13F-HR/A 1 v043256_13fhr-a.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2006 Check here if Amendment [X]; Amendment Number : 1 This Amendment (Check only one.): [X] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Heartland Advisors, Inc. Address: 789 N. Water St. Suite 500 Milwaukee, WI 53202 Form 13F File Number: 28-3516 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Paul T. Beste Title: Chief Operating Officer Phone: 414-347-7777 Signature, Place and Date of Signing: /s/ Paul T. Beste Milwaukee, Wisconsin May 15, 2006 ------------------ -------------------- ------------ [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s). Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----------- Form 13F Information Table Entry Total: 343 ----------- Form 13F Information Table Value Total: $ 2447111 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------- SCHULMAN A INC COM 808194104 4640 187455 SH SOLE 187455 0 0 AAON INC COM PAR $0.004 000360206 2408 100700 SH SOLE 100700 0 0 AAR CORP COM 000361105 5696 200000 SH SOLE 200000 0 0 AP PHARMA INC COM 00202J104 1951 975400 SH SOLE 971400 0 4000 AT&T INC COM 00206R102 6348 234775 SH SOLE 234675 0 100 ACETO CORP COM 004446100 1492 202500 SH SOLE 202500 0 0 ACTUATE CORP COM 00508B102 17901 4211900 SH SOLE 4203600 0 8300 ADTRAN INC COM 00738A106 432 16500 SH SOLE 16500 0 0 AGRIUM INC COM 008916108 6657 263770 SH SOLE 261270 0 2500 AIRNET SYS INC COM 009417106 4887 1400400 SH SOLE 1310400 0 90000 ALASKA AIR GROUP INC COM 011659109 39178 1105150 SH SOLE 1067150 0 38000 ALCOA INC COM 013817101 2019 66063 SH SOLE 66063 0 0 ALLEGHENY ENERGY INC COM 017361106 5665 167350 SH SOLE 167350 0 0 ALLIED DEFENSE GROUP INC COM 019118108 4390 200000 SH SOLE 200000 0 0 ALLSTATE CORP COM 020002101 7085 135957 SH SOLE 135857 0 100 AMEDISYS INC COM 023436108 5588 160800 SH SOLE 160800 0 0 AMERICAN DAIRY INC COM 025334103 295 20000 SH SOLE 20000 0 0 AMERICAN STD COS INC DEL COM 029712106 6761 157750 SH SOLE 157550 0 200 AMERISERV FINL INC COM 03074A102 5759 1151800 SH SOLE 1151800 0 0 ANADARKO PETE CORP COM 032511107 6016 59554 SH SOLE 59554 0 0 ANALOGIC CORP COM PAR $0.05 032657207 29594 447040 SH SOLE 423990 0 23050 ANALYSTS INTL CORP COM 032681108 4464 1600000 SH SOLE 1600000 0 0 ANDRX CORP DEL ANDRX GROUP 034553107 9807 413100 SH SOLE 412600 0 500 ANGIOTECH PHARMACEUTICALS IN COM 034918102 4723 319100 SH SOLE 319100 0 0 ANSWERTHINK INC COM 036916104 643 100000 SH SOLE 100000 0 0 APOGEE ENTERPRISES INC COM 037598109 8013 474700 SH SOLE 470250 0 4450 APPLIANCE RECYCLING CTRS AME COM NEW 03814F205 2474 409000 SH SOLE 409000 0 0 APPLIED DIGITAL SOLUTIONS COM NEW 038188306 1015 350000 SH SOLE 350000 0 0 APPLIED MATLS INC COM 038222105 369 21065 SH SOLE 21065 0 0 APPLIED SIGNAL TECHNOLOGY IN COM 038237103 12895 650300 SH SOLE 607600 0 42700 ASHWORTH INC COM 04516H101 6042 608431 SH SOLE 608431 0 0 ASSOCIATED BANC CORP COM 045487105 20846 613466 SH SOLE 613166 0 300 ASSURED GUARANTY LTD