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
ACCO BRANDS CORP cs 00081T108 13,474 1,734,088 SH   SOLE   1,554,268 0 179,820
ADTRAN INC cs 00738A106 431 26,500 SH   SOLE   26,500 0 0
ADVANCED ENERGY INDS INC cs 007973100 15,667 569,934 SH   SOLE   520,909 0 49,025
AFLAC INC. cs 001055102 11,324 182,057 SH   SOLE   182,057 0 0
ALCOA INC cs 013817101 355 31,830 SH   SOLE   31,650 0 180
ALLEGHENY TECHNOLOGIES INC. cs 01741R102 503 16,650 SH   SOLE   16,650 0 0
ALPHA & OMEGA SEMICONDUCTOR cs G6331P104 437 50,000 SH   SOLE   50,000 0 0
ASSURED GUARANTY LTD cs G0585R106 499 20,800 SH   SOLE   20,800 0 0
AVON PRODUCTS INC cs 054303102 5,448 870,220 SH   SOLE   870,220 0 0
BEBE STORES INC cs 075571109 7,730 3,865,036 SH   SOLE   3,604,291 0 260,745
BLACKBERRY LTD cs 09228F103 505 61,760 SH   SOLE   61,760 0 0
BROCADE COMMUNICATIONS SYS cs 111621306 22,845 1,923,000 SH   SOLE   1,923,000 0 0
CA INC cs 12673P105 14,105 481,551 SH   SOLE   437,371 0 44,180
CALLAWAY GOLF CO cs 131193104 13,603 1,521,590 SH   SOLE   1,360,155 0 161,435
CARLSBERG AS SPONSORED ADR cs 142795202 24,196 1,327,236 SH   SOLE   1,327,236 0 0
CARNIVAL CORP cs 143658300 33,890 686,176 SH   SOLE   656,751 0 29,425
CEDAR REALTY TRUST INC cs 150602209 13,760 2,150,003 SH   SOLE   1,913,783 0 236,220
CHESAPEAKE ENERGY CORP cs 165167107 4,986 446,332 SH   SOLE   446,332 0 0
CHEVRON CORPORATION cs 166764100 478 4,950 SH   SOLE   4,125 0 825
CHINA AUTOMOTIVE SYSTEMS INC cs 16936R105 5,134 609,713 SH   SOLE   576,449 0 33,264
CHRISTOPHER & BANKS CORP cs 171046105 9,088 2,266,368 SH   SOLE   2,027,113 0 239,255
CLIFFS NATURAL RESOURCES INC cs 18683K101 342 79,000 SH   SOLE   79,000 0 0
CORNING INC cs 219350105 22,881 1,159,686 SH   SOLE   1,159,286 0 400
CROCS INC cs 227046109 12,991 883,155 SH   SOLE   819,695 0 63,460
CRYOLIFE INC COM cs 228903100 15,023 1,331,814 SH   SOLE   1,331,814 0 0
CTS CORP cs 126501105 10,852 563,180 SH   SOLE   563,180 0 0
DELTIC TIMBER CORP cs 247850100 14,956 221,117 SH   SOLE   198,347 0 22,770
DEVON ENERGY CORPORATION cs 25179M103 610 10,260 SH   SOLE   10,160 0 100
DIANA SHIPPING INC cs y2066g104 13,813 1,959,282 SH   SOLE   1,823,172 0 136,110
DIME COMMUNITY BANCSHRS cs 253922108 14,561 859,555 SH   SOLE   777,664 0 81,891
ENCORE WIRE CORP cs 292562105 11,366 256,617 SH   SOLE   231,832 0 24,785
ENNIS INC cs 293389102 43,986 2,366,134 SH   SOLE   2,296,497 0 69,637
EXELON CORPORATION cs 30161N101 17,802 566,583 SH   SOLE   566,353 0 230
FIRSTENERGY CORP cs 337932107 17,724 544,526 SH   SOLE   544,341 0 185
FLIR SYSTEMS INC cs 302445101 25,515 827,875 SH   SOLE   827,875 0 0
FREIGHTCAR AMERICA cs 357023100 13,100 627,371 SH   SOLE   565,976 0 61,395
FUEL TECH INC cs 359523107 55 25,000 SH   SOLE   25,000 0 0
