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 12,253 1,733,053 SH   SOLE   1,544,393 0 188,660
ADTRAN INC cs 00738A106 387 26,500 SH   SOLE   26,500 0 0
ADVANCED ENERGY INDS INC cs 007973100 9,830 373,782 SH   SOLE   339,027 0 34,755
AFLAC INC. cs 001055102 9,517 163,727 SH   SOLE   163,727 0 0
ALCOA INC cs 013817101 510 52,830 SH   SOLE   52,650 0 180
ALLEGHENY TECHNOLOGIES INC. cs 01741R102 236 16,650 SH   SOLE   16,650 0 0
ALPHA & OMEGA SEMICONDUCTOR cs G6331P104 389 50,000 SH   SOLE   50,000 0 0
ASSURED GUARANTY LTD cs G0585R106 2,870 114,820 SH   SOLE   65,245 0 49,575
AVON PRODUCTS INC cs 054303102 3,901 1,200,325 SH   SOLE   1,200,325 0 0
BEBE STORES INC cs 075571109 3,712 3,949,216 SH   SOLE   3,687,121 0 262,095
BLACKBERRY LTD cs 09228F103 421 68,760 SH   SOLE   68,760 0 0
BROCADE COMMUNICATIONS SYS cs 111621306 4,868 468,966 SH   SOLE   468,966 0 0
CA INC cs 12673P105 8,003 293,141 SH   SOLE   249,336 0 43,805
CALLAWAY GOLF CO cs 131193104 6,927 829,598 SH   SOLE   740,088 0 89,510
CARLSBERG AS SPONSORED ADR cs 142795202 21,008 1,367,691 SH   SOLE   1,367,691 0 0
CARNIVAL CORP cs 143658300 21,763 437,886 SH   SOLE   408,721 0 29,165
CEDAR REALTY TRUST INC cs 150602209 11,930 1,921,028 SH   SOLE   1,686,033 0 234,995
CHESAPEAKE ENERGY CORP cs 165167107 3,483 475,187 SH   SOLE   475,187 0 0
CHEVRON CORPORATION cs 166764100 538 6,825 SH   SOLE   5,725 0 1,100
CHINA AUTOMOTIVE SYSTEMS INC cs 16936R105 5,494 1,032,668 SH   SOLE   849,743 0 182,925
CHRISTOPHER & BANKS CORP cs 171046105 2,533 2,282,333 SH   SOLE   2,029,363 0 252,970
CLIFFS NATURAL RESOURCES INC cs 18683K101 193 79,000 SH   SOLE   79,000 0 0
CORNING INC cs 219350105 21,252 1,241,356 SH   SOLE   1,240,346 0 1,010
CROCS INC cs 227046109 10,490 811,580 SH   SOLE   748,985 0 62,595
CRYOLIFE INC COM cs 228903100 11,032 1,133,799 SH   SOLE   1,133,799 0 0
CTS CORP cs 126501105 10,681 577,030 SH   SOLE   577,030 0 0
DELTIC TIMBER CORP cs 247850100 12,287 205,432 SH   SOLE   182,862 0 22,570
DEVON ENERGY CORPORATION cs 25179M103 381 10,260 SH   SOLE   10,160 0 100
DIANA SHIPPING INC cs y2066g104 11,431 1,764,016 SH   SOLE   1,628,316 0 135,700
DIME COMMUNITY BANCSHRS cs 253922108 13,368 790,977 SH   SOLE   710,236 0 80,741
ENCORE WIRE CORP cs 292562105 8,235 252,077 SH   SOLE   227,532 0 24,545
ENNIS INC cs 293389102 30,295 1,745,116 SH   SOLE   1,675,819 0 69,297
EXELON CORPORATION cs 30161N101 10,438 351,448 SH   SOLE   351,218 0 230
FIRSTENERGY CORP cs 337932107 10,641 339,846 SH   SOLE   339,311 0 535
FLIR SYSTEMS INC cs 302445101 25,701 918,215 SH   SOLE   875,255 0 42,960
FREIGHTCAR AMERICA cs 357023100 10,490 611,309 SH   SOLE   545,864 0 65,445
FUEL TECH INC cs 359523107 48 25,000 SH   SOLE   25,000 0 0