COM G0585R106 9323 372900 SH SOLE 348800 0 24100 AUTOLIV INC COM 052800109 324 5725 SH SOLE 5725 0 0 AVNET INC COM 053807103 6279 247400 SH SOLE 247400 0 0 BOFI HLDG INC COM 05566U108 1490 200000 SH SOLE 200000 0 0 B & G FOODS INC NEW UNIT 99/99/9999 05508R205 1826 126600 SH SOLE 126600 0 0 BADGER METER INC COM 056525108 28661 503000 SH SOLE 478200 0 24800 BANCTRUST FINANCIAL GP COM 05978R107 1739 78500 SH SOLE 78500 0 0 BARRETT BUSINESS SERVICES IN COM 068463108 12904 477911 SH SOLE 468429 0 9482 BIOSCRIP INC COM 09069N108 17105 2372452 SH SOLE 2222428 0 150024 BIOVAIL CORP COM 09067J109 39342 1085185 SH SOLE 1013685 0 71500 BOB EVANS FARMS INC COM 096761101 4893 164680 SH SOLE 164680 0 0 BORG WARNER INC COM 099724106 3875 64535 SH SOLE 64535 0 0 BOWNE & CO INC COM 103043105 6493 389500 SH SOLE 388200 0 1300 BRIGHAM EXPLORATION CO COM 109178103 473 54000 SH SOLE 54000 0 0 BRISTOW GROUP INC COM 110394103 6180 200000 SH SOLE 200000 0 0 BRUNSWICK CORP COM 117043109 6966 179250 SH SOLE 179150 0 100 BUCA INC COM 117769109 12831 2530750 SH SOLE 2350750 0 180000 BUTLER INTL INC NEW COM 123649105 628 200000 SH SOLE 200000 0 0 CBS CORP NEW CL B 124857202 5970 248950 SH SOLE 246450 0 2500 C D I CORP COM 125071100 1766 61400 SH SOLE 61400 0 0 CABOT OIL & GAS CORP COM 127097103 453 9450 SH SOLE 8250 0 1200 CALGON CARBON CORP COM 129603106 7010 1139900 SH SOLE 1139900 0 0 CALLON PETE CO DEL COM 13123X102 6035 287100 SH SOLE 285600 0 1500 CAMBREX CORP COM 132011107 4895 250495 SH SOLE 250495 0 0

VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------- CAPITAL BK CORP COM 139793103 2416 148700 SH SOLE 148700 0 0 CAPITAL LEASE FDG INC COM 140288101 7763 700000 SH SOLE 700000 0 0 CARACO PHARMACEUTICAL LABS L COM 14075T107 2600 200000 SH SOLE 200000 0 0 CARLISLE COS INC COM 142339100 5109 62458 SH SOLE 62458 0 0 CASUAL MALE RETAIL GRP INC COM 148711104 8279 850000 SH SOLE 850000 0 0 CAVALIER HOMES INC COM 149507105 3003 429000 SH SOLE 429000 0 0 CENTRAL PKG CORP COM 154785109 8056 503500 SH SOLE 503500 0 0 CHAMPS ENTMT INC DEL COM 158787101 4918 596150 SH SOLE 571150 0 25000 CHEMTURA CORP COM 163893100 158 13450 SH SOLE 12228 0 1222 CHIQUITA BRANDS INTL INC COM 170032809 5296 315800 SH SOLE 315600 0 200 CHITTENDEN CORP COM 170228100 4936 170400 SH SOLE 170400 0 0 CISCO SYS INC COM 17275R102 231 10670 SH SOLE 10670 0 0 CLARK INC COM 181457102 10444 884300 SH SOLE 814800 0 69500 WILLIAMS CLAYTON ENERGY INC COM 969490101 30536 746230 SH SOLE 715730 0 30500 COMFORT SYS USA INC COM 199908104 10592 784600 SH SOLE 782200 0 2400 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 1572 71400 SH SOLE 71400 0 0 COMPUDYNE CORP COM PAR $0.75 204795306 5457 777300 SH SOLE 742300 0 35000 CONOCOPHILLIPS COM 20825C104 6375 100950 SH SOLE 100750 0 200 COOPER TIRE & RUBR CO COM 216831107 227 15800 SH SOLE 15800 0 0 CORGI INTERNATIONAL LIMITED SPONSORED ADR 21872Q103 2831 1025800 SH SOLE 959600 0 66200 COST PLUS INC CALIF COM 221485105 448 26200 SH SOLE 