
Verizon Communications COM 92343V104 5,299 94,897 SH   SOLE   53,757 0 41,140
Visa Inc. COM 92826C839 1,039 14,005 SH   SOLE   6,467 0 7,538
Vista Outdoors Inc. COM 928377100 687 14,395 SH   SOLE   11,867 0 2,528
Voya Financial COM 929089100 1,480 59,766 SH   SOLE   52,518 0 7,248
Wal Mart Stores Inc COM 931142103 580 7,942 SH   SOLE   7,235 0 707
Wells Fargo COM 949746101 6,439 136,049 SH   SOLE   97,872 0 38,178
Western Digital Corp COM 958102105 1,460 30,889 SH   SOLE   26,643 0 4,246
Westlake Chemical Corp COM 960413102 1,435 33,434 SH   SOLE   29,050 0 4,384
Zagg Inc COM 98884U108 58 11,105 SH   SOLE   9,986 0 1,119
Consumer Staples SPDR ETF 81369y308 2,444 44,320 SH   SOLE   38,157 0 6,163
Healthcare SS SPDR ETF 81369Y209 1,382 19,279 SH   SOLE   16,489 0 2,790
Materials SS SPDR ETF 81369y100 2,026 43,730 SH   SOLE   37,725 0 6,005
Powershares S&P 500 ETF 73936G308 499 24,061 SH   SOLE   24,061 0 0
SPDR Tr Unit Ser 1 ETF 78462F103 7,740 36,951 SH   SOLE   31,765 0 5,186
Schwab International Equity ETF 808524805 536 19,768 SH   SOLE   18,959 0 809
Schwab U.S. Large-Cap ETF ETF 808524201 10,810 217,206 SH   SOLE   208,869 0 8,337
Schwab US Mid-Cap ETF 808524508 506 12,053 SH   SOLE   11,621 0 432
Schwab US Small-Cap ETF 808524607 358 6,619 SH   SOLE   6,378 0 241
Select Sector SPDR Amex Indust ETF 81369y704 2,026 36,172 SH   SOLE   31,408 0 4,764
Select Sector SPDR Amex Techno ETF 81369y803 4,006 92,357 SH   SOLE   80,528 0 11,829
Select Sector Spdr Financial ETF 81369y605 1,577 68,990 SH   SOLE   59,274 0 9,716
Select Spdr Consumer Discretio ETF 81369y407 1,812 23,214 SH   SOLE   19,566 0 3,648
Utilities Sel SPDR ETF 81369y886 631 12,021 SH   SOLE   10,259 0 1,762
Vanguard Energy ETF ETF 92204a306 3,427 36,029 SH   SOLE   31,476 0 4,553