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
Altria Group Inc. COM 02209S103 364 10,400 SH   SOLE   10,400 0 0
Amdocs LTD COM G02602103 43,741 1,179,316 SH   SOLE   1,142,916 0 36,400
Amerisafe Inc. COM 03071H100 43,965 1,357,774 SH   SOLE   1,068,154 0 289,620
Amerisafe Inc. COM 03071H100 458 14,154 SH   OTR 4 14,154 0 0
Ares Capital Corp. COM 04010L103 29,046 1,688,720 SH   SOLE   1,327,074 0 361,646
Ares Capital Corp. COM 04010L103 301 17,507 SH   OTR 4 17,507 0 0
Autozone Inc. COM 053332102 57,042 134,632 SH   SOLE   131,082 0 3,550
Bristol-Myers Squibb Co. COM 110122108 371 8,312 SH   SOLE   8,312 0 0
Brookdale Sr Living Inc. COM 112463104 44,206 1,671,922 SH   SOLE   1,325,150 0 346,772
Brookdale Sr Living Inc. COM 112463104 439 16,599 SH   OTR 4 16,599 0 0
Brookfield Asset Mgmt Inc. Cla COM 112585104 20,528 569,909 SH   SOLE   532,134 0 37,775
Brookfield Infrast Partners LP COM G16252101 441 12,070 SH   SOLE   12,070 0 0
Buckeye Technologies Inc. COM 118255108 111,978 3,023,177 SH   SOLE   2,642,232 0 380,945
Buckeye Technologies Inc. COM 118255108 576 15,563 SH   OTR 4 15,563 0 0
Chevron Corp COM 166764100 244 2,066 SH   SOLE   2,066 0 0
Corrections Corp of America COM 22025Y407 110,676 3,267,669 SH   SOLE   2,906,886 0 360,783
Corrections Corp of America COM 22025Y407 582 17,196 SH   OTR 4 17,196 0 0
Dun & Bradstreet Corp COM 26483E100 30,742 315,464 SH   SOLE   306,334 0 9,130
Ensco PLC Shares Class A COM G3157S106 24,618 423,575 SH   SOLE   407,750 0 15,825
Exelis Inc COM 30162A108 1,042 75,530 SH   SOLE   57,130 0 18,400
FedEx Corp. COM 31428X106 25,355 257,198 SH   SOLE   239,873 0 17,325
Fifth Street Finance COM 31678A103 367 35,145 SH   SOLE   35,145 0 0
First Cash Financial Services COM 31942D107 43,767 889,400 SH   SOLE   704,410 0 184,990
First Cash Financial Services COM 31942D107 445 9,033 SH   OTR 4 9,033 0 0
First Horizon Natl Corp COM 320517105 554 49,453 SH   SOLE   49,453 0 0
Fiserv Inc COM 337738108 46,847 535,946 SH   SOLE   519,321 0 16,625
Flowserve Corp COM 34354P105 50,985 943,995 SH   SOLE   908,220 0 35,775
Frontier Communications Corp COM 35906A108 99 24,480 SH   SOLE   24,480 0 0
Gannett Inc. COM 364730101 82,949 3,391,225 SH   SOLE   3,303,000 0 88,225
Gardner Denver Inc COM 365558105 5,121 68,111 SH   SOLE   265 0 67,846
Gencorp COM 368682100 65,484 4,027,305 SH   SOLE   3,418,950 0 608,355
Gencorp COM 368682100 487 29,921 SH   OTR 4 29,921 0 0
Haynes International Inc COM 420877201 34,182 714,065 SH   SOLE   565,700 0 148,365
Haynes International Inc COM 420877201 345 7,217 SH   OTR 4 7,217 0 0
HCC Insurance Holdings Inc. COM 404132102 52,833 1,225,550 SH   SOLE   1,182,575 0 42,975
Howard Hughes Corp COM 44267D107 100,478 896,402 SH   SOLE   786,303 0 110,099
Howard Hughes Corp COM 44267D107 579 5,167 SH   OTR 4 5,167 0 0
HSN Inc. COM 404303109 91,373 1,700,915 SH   SOLE   1,466,745 0 234,170
HSN Inc. COM 404303109 612 11,400 SH   OTR 4 11,400 0 0
Infinity Property & Casualty C COM 45665Q103 45,924 768,480 SH   SOLE   621,950 0 146,530
Infinity Property & Casualty C COM 45665Q103 427 7,148 SH   OTR 4 7,148 0 0
International Business Machine COM 459200101 287 1,500 SH   SOLE   1,500 0 0
Jarden Corp. COM 471109108 65,198 1,490,250 SH   SOLE   1,174,316 0 315,934
Jarden Corp. COM 471109108 684 15,642 SH   OTR 4 15,642 0 0
Kinder Morgan Management LLC COM 49455U100 1,574 18,827 SH   SOLE   18,827 0 0
Liberty Interactive Corp Class COM 53071M104 23,181 1,007,439 SH   SOLE   937,789 0 69,650
Liberty Ventures Series A COM 53071M880 4,981 58,588 SH   SOLE   54,286 0 4,302
Liquidity Services Inc COM 53635B107 84,298 2,431,438 SH   SOLE   2,143,728 0 287,710
Liquidity Services Inc COM 53635B107 475 13,714 SH   OTR 4 13,714 0 0
MacQuarie Infrastructure Co LL COM 55608B105 385 7,200 SH   SOLE   7,200 0 0
ManTech Intl Corp Class A COM 564563104 4,017 153,800 SH   SOLE   0 0 153,800
Medidata Solutions Inc COM 58471A105 35,464 457,890 SH   SOLE   361,200 0 96,690
Medidata Solutions Inc COM 58471A105 360 4,654 SH   OTR 4 4,654 0 0