26200 0 0 CREDENCE SYS CORP COM 225302108 669 91175 SH SOLE 91175 0 0 CRITICARE SYS INC COM 226901106 5048 1109400 SH SOLE 1109400 0 0 CUBIC CORP COM 229669106 8978 375000 SH SOLE 375000 0 0 CURON MED INC COM 231292103 619 2000000 SH SOLE 2000000 0 0 DIAGNOSTIC PRODS CORP COM 252450101 224 4700 SH SOLE 4700 0 0 DIGITAS INC COM 25388K104 2398 166500 SH SOLE 165800 0 700 DISCOVERY LABORATORIES INC N COM 254668106 27227 3714500 SH SOLE 3586500 0 128000 DISCOVERY PARTNERS INTL INC COM 254675101 8098 3332650 SH SOLE 2985700 0 346950 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 976 21500 SH SOLE 21500 0 0 DOLLAR TREE STORES INC COM 256747106 1787 64580 SH SOLE 64580 0 0 DUCKWALL-ALCO STORES INC NEW COM 264142100 9444 400000 SH SOLE 400000 0 0 DUCOMMIN INC DEL COM 264147109 2533 114100 SH SOLE 113600 0 500 DYNAMICS RESH CORP COM 268057106 614 41200 SH SOLE 41200 0 0 EMS TECHNOLOGIES INC COM 26873N108 10077 558900 SH SOLE 543600 0 15300 EPIQ SYS INC COM 26882D109 5862 308500 SH SOLE 308500 0 0 EASTERN VA BANKSHARES INC COM 277196101 1559 67300 SH SOLE 67300 0 0 ELKCORP COM 287456107 4031 119425 SH SOLE 119425 0 0 EMAK WORLDWIDE INC COM 26861V104 4703 563917 SH SOLE 551240 0 12677 EMISPHERE TECHNOLOGIES INC COM 291345106 473 57500 SH SOLE 57500 0 0 EMRISE CORP COM 29246J101 950 1000000 SH SOLE 1000000 0 0 EQUITY INNS INC COM 294703103 1332 82200 SH SOLE 73500 0 8700 EXCELLIGENCE LEARNING CORP COM 300684107 2899 371700 SH SOLE 371700 0 0 EXPONENT INC COM 30214U102 14436 456100 SH SOLE 426800 0 29300 EXTREME NETWORKS INC COM 30226D106 8784 1749870 SH SOLE 1739870 0 10000 F N B CORP VA COM 302930102 780 22946 SH SOLE 22946 0 0 FSI INTL INC COM 302633102 2635 500000 SH SOLE 500000 0 0 FTI CONSULTING INC COM 302941109 8582 300800 SH SOLE 300800 0 0 FEDERAL SIGNAL CORP COM 313855108 19195 1037593 SH SOLE 988593 0 49000 FIRST CONSULTING GROUP INC COM 31986R103 14802 2003000 SH SOLE 1943700 0 59300 FIRSTCITY FINL CORP COM 33761X107 10957 920000 SH SOLE 873900 0 46100 FLANDERS CORP COM 338494107 6072 519900 SH SOLE 514900 0 5000 FLEXSTEEL INDS INC COM 339382103 745 54000 SH SOLE 26000 0 28000 FOREST OIL CORP COM PAR $0.01 346091705 356 9575 SH SOLE 9575 0 0 FORRESTER RESH INC COM 346563109 9415 421800 SH SOLE 421200 0 600 FRANKLIN BK CORP DEL COM 352451108 3598 187100 SH SOLE 162200 0 24900

VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------- FREESCALE SEMICONDUCTOR INC COM CL A 35687M107 629 22608 SH SOLE 22608 0 0 FUEL-TECH N V COM 359523107 10577 661500 SH SOLE 661500 0 0 FURNITURE BRANDS INTL INC COM 360921100 659 26889 SH SOLE 26589 0 300 GENCO SHIPPING & TRADING LTD SHS Y2685T107 10634 624800 SH SOLE 624500 0 300 GENITOPE CORP COM 37229P507 31051 3569040 SH SOLE 3355590 0 213450 GENTEX CORP COM 371901109 350 20051 SH SOLE 20051 0 0 GERDAU AMERISTEEL CORP COM 37373P105 5813 625100 SH SOLE 625100 0 0 GLOBAL-TECH APPLIANCES INC ORD G39320109 4215 1080800 SH SOLE 1080800 0 0 GOODRICH CORP COM 382388106 7311 167635 SH SOLE 