GAP INC cs 364760108 262 6,875 SH   SOLE   6,875 0 0
GENERAL MTRS CORP cs 37045V100 225 6,745 SH   SOLE   6,745 0 0
GLAXOSMITHKLINE cs 37733W105 25,729 617,733 SH   SOLE   596,273 0 21,460
GOLD RESOURCE CORPORATION cs 38068T105 4,238 1,535,464 SH   SOLE   1,535,464 0 0
GRAHAM CORP cs 384556106 9,877 482,022 SH   SOLE   449,632 0 32,390
GRANITE CONST INC cs 387328107 14,649 412,534 SH   SOLE   376,196 0 36,338
GULF ISLAND FABRICATION cs 402307102 2,913 260,779 SH   SOLE   260,779 0 0
HALLADOR ENERGY CO cs 40609P105 11,416 1,368,795 SH   SOLE   1,217,855 0 150,940
HALLMARK FINL SVCS INC cs 40624q203 17,302 1,520,372 SH   SOLE   1,374,823 0 145,549
HARTFORD FINANCIAL SVCS GRP cs 416515104 16,822 404,664 SH   SOLE   404,664 0 0
HELMERICH & PAYNE cs 423452101 340 4,825 SH   SOLE   4,825 0 0
HEWLETT-PACKARD COMPANY cs 428236103 232 7,740 SH   SOLE   7,740 0 0
HOOKER FURNITURE CORP cs 439038100 18,243 726,539 SH   SOLE   629,644 0 96,895
HUNTINGTON BANCSHARES INC. cs 446150104 18,882 1,669,510 SH   SOLE   1,669,510 0 0
INTREPID POTASH cs 46121Y102 11,170 935,475 SH   SOLE   836,605 0 98,870
ITRON INC cs 465741106 505 14,650 SH   SOLE   14,650 0 0
JACOBS ENGINEERING GROUP, INC cs 469814107 508 12,500 SH   SOLE   12,500 0 0
JPMORGAN CHASE & CO cs 46625h100 3,856 56,900 SH   SOLE   33,075 0 23,825
KMG INC cs 482564101 16,397 644,539 SH   SOLE   589,270 0 55,269
KNOLL INC cs 498904200 14,408 575,633 SH   SOLE   521,465 0 54,168
LANDAUER INC cs 51476K103 12,040 337,826 SH   SOLE   337,826 0 0
LANDEC CORP cs 514766104 16,197 1,122,457 SH   SOLE   1,035,542 0 86,915
LSI INDUSTRIES INC cs 50216C108 2,707 289,816 SH   SOLE   289,816 0 0
MACK CALI REALTY CORP cs 554489104 13,905 754,486 SH   SOLE   754,211 0 275
MCGRATH RENTCORP cs 580589109 11,448 376,196 SH   SOLE   339,921 0 36,275
MERCURY SYSTEMS INC cs 589378108 15,586 1,064,634 SH   SOLE   936,359 0 128,275
METHODE ELECTRNCS INC cs 591520200 7,424 270,443 SH   SOLE   241,368 0 29,075
MICROSOFT CORP cs 594918104 519 11,745 SH   SOLE   11,570 0 175
MOSAIC CO cs 61945c103 558 11,900 SH   SOLE   11,900 0 0
MYRIAD GENETICS INC cs 62855j104 14,696 432,365 SH   SOLE   393,730 0 38,635
NEWELL RUBBERMAID INC cs 651229106 16,931 411,856 SH   SOLE   411,856 0 0
NEWPARK RESOURCES INC cs 651718504 8,638 1,062,489 SH   SOLE   987,904 0 74,585
NOKIA CORP ADR cs 654902204 11,506 1,679,723 SH   SOLE   1,679,723 0 0
NUCOR CORP cs 670346105 489 11,085 SH   SOLE   11,085 0 0
OLYMPIC STEEL INC cs 68162k106 3,718 213,216 SH   SOLE   213,216 0 0
OSIRIS THERAPEUTICS INC cs 68827R108 673 34,600 SH   SOLE   34,600 0 0
PC-TEL INC cs 69325Q105 19,630 2,734,020 SH   SOLE   2,734,020 0 0
PEABODY ENERGY CORP cs 704549104 1,583 723,025 SH   SOLE   413,950 0 309,075
PITNEY BOWES INC cs 724479100 29,014 1,394,235 SH   SOLE   1,315,125 0 79,110