Mettler Toledo International COM 592688105 23,195 115,285 SH   SOLE   115,285 0 0
MSC Industrial Direct Co-A COM 553530106 98,999 1,278,062 SH   SOLE   1,123,967 0 154,095
MSC Industrial Direct Co-A COM 553530106 515 6,651 SH   OTR 4 6,651 0 0
MTS Systems Corp COM 553777103 43,752 773,000 SH   SOLE   608,600 0 164,400
MTS Systems Corp COM 553777103 432 7,627 SH   OTR 4 7,627 0 0
Oceaneering Intl., Inc. COM 675232102 1,418 19,640 SH   SOLE   19,640 0 0
Open Text Corp COM 683715106 55,201 806,210 SH   SOLE   782,810 0 23,400
Philip Morris Intl Inc COM 718172109 901 10,400 SH   SOLE   10,400 0 0
Pool Corp. COM 73278L105 27,533 525,347 SH   SOLE   415,030 0 110,317
Pool Corp. COM 73278L105 281 5,367 SH   OTR 4 5,367 0 0
PVR Partners LP COM 693665101 427 15,653 SH   SOLE   15,653 0 0
Regions Financial Corp COM 7591EP100 254 26,682 SH   SOLE   26,682 0 0
Rush Enterprises Inc Class A COM 781846209 40,929 1,653,702 SH   SOLE   1,302,545 0 351,157
Rush Enterprises Inc Class A COM 781846209 424 17,130 SH   OTR 4 17,130 0 0
Scripps Networks Interactive C COM 811065101 44,684 669,330 SH   SOLE   650,230 0 19,100
Service Corp International COM 817565104 37,464 2,077,870 SH   SOLE   1,990,070 0 87,800
Sirius XM Radio Inc COM 82967N108 31,681 9,457,123 SH   SOLE   8,871,198 0 585,925
Stancorp Financial Group COM 852891100 45,731 925,535 SH   SOLE   807,295 0 118,240
Stancorp Financial Group COM 852891100 281 5,693 SH   OTR 4 5,693 0 0
Stanley Black & Decker COM 854502101 19,787 255,977 SH   SOLE   240,777 0 15,200
Stewart Enterprises Inc Cl A COM 860370105 7,477 569,915 SH   SOLE   37,915 0 532,000
Strategic Hotels & Resorts Inc COM 86272T106 21,492 2,425,690 SH   SOLE   1,908,490 0 517,200
Strategic Hotels & Resorts Inc COM 86272T106 228 25,710 SH   OTR 4 25,710 0 0
Tesco Corp. COM 88157K101 21,823 1,647,025 SH   SOLE   1,289,715 0 357,310
Tesco Corp. COM 88157K101 226 17,077 SH   OTR 4 17,077 0 0
Thermo Fisher Scientific Inc. COM 883556102 73,840 872,500 SH   SOLE   846,400 0 26,100
Thermon Group Holding Inc COM 88362T103 27,772 1,361,375 SH   SOLE   1,074,835 0 286,540
Thermon Group Holding Inc COM 88362T103 291 14,249 SH   OTR 4 14,249 0 0
Tupperware Brands Corp. COM 899896104 412 5,300 SH   SOLE   5,300 0 0
UniFirst Corp COM 904708104 39,445 432,279 SH   SOLE   340,324 0 91,955
UniFirst Corp COM 904708104 388 4,253 SH   OTR 4 4,253 0 0
Walter Energy Inc COM 93317Q105 125 12,000 SH   SOLE   12,000 0 0
Walter Energy Inc COM 93317Q105 2 176 SH   OTR 4 176 0 0
Walter Investment Management C COM 93317W102 116,244 3,438,164 SH   SOLE   3,019,498 0 418,666
Walter Investment Management C COM 93317W102 685 20,259 SH   OTR 4 20,259 0 0
Weatherford International LTD COM H27013103 2,450 178,800 SH   SOLE   140,200 0 38,600
Western Union Co COM 959802109 3,233 188,950 SH   SOLE   151,750 0 37,200
Willis Group Holdings Public L COM G96666105 47,575 1,166,634 SH   SOLE   1,132,834 0 33,800
Xylem Inc COM 98419M100 28,770 1,067,935 SH   SOLE   1,031,935 0 36,000
Zebra Technologies Corp Cl A COM 989207105 76,528 1,761,685 SH   SOLE   1,539,655 0 222,030
Zebra Technologies Corp Cl A COM 989207105 463 10,660 SH   OTR 4 10,660 0 0
Stewart Enterprises Inc CNV 860370AK1 722 560,000 PRN   SOLE   560,000 0 0
iShares - Barclays 1-3 Credit MF 464288646 203 1,934 SH   SOLE   1,934 0 0
iShares - Barclays Intermediat MF 464288638 1,205 11,191 SH   SOLE   11,191 0 0
iShares - High Yield Corporate MF 464288513 2,154 23,700 SH   SOLE   23,700 0 0
iShares - S&P National AMT-Fre MF 464288414 578 5,500 SH   SOLE   5,500 0 0
iShares - Dow Jones Select Div MF 464287168 1,735 27,100 SH   SOLE   27,100 0 0
iShares - Russell 2000 MF 464287655 11,019 113,600 SH   SOLE   113,600 0 0
iShares - Russell 2000 Value MF 464287630 38,973 453,706 SH   SOLE   356,781 0 96,925
iShares - Russell 3000 Value MF 464287663 361 3,300 SH   SOLE   3,300 0 0
iShares - Russell Midcap Value MF 464287473 880 15,200 SH   SOLE   0 0 15,200
Shire PLC ADR COM 82481R106 53,423 561,696 SH   SOLE   544,581 0 17,115