167635 0 0 GOVERNMENT PPTYS TR INC COM 38374W107 15840 1660400 SH SOLE 1457400 0 203000 GREY WOLF INC COM 397888108 20130 2705700 SH SOLE 2667600 0 38100 GULF ISLAND FABRICATION INC COM 402307102 12323 520600 SH SOLE 520600 0 0 BLOCK H & R INC COM 093671105 6218 287200 SH SOLE 287000 0 200 HCA INC COM 404119109 6383 139406 SH SOLE 139406 0 0 HAMPSHIRE GROUP LTD COM 408859106 9516 465540 SH SOLE 465540 0 0 HEWLETT PACKARD CO COM 428236103 6013 182766 SH SOLE 182666 0 100 HOOPER HOLMES INC COM 439104100 8975 3105500 SH SOLE 3103500 0 2000 HUDSON HIGHLAND GROUP INC COM 443792106 4735 250000 SH SOLE 250000 0 0 HUNTSMAN CORP COM 447011107 714 37000 SH SOLE 37000 0 0 HUTCHINSON TECHNOLOGY INC COM 448407106 7109 235625 SH SOLE 235625 0 0 IMAGE SENSING SYS INC COM 45244C104 2763 225363 SH SOLE 225363 0 0 IMATION CORP COM 45245A107 7792 181600 SH SOLE 181600 0 0 INDEPENDENT BANK CORP MASS COM 453836108 6052 188257 SH SOLE 188257 0 0 INDUSTRIAL DISTR GROUP INC COM 456061100 2121 251000 SH SOLE 251000 0 0 INPUT/OUTPUT INC COM 457652105 25503 2626500 SH SOLE 2626500 0 0 INSITUFORM TECHNOLOGIES INC CL A 457667103 2660 100000 SH SOLE 100000 0 0 INTER TEL INC COM 458372109 2680 125000 SH SOLE 125000 0 0 INTERDIGITAL COMMUNICATIONS COM 45866A105 99413 4054350 SH SOLE 3929050 0 125300 INTERSECTIONS INC COM 460981301 20036 1771499 SH SOLE 1663832 0 107667 ISOLAGEN INC COM 46488N103 6714 2957600 SH SOLE 2927600 0 30000 HUNT J B TRANS SVCS INC COM 445658107 269 12490 SH SOLE 12490 0 0 JACUZZI BRANDS INC COM 469865109 3974 404300 SH SOLE 404300 0 0 SANFILIPPO JOHN B & SON INC COM 800422107 18220 1150962 SH SOLE 1100600 0 50362 K TRON INTL INC COM 482730108 6715 137950 SH SOLE 108350 0 29600 K2 INC COM 482732104 3765 300000 SH SOLE 300000 0 0 KEANE INC COM 486665102 4749 301500 SH SOLE 301500 0 0 KERYX BIOPHARMACEUTICALS INC COM 492515101 3363 176000 SH SOLE 175100 0 900 KEYNOTE SYS INC COM 493308100 3742 327100 SH SOLE 327100 0 0 LJ INTL INC ORD G55312105 369 100000 SH SOLE 100000 0 0 LECG CORP COM 523234102 3854 200000 SH SOLE 200000 0 0 L S B BANCORP N C COM 502158108 306 17024 SH SOLE 17024 0 0 LSI INDS INC COM 50216C108 2326 136500 SH SOLE 107100 0 29400 LABRANCHE & CO INC COM 505447102 7905 500000 SH SOLE 500000 0 0 LANDRYS RESTAURANTS INC COM 51508L103 519 14700 SH SOLE 14700 0 0 LANTRONIX INC COM 516548104 13338 5700000 SH SOLE 5700000 0 0 LASERCARD CORP COM 51807U101 225 10000 SH SOLE 10000 0 0 LATTICE SEMICONDUCTOR CORP COM 518415104 6720 1009000 SH SOLE 1009000 0 0 LEAPFROG ENTERPRISES INC CL A 52186N106 4248 400000 SH SOLE 400000 0 0 LESCO INC OHIO COM 526872106 6977 407799 SH SOLE 407799 0 0 LEVITT CORP CL A 52742P108 3615 164000 SH SOLE 164000 0 0 LIONS GATE ENTMNT CORP COM NEW 535919203 12231 1205000 SH SOLE 1205000 0 0 LUBRIZOL CORP COM 549271104 5519 128800 SH SOLE 126800 0 2000 MEMC ELECTR MATLS INC COM 552715104 7980 216150 SH SOLE 216150 0 0 MFRI INC COM 552721102 6456 629900 SH SOLE 629900 0 0 MGIC INVT CORP WIS COM 552848103 5449 81775 SH SOLE 81675 0 100 MACE SEC INTL INC COM NEW 554335208 1020 400000 SH SOLE 400000 0 0

VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------- MAGAL SECURITY SYS LTD ORD M6786D104 3914 297000 SH SOLE 297000 0 0 MARSHALL & ILSLEY CORP COM 571834100 7332 168247 SH SOLE 167647 0 600 MARTEN TRANS LTD COM 573075108 13206 730000 SH SOLE 730000 0 0 MASTEC INC COM 576323109 850 60000 SH SOLE 60000 0 0 MATRIX SVC CO COM 576853105 7575 659862 SH SOLE 649862 0 10000 MCDATA CORP CL A 580031201 13866 3001300 SH SOLE 3001300 0 0 MEADE INSTRUMENTS CORP COM 583062104 1481 527000 SH SOLE 527000 0 0 MEADOWBROOK INS GROUP INC COM 58319P108 7000 1000000 SH SOLE 1000000 0 0 MED-DESIGN CORP COM 583926100 50 90000 SH SOLE 90000 0 0 MEDICAL PPTYS TRUST INC COM 58463J304 17522 1622400 SH SOLE 1515200 0 107200 MEDICAL STAFFING NTWK HLDGS COM 58463F104 3199 614000 SH SOLE 612000 0 2000 MEDTOX SCIENTIFIC INC COM NEW 584977201 6136 662600 SH SOLE 630100 0 32500 MEDWAVE INC COM 585081102 4366 1235200 SH SOLE 1235200 0 0 MENTOR GRAPHICS CORP COM 587200106 9278 839600 SH SOLE 838900 0 700 MESA AIR GROUP INC COM 590479101 6191 541200 SH SOLE 541200 0 0 MET PRO CORP COM 590876306 5296 400000 SH SOLE 400000 0 0 METASOLV INC COM 59139P104 1963 641600 SH SOLE 637900 0 3700 METAL MGMT INC COM NEW 591097209 4759 150375 SH SOLE 150375 0 0 MIDWEST AIR GROUP INC COM 597911106 9841 1491000 SH SOLE 1491000 0 0 MOCON INC COM 607494101 1445 160245 SH SOLE 160245 0 0 MODINE MFG CO COM 607828100 3836 130050 SH SOLE 130050 0 0 MONTEREY GOURMET FOODS INC COM 612570101 3397 772157 SH SOLE 770457 0 1700 MOTHERS WK INC COM 619903107 10667 444100 SH SOLE 444100 0 0 MOTOROLA INC COM 620076109 7353 320943 SH SOLE 320543 0 400 MULTIMEDIA GAMES INC COM 625453105 15072 1012900 SH SOLE 1012900 0 0 NATCO GROUP INC CL A 63227W203 18461 681200 SH SOLE 656400 0 24800 NCI INC CL A 62886K104 3830 273546 SH SOLE 273546 0 0 NRG ENERGY INC COM NEW 629377508 5508 121800 SH SOLE 121600 0 200 NAM TAI ELECTRS INC COM 629865205 6873 300000 SH SOLE 300000 0 0 NATIONAL HOME HEALTH CARE CO COM 636380107 4723 441000 SH SOLE 441000 0 0 NATROL INC COM 638789107 2625 1250000 SH SOLE 1250000 0 0 NATURES SUNSHINE PRODUCTS IN COM 639027101 10635 850819 SH SOLE 796119 0 54700 NAUTILUS INC COM 63910B102 2990 200000 SH SOLE 200000 0 0 NEWPARK RES INC COM PAR $.01 NEW 651718504 28229 3442600 SH SOLE 3303300 0 139300 NOBLE INTL LTD COM 655053106 3386 200000 SH SOLE 200000 0 0 NORTEL NETWORKS CORP NEW COM 656568102 2601 852800 SH SOLE 812800 0 40000 NORTHERN TECH INTL CORP COM 665809109 443 55000 SH SOLE 55000 0 0 NORTHWEST PIPE CO COM 667746101 7588 250000 SH SOLE 250000 0 0 NOVELL INC COM 670006105 8448 1100000 SH SOLE 1100000 0 0 NU SKIN ENTERPRISES INC CL A 67018T105 4383 250000 SH SOLE 250000 0 0 O I CORP COM 670841105 3489 245900 SH SOLE 245900 0 0 OSI SYSTEMS INC COM 671044105 2113 100000 SH SOLE 100000 0 0 OAKLEY INC COM 673662102 8510 500000 SH SOLE 500000 0 0 OIL DRI CORP AMER COM 