PLEXUS CORP cs 729132100 9,460 215,585 SH   SOLE   196,075 0 19,510
PPL CORP cs 69351T106 516 17,520 SH   SOLE   17,335 0 185
QUEST DIAGNOSTICS INC cs 74834L100 26,427 364,409 SH   SOLE   364,409 0 0
RPX CORP cs 74972G103 13,618 805,787 SH   SOLE   718,562 0 87,225
RUDOLPH TECHNOLOGIES INC cs 781270103 13,904 1,157,673 SH   SOLE   1,024,109 0 133,564
SCANSOURCE INC cs 806037107 13,682 359,490 SH   SOLE   324,900 0 34,590
SONY CORP ADR cs 835699307 23,639 832,662 SH   SOLE   832,662 0 0
SPARTAN MOTORS INC cs 846819100 13,144 2,869,826 SH   SOLE   2,575,691 0 294,135
STILLWATER MINING CO cs 86074Q102 12,922 1,114,950 SH   SOLE   1,004,410 0 110,540
SUNCOR ENERGY INC cs 867224107 428 15,550 SH   SOLE   15,550 0 0
SUPERIOR INDUSTRIES cs 868168105 26,520 1,448,380 SH   SOLE   1,448,380 0 0
SYMANTEC CORP cs 871503108 11,208 482,044 SH   SOLE   482,044 0 0
SYNAPTICS INC cs 87157d109 11,866 136,809 SH   SOLE   121,544 0 15,265
THOR INDUSTRIES INC cs 885160101 353 6,270 SH   SOLE   6,270 0 0
UNISYS CORP cs 909214306 11,226 561,557 SH   SOLE   516,272 0 45,285
UNUM GROUP cs 91529y106 3,685 103,070 SH   SOLE   62,705 0 40,365
VAALCO ENERGY INC cs 91851C201 1,506 703,695 SH   SOLE   703,695 0 0
VONAGE HOLDINGS CORP cs 92886t201 14,887 3,031,975 SH   SOLE   2,733,375 0 298,600
WARREN RESOURCES INC cs 93564A100 994 2,161,373 SH   SOLE   1,934,003 0 227,370
WELLS FARGO & CO cs 949746101 386 6,865 SH   SOLE   6,865 0 0
WESTMORELAND COAL CO cs 960878106 665 32,000 SH   SOLE   32,000 0 0
WINNEBAGO INDUSTRIES cs 974637100 7,787 330,101 SH   SOLE   303,756 0 26,345
AOL INC 0.75 09-01-19 cv 00184XAA3 6,590 6,181,000 PRN   SOLE   6,181,000 0 0
CHESAPEAKE ENERGY 2.75 11-15-3 cv 165167BW6 13,018 13,150,000 PRN   SOLE   13,150,000 0 0
CHESAPEAKE ENERGY CORP 2.5 05- cv 165167BZ9 7,190 7,588,000 PRN   SOLE   7,588,000 0 0
CHESAPEAKE ENERGY CORP 2.5 05- cv 165167CA3 7,303 7,578,000 PRN   SOLE   7,578,000 0 0
CIENA CORP 0.875 06-15-17 cv 171779AE1 51,226 51,035,000 PRN   SOLE   51,035,000 0 0
NUANCE COMMUNICATIONS 2.75 11- cv 67020YAF7 65,500 64,731,000 PRN   SOLE   64,731,000 0 0
PEABODY ENERGY CORP 4.75 12-15 cv 704549AG9 8,636 51,178,000 PRN   SOLE   51,178,000 0 0
TIVO INC 2.0 10-01-21 cv 888706AE8 26,082 28,642,000 PRN   SOLE   28,642,000 0 0
ALEXANDRIA REAL ESTATE PFD cp 015271505 11,785 420,733 SH   SOLE   420,733 0 0
CHESAPEAKE ENERGY PFD CONV 5.0 cp 165167826 20,005 284,769 SH   SOLE   284,439 0 330
CLIFFS NATURAL CONV PFD 7.0% cp 18683K408 17,129 3,849,145 SH   SOLE   3,849,145 0 0
EXELON CORP PFD CONV 6.50% cp 30161N127 10,252 226,017 SH   SOLE   226,017 0 0
FELCOR LODGING TRUST INC SERIE cp 31430F200 28,864 1,169,996 SH   SOLE   1,169,996 0 0
NY COMMUNITY CAP TRUST PFD cp 64944P307 18,258 361,540 SH   SOLE   361,540 0 0