GAMESTOP CORP cs 36467W109 243 5,900 SH   SOLE   5,900 0 0
GENERAL MTRS CORP cs 37045V100 2,860 95,260 SH   SOLE   54,305 0 40,955
GLAXOSMITHKLINE cs 37733W105 22,351 581,298 SH   SOLE   560,123 0 21,175
GOLD RESOURCE CORPORATION cs 38068T105 1,803 712,671 SH   SOLE   712,671 0 0
GRAHAM CORP cs 384556106 9,919 561,963 SH   SOLE   498,818 0 63,145
GRANITE CONST INC cs 387328107 11,228 378,419 SH   SOLE   342,296 0 36,123
GULF ISLAND FABRICATION cs 402307102 1,203 114,282 SH   SOLE   114,282 0 0
HALLADOR ENERGY CO cs 40609P105 10,658 1,533,490 SH   SOLE   1,371,900 0 161,590
HALLMARK FINL SVCS INC cs 40624q203 15,461 1,345,624 SH   SOLE   1,203,325 0 142,299
HARTFORD FINANCIAL SVCS GRP cs 416515104 10,964 239,489 SH   SOLE   239,489 0 0
HELMERICH & PAYNE cs 423452101 228 4,825 SH   SOLE   4,825 0 0
HOOKER FURNITURE CORP cs 439038100 15,315 650,611 SH   SOLE   565,799 0 84,812
HUNTINGTON BANCSHARES INC. cs 446150104 12,045 1,136,310 SH   SOLE   1,136,310 0 0
INTREPID POTASH cs 46121Y102 5,072 915,475 SH   SOLE   817,930 0 97,545
ITRON INC cs 465741106 467 14,650 SH   SOLE   14,650 0 0
JACOBS ENGINEERING GROUP, INC cs 469814107 468 12,500 SH   SOLE   12,500 0 0
JOY GLOBAL INC cs 481165108 149 10,000 SH   SOLE   10,000 0 0
JPMORGAN CHASE & CO cs 46625h100 3,383 55,493 SH   SOLE   32,223 0 23,270
KMG INC cs 482564101 12,675 657,064 SH   SOLE   596,105 0 60,959
KNOLL INC cs 498904200 11,252 511,938 SH   SOLE   458,445 0 53,493
LANDAUER INC cs 51476K103 17,305 467,824 SH   SOLE   467,824 0 0
LANDEC CORP cs 514766104 11,908 1,020,353 SH   SOLE   934,838 0 85,515
LSI INDUSTRIES INC cs 50216C108 2,335 276,678 SH   SOLE   276,678 0 0
MACK CALI REALTY CORP cs 554489104 15,871 840,640 SH   SOLE   840,365 0 275
MCGRATH RENTCORP cs 580589109 9,571 358,581 SH   SOLE   322,656 0 35,925
MERCURY SYSTEMS INC cs 589378108 15,041 945,372 SH   SOLE   819,822 0 125,550
METHODE ELECTRNCS INC cs 591520200 8,684 272,218 SH   SOLE   242,468 0 29,750
MICROSOFT CORP cs 594918104 387 8,745 SH   SOLE   8,570 0 175
MOSAIC CO cs 61945c103 436 14,000 SH   SOLE   14,000 0 0
MYRIAD GENETICS INC cs 62855j104 14,309 381,765 SH   SOLE   342,280 0 39,485
NAVIGANT CONSULTING INC cs 63935N107 8,767 551,039 SH   SOLE   463,769 0 87,270
NEWELL RUBBERMAID INC cs 651229106 9,311 234,476 SH   SOLE   234,476 0 0
NEWPARK RESOURCES INC cs 651718504 4,977 972,139 SH   SOLE   894,029 0 78,110
NOKIA CORP ADR cs 654902204 11,859 1,749,108 SH   SOLE   1,749,108 0 0
NUCOR CORP cs 670346105 416 11,085 SH   SOLE   11,085 0 0
OLYMPIC STEEL INC cs 68162k106 1,385 139,208 SH   SOLE   139,208 0 0
OSIRIS THERAPEUTICS INC cs 68827R108 554 30,000 SH   SOLE   30,000 0 0