677864100 12158 607900 SH SOLE 571600 0 36300 OMNICELL INC COM 68213N109 3611 317000 SH SOLE 317000 0 0 OMNOVA SOLUTIONS INC COM 682129101 4732 773200 SH SOLE 773200 0 0 ON ASSIGNMENT INC COM 682159108 5113 465697 SH SOLE 465697 0 0 OPNET TECHNOLOGIES INC COM 683757108 5360 500000 SH SOLE 500000 0 0 OREGON STL MLS INC COM 686079104 9019 176250 SH SOLE 176250 0 0 ORIGIN AGRITECH LIMITED SHS G67828106 858 50000 SH SOLE 50000 0 0 ORTHOLOGIC CORP COM 68750J107 8871 4032279 SH SOLE 3798679 0 233600 ORTHOVITA INC COM 68750U102 4672 1128572 SH SOLE 1128572 0 0 OSTEOTECH INC COM 688582105 7061 1612200 SH SOLE 1612200 0 0 OUTLOOK GROUP CORP COM 690113105 3921 300000 SH SOLE 300000 0 0 GLATFELTER COM 377316104 6596 359850 SH SOLE 358950 0 900 PAB BANKSHARES INC COM 69313P101 1942 100000 SH SOLE 100000 0 0

VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------- PDI INC COM 69329V100 22929 1964750 SH SOLE 1854950 0 109800 PMA CAP CORP CL A 693419202 4845 475900 SH SOLE 473300 0 2600 PPG INDS INC COM 693506107 5975 94325 SH SOLE 94225 0 100 PRAECIS PHARMACEUTICALS INC COM NEW 739421402 314 59003 SH SOLE 59003 0 0 PRG-SCHULTZ INTERNATIONAL IN COM 69357C107 2117 3471700 SH SOLE 3145900 0 325800 PACIFIC PREMIER BANCORP COM 69478X105 240 20500 SH SOLE 20500 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 6346 225200 SH SOLE 225200 0 0 PARAMETRIC TECHNOLOGY CORP COM NEW 699173209 7185 440000 SH SOLE 440000 0 0 PAREXEL INTL CORP COM 699462107 8038 304025 SH SOLE 304025 0 0 PARKERVISION INC COM 701354102 16365 1500000 SH SOLE 1500000 0 0 PATRICK INDS INC COM 703343103 4757 400725 SH SOLE 364425 0 36300 PATTERSON UTI ENERGY INC COM 703481101 1246 39000 SH SOLE 39000 0 0 PERMA-FIX ENVIRONMENTAL SVCS COM 714157104 287 150100 SH SOLE 150100 0 0 PEROT SYS CORP CL A 714265105 7780 500000 SH SOLE 500000 0 0 PFIZER INC COM 717081103 7607 305270 SH SOLE 305070 0 200 PHOENIX COS INC NEW COM 71902E109 4890 300000 SH SOLE 300000 0 0 PHOENIX FOOTWEAR GROUP INC COM 71903M100 4183 709000 SH SOLE 709000 0 0 PLAINS EXPL& PRODTN CO COM 726505100 13930 360500 SH SOLE 351200 0 9300 PLATO LEARNING INC COM 72764Y100 14147 1490700 SH SOLE 1379300 0 111400 POORE BROS INC COM 732813100 5851 2089522 SH SOLE 2089522 0 0 POWELL INDS INC COM 739128106 6852 314599 SH SOLE 314599 0 0 PRESIDENTIAL LIFE CORP COM 740884101 32629 1284100 SH SOLE 1240800 0 43300 PRINCETON REVIEW INC COM 742352107 10647 1759872 SH SOLE 1717872 0 42000 PROVIDENT FINL SVCS INC COM 74386T105 4978 275000 SH SOLE 275000 0 0 PURECYCLE CORP COM NEW 746228303 7547 539100 SH SOLE 539100 0 0 QUAKER CHEM CORP COM 747316107 1794 82500 SH SOLE 82500 0 0 QUANTUM FUEL SYS TECH WORLDW COM 74765E109 2148 600000 SH SOLE 600000 0 0 QUINTANA MARITIME LTD SHS Y7169G109 4457 504700 SH SOLE 504700 0 0 QUOVADX INC COM 74913K106 18824 5901000 SH SOLE 5651000 0 250000 RCM TECHNOLOGIES INC COM NEW 749360400 9968 1543000 SH SOLE 1424200 0 118800 RPM INTL INC COM 749685103 4841 269850 SH SOLE 268350 0 1500 RAILAMERICA INC COM 750753105 19004 1782700 SH SOLE 1726800 0 55900 REALNETWORKS INC COM 75605L104 771 93500 SH SOLE 93500 0 0 REGIS CORP MINN COM 758932107 13826 401000 SH SOLE 401000 0 0 RENASANT CORP COM 75970E107 4363 118100 SH SOLE 117600 0 500 RENT A CTR INC NEW COM 76009N100 11927 466100 SH SOLE 466100 0 0 RIVERVIEW BANCORP INC COM 769397100 830 31000 SH SOLE 31000 0 0 ROBBINS & MYERS INC COM 770196103 9653 446900 SH SOLE 446900 0 0 RUBY TUESDAY INC COM 781182100 1538 47950 SH SOLE 47950 0 0 RYDER SYS INC COM 783549108 7288 162750 SH SOLE 162750 0 0 SCPIE HLDGS INC COM 78402P104 8808 359500 SH SOLE 359500 0 0 SCS TRANSN INC COM 81111T102 7278 250000 SH SOLE 250000 0 0 SM&A COM 78465D105 1950 300000 SH SOLE 300000 0 0 SRI/SURGICAL EXPRESS INC COM 78464W104 5000 848900 SH SOLE 785000 0 63900 SAFENET INC COM 78645R107 6437 243100 SH SOLE 243100 0 0 SCOTTISH RE GROUP LTD ORD G7885T104 5481 220900 SH SOLE 220900 0 0 SEAGATE TECHNOLOGY SHS G7945J104 6277 239300 SH SOLE 239300 0 0 SEGMENTZ INC COM 815801105 194 200000 SH SOLE 200000 0 0 SENESCO TECHNOLOGIES INC COM NEW 817208408 3032 1416600 SH SOLE 1406600 0 10000 SENSIENT TECHNOLOGIES CORP COM 81725T100 20390 1129629 SH SOLE 1098729 0 30900 SHOE CARNIVAL INC COM 824889109 13213 528955 SH SOLE 517955 0 11000 SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 2235 75100 SH SOLE 75100 0 0 SIMPLETECH INC COM 828823104 482 128151 SH SOLE 128151 0 0 SIRNA THERAPEUTICS INC COM 829669100 50175 7444360 SH SOLE 7185840 0 258520 SITEL CORP COM 82980K107 24032 5722000 SH SOLE 5300500 0 421500 SKYWORKS SOLUTIONS INC COM 83088M102 13192 1942800 SH SOLE 1940200 0 2600

VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------- SMITH & WOLLENSKY RESTAURANT COM 831758107 3816 663700 SH SOLE 663700 0 0 SMITHFIELD FOODS INC COM 832248108 5743 195725 SH SOLE 195725 0 0 SMITHWAY MTR XPRESS CORP CL A 832653109 1235 129676 SH SOLE 129676 0 0 SMURFIT-STONE CONTAINER CORP COM 832727101 2090 154000 SH SOLE 154000 0 0 SOUTHWEST AIRLS CO COM 844741108 3750 208438 SH SOLE 208438 0 0 SPAR GROUP INC COM 784933103 1596 1228000 SH SOLE 1228000 0 0 SPECIALTY UNDERWRITERS ALLIA COM 84751T309 1534 225558 SH SOLE 225558 0 0 STAAR SURGICAL CO COM PAR $0.01 852312305 28353 3160850 SH SOLE 2985550 0 175300 STANDARD MTR PRODS INC COM 853666105 2184 245900 SH SOLE 245900 0 0 STEPAN CO COM 858586100 2979 100800 SH SOLE 100800 0 0 STERLING FINL CORP WASH COM 859319105 17802 613847 SH SOLE 613847 0 0 STEWART & STEVENSON SVCS INC COM 860342104 303 8300 SH SOLE 8300 0 0 STEWART ENTERPRISES INC CL A 860370105 308 53900 SH SOLE 53900 0 0 STIFEL FINL CORP COM 860630102 9235 211466 SH SOLE 202933 0 8533 STRIDE RITE CORP COM 863314100 8781 606400 SH SOLE 606400 0 0 SUMMIT BK CORP GA COM 866013105 1556 102700 SH SOLE 102700 0 0 SUNOPTA INC COM 8676EP108 1750 203300 SH SOLE 203300 0 0 SUNTERRA CORP COM NEW 86787D208 17921 1255000 SH SOLE 1192900 0 62100 SUNTRUST BKS INC COM 867914103 7150 98275 SH SOLE 98175 0 100 SUPERIOR