PC-TEL INC cs 69325Q105 10,954 1,822,618 SH   SOLE   1,822,618 0 0
PEABODY ENERGY CORP cs 704549203 1,111 804,775 SH   SOLE   498,125 0 306,650
PITNEY BOWES INC cs 724479100 27,224 1,371,490 SH   SOLE   1,293,080 0 78,410
PLEXUS CORP cs 729132100 7,987 207,035 SH   SOLE   187,915 0 19,120
PPL CORP cs 69351T106 576 17,520 SH   SOLE   17,335 0 185
QUEST DIAGNOSTICS INC cs 74834L100 17,855 290,474 SH   SOLE   290,474 0 0
RPX CORP cs 74972G103 11,207 816,865 SH   SOLE   730,350 0 86,515
RUDOLPH TECHNOLOGIES INC cs 781270103 13,296 1,067,914 SH   SOLE   930,525 0 137,389
SCANSOURCE INC cs 806037107 11,868 334,690 SH   SOLE   300,050 0 34,640
SONY CORP ADR cs 835699307 19,622 800,907 SH   SOLE   800,907 0 0
SPARTAN MOTORS INC cs 846819100 11,752 2,845,539 SH   SOLE   2,536,604 0 308,935
STILLWATER MINING CO cs 86074Q102 11,477 1,110,990 SH   SOLE   993,460 0 117,530
SUNCOR ENERGY INC cs 867224107 415 15,550 SH   SOLE   15,550 0 0
SUPERIOR INDUSTRIES cs 868168105 21,891 1,171,898 SH   SOLE   1,171,898 0 0
SYMANTEC CORP cs 871503108 5,406 277,654 SH   SOLE   277,654 0 0
SYNAPTICS INC cs 87157d109 10,862 131,724 SH   SOLE   116,419 0 15,305
THOR INDUSTRIES INC cs 885160101 325 6,270 SH   SOLE   6,270 0 0
UNISYS CORP cs 909214306 6,140 515,972 SH   SOLE   470,897 0 45,075
UNUM GROUP cs 91529y106 3,286 102,420 SH   SOLE   62,390 0 40,030
VONAGE HOLDINGS CORP cs 92886t201 14,325 2,436,172 SH   SOLE   2,140,847 0 295,325
WARREN RESOURCES INC cs 93564A100 1,194 2,439,353 SH   SOLE   2,198,758 0 240,595
WELLS FARGO & CO cs 949746101 455 8,865 SH   SOLE   8,865 0 0
WESTMORELAND COAL CO cs 960878106 620 44,000 SH   SOLE   44,000 0 0
WINNEBAGO INDUSTRIES cs 974637100 5,089 265,740 SH   SOLE   239,695 0 26,045
CHESAPEAKE ENERGY 2.75 11-15-3 cv 165167BW6 13,040 13,255,000 PRN   SOLE   13,255,000 0 0
CHESAPEAKE ENERGY CORP 2.5 05- cv 165167BZ9 6,577 7,648,000 PRN   SOLE   7,648,000 0 0
CHESAPEAKE ENERGY CORP 2.5 05- cv 165167CA3 6,674 7,628,000 PRN   SOLE   7,628,000 0 0
CIENA CORP 0.875 06-15-17 cv 171779AE1 51,798 52,520,000 PRN   SOLE   52,520,000 0 0
NUANCE COMMUNICATIONS 2.75 11- cv 67020YAF7 66,350 65,169,000 PRN   SOLE   65,169,000 0 0
TIVO INC 2.0 10-01-21 cv 888706AF5 26,809 30,837,000 PRN   SOLE   30,837,000 0 0
ALEXANDRIA REAL ESTATE PFD cp 015271505 11,360 420,733 SH   SOLE   420,733 0 0
CHESAPEAKE ENERGY PFD CONV 5.0 cp 165167826 13,942 296,635 SH   SOLE   296,305 0 330
CLIFFS NATURAL CONV PFD 7.0% cp 18683K408 3,346 1,394,293 SH   SOLE   1,394,293 0 0
EXELON CORP PFD CONV 6.50% cp 30161N127 9,932 227,542 SH   SOLE   227,542 0 0
FELCOR LODGING TRUST INC SERIE cp 31430F200 30,586 1,231,806 SH   SOLE   1,214,516 0 17,290
NY COMMUNITY CAP TRUST PFD cp 64944P307 18,096 361,915 SH   SOLE   361,915 0 0