INDS INTL INC COM 868168105 4855 250800 SH SOLE 250800 0 0 SWIFT ENERGY CO COM 870738101 3753 100200 SH SOLE 100200 0 0 SWIFT TRANSN CO COM 870756103 6519 300000 SH SOLE 300000 0 0 SYCAMORE NETWORKS INC COM 871206108 47 10000 SH SOLE 10000 0 0 TD BANKNORTH INC COM 87235A101 293 9980 SH SOLE 7680 0 2300 TODCO CL A 88889T107 7291 185000 SH SOLE 185000 0 0 TARO PHARMACEUTICAL INDS LTD ORD M8737E108 6622 475000 SH SOLE 475000 0 0 TASTY BAKING CO COM 876553306 3479 434877 SH SOLE 434877 0 0 TECHTEAM GLOBAL INC COM 878311109 5810 522000 SH SOLE 522000 0 0 TELETECH HOLDINGS INC COM 879939106 3496 314700 SH SOLE 313800 0 900 TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 4813 214100 SH SOLE 213700 0 400 TEXAS UTD BANCSHARES INC COM 882838105 2147 101700 SH SOLE 101700 0 0 GEO GROUP INC COM 36159R103 12899 386900 SH SOLE 386900 0 0 THIRD WAVE TECHNOLOGIES COM 88428W108 4368 1395550 SH SOLE 1395550 0 0 TIDEWATER INC COM 886423102 14705 266247 SH SOLE 265847 0 400 TIER TECHNOLOGIES INC CL B 88650Q100 20091 2495817 SH SOLE 2361367 0 134450 TIMBERLAND BANCORP INC COM 887098101 633 22450 SH SOLE 22450 0 0 TRINITY BIOTECH PLC SPON ADR NEW 896438306 5154 565753 SH SOLE 563453 0 2300 TRIUMPH GROUP INC NEW COM 896818101 8290 187300 SH SOLE 175300 0 12000 TYCO INTL LTD NEW COM 902124106 7994 297400 SH SOLE 294200 0 3200 TYSON FOODS INC CL A 902494103 1273 92650 SH SOLE 92650 0 0 URS CORP NEW COM 903236107 17613 437601 SH SOLE 430301 0 7300 UNION PAC CORP COM 907818108 7523 80592 SH SOLE 80392 0 200 UNITED AUTO GROUP INC COM 909440109 5228 121575 SH SOLE 121575 0 0 UNIVERSAL STAINLESS & ALLOY COM 913837100 3213 125000 SH SOLE 125000 0 0 UNUMPROVIDENT CORP COM 91529Y106 14568 711350 SH SOLE 711050 0 300 UROPLASTY INC COM NEW 917277204 1440 600000 SH SOLE 600000 0 0 URSTADT BIDDLE PPTYS INS CL A 917286205 373 20700 SH SOLE 16700 0 4000 VAIL BANKS INC COM 918779109 1447 89800 SH SOLE 89800 0 0 VOLT INFORMATION SCIENCES IN COM 928703107 11709 383150 SH SOLE 383150 0 0 W-H ENERGY SVCS INC COM 92925E109 458 10300 SH SOLE 10300 0 0 WCI CMNTYS INC COM 92923C104 6336 227735 SH SOLE 227635 0 100 WAL MART STORES INC COM 931142103 6220 131666 SH SOLE 131666 0 0 WASHINGTON GROUP INTL INC COM NEW 938862208 3906 68065 SH SOLE 68065 0 0 WASHINGTON MUT INC COM 939322103 4990 117072 SH SOLE 117072 0 0 WATCHGUARD TECHNOLOGIES INC COM 941105108 21664 4247905 SH SOLE 3996405 0 251500 WAUSAU PAPER CORP COM 943315101 8161 575900 SH SOLE 574700 0 1200

VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------- WISCONSIN ENERGY CORP COM 976657106 3354 83880 SH SOLE 83680 0 200 WRIGHT MED GROUP INC COM 98235T107 4938 250000 SH SOLE 250000 0 0 YOUBET COM INC COM 987413101 1382 253200 SH SOLE 253200 0 0 ZAREBA SYSTEMS INC COM 989131107 1541 228000 SH SOLE 228000 0 0 ZIX CORP COM 98974P100 2245 1537500 SH SOLE 1537500 0 0 EPLUS INC COM 294268107 2366 166235 SH SOLE 166235 0 0 ESPEED INC CL A 296643109 3985 500000 SH SOLE 500000 0 0 TOTAL 2447111 TOTAL ENTRIES 343