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
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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
Aerojet Rocketdyne Holdings COM 007800105 64,612 4,125,898 SH   SOLE   3,380,103 0 745,795
Aerojet Rocketdyne Holdings COM 007800105 718 45,842 SH   OTR 4 45,842 0 0
Amdocs LTD COM G02602103 109,098 1,999,236 SH   SOLE   1,102,429 0 896,807
Amerisafe Inc. COM 03071H100 32,523 638,955 SH   SOLE   547,300 0 91,655
Amerisafe Inc. COM 03071H100 776 15,241 SH   OTR 4 15,241 0 0
Ares Capital Corp. COM 04010L103 19,325 1,356,115 SH   SOLE   1,104,940 0 251,175
Ares Capital Corp. COM 04010L103 367 25,745 SH   OTR 4 25,745 0 0
Autozone Inc. COM 053332102 155,917 210,156 SH   SOLE   125,673 0 84,483
Belmond LTD COM G1154H107 33,628 3,539,780 SH   SOLE   3,018,430 0 521,350
Belmond LTD COM G1154H107 665 70,049 SH   OTR 4 70,049 0 0
Bristol-Myers Squibb Co. COM 110122108 572 8,312 SH   SOLE   8,312 0 0
Brookdale Sr Living Inc. COM 112463104 72,569 3,931,127 SH   SOLE   3,240,517 0 690,610
Brookdale Sr Living Inc. COM 112463104 822 44,515 SH   OTR 4 44,515 0 0
Brookfield Asset Mgmt Inc. Cla COM 112585104 56,122 1,779,968 SH   SOLE   800,145 0 979,823
Brookfield Infrast Partners LP COM G16252101 349 9,195 SH   SOLE   9,195 0 0
Cardtronics Inc COM 14161H108 54,019 1,605,305 SH   SOLE   1,332,715 0 272,590
Cardtronics Inc COM 14161H108 761 22,602 SH   OTR 4 22,602 0 0
CGI Group Inc - Class A COM 39945C109 136,405 3,407,568 SH   SOLE   1,961,825 0 1,445,743
Corrections Corp of America COM 22025Y407 95,363 3,599,952 SH   SOLE   2,439,793 0 1,160,159
Corrections Corp of America COM 22025Y407 549 20,724 SH   OTR 4 20,724 0 0
Discovery Comm Cl A COM 25470F104 89,115 3,340,139 SH   SOLE   1,851,003 0 1,489,136
Dorman Products Inc COM 258278100 51,874 1,092,770 SH   SOLE   931,550 0 161,220
Dorman Products Inc COM 258278100 1,128 23,762 SH   OTR 4 23,762 0 0
Dun & Bradstreet Corp COM 26483E100 106,072 1,020,606 SH   SOLE   572,286 0 448,320
FedEx Corp. COM 31428X106 48,697 326,846 SH   SOLE   153,057 0 173,789
First Cash Financial Services COM 31942D107 36,684 980,074 SH   SOLE   837,769 0 142,305
First Cash Financial Services COM 31942D107 710 18,961 SH   OTR 4 18,961 0 0
First Horizon Natl Corp COM 320517105 294 20,217 SH   SOLE   20,217 0 0
Fiserv Inc COM 337738108 151,214 1,653,334 SH   SOLE   928,855 0 724,479
Flowserve Corp COM 34354P105 74,113 1,761,240 SH   SOLE   921,777 0 839,463
FMC Corp. COM 302491303 11,267 287,925 SH   SOLE   115,025 0 172,900
Gannett Inc. COM 36473H104 145,053 8,904,424 SH   SOLE   6,114,288 0 2,790,136
Gannett Inc. COM 36473H104 1,051 64,504 SH   OTR 4 64,504 0 0
Haynes International Inc COM 420877201 20,879 569,078 SH   SOLE   491,213 0 77,865
Haynes International Inc COM 420877201 391 10,654 SH   OTR 4 10,654 0 0
Howard Hughes Corp COM 44267D107 115,127 1,017,386 SH   SOLE   708,207 0 309,179
Howard Hughes Corp COM 44267D107 916 8,098 SH   OTR 4 8,098 0 0
HSN Inc. COM 404303109 78,404 1,547,340 SH   SOLE   1,284,725 0 262,615
HSN Inc. COM 404303109 855 16,882 SH   OTR 4 16,882 0 0
Infinity Property & Casualty C COM 45665Q103 47,227 574,325 SH   SOLE   497,380 0 76,945
Infinity Property & Casualty C COM 45665Q103 948 11,533 SH   OTR 4 11,533 0 0
International Business Machine COM 459200101 206 1,500 SH   SOLE   1,500 0 0
Jarden Corp. COM 471109108 182,360 3,192,585 SH   SOLE   2,115,001 0 1,077,584
Jarden Corp. COM 471109108 1,003 17,566 SH   OTR 4 17,566 0 0
Kinder Morgan Inc COM 49456B101 271 18,193 SH   SOLE   18,193 0 0
Liberty Interactive Corp QVC G COM 53071M104 62,589 2,290,960 SH   SOLE   946,021 0 1,344,939
Liberty Ventures Series A COM 53071M880 27,350 606,302 SH   SOLE   256,537 0 349,765
MacQuarie Infrastructure Corp COM 55608B105 225 3,100 SH   SOLE   3,100 0 0
Mettler Toledo International COM 592688105 49,608 146,280 SH   SOLE   113,680 0 32,600
MSC Industrial Direct Co-A COM 553530106 119,706 2,127,352 SH   SOLE   1,382,977 0 744,375
MSC Industrial Direct Co-A COM 553530106 666 11,838 SH   OTR 4 11,838 0 0
MTS Systems Corp COM 553777103 38,382 605,291 SH   SOLE   519,126 0 86,165
MTS Systems Corp COM 553777103 781 12,321 SH   OTR 4 12,321 0 0
Open Text Corp COM 683715106 164,556 3,433,263 SH   SOLE   1,924,480 0 1,508,783
Pool Corp. COM 73278L105 32,913 407,440 SH   SOLE   349,530 0 57,910
Pool Corp. COM 73278L105 701 8,684 SH   OTR 4 8,684 0 0
Rush Enterprises Inc Class A COM 781846209 40,067 1,830,369 SH   SOLE   1,568,029 0 262,340
Rush Enterprises Inc Class A COM 781846209 771 35,223 SH   OTR 4 35,223 0 0
Scripps Networks Interactive C COM 811065101 64,177 1,162,413 SH   SOLE   706,394 0 456,019
Service Corp International COM 817565104 69,147 2,657,449 SH   SOLE   1,782,849 0 874,600
Sirius XM Holdings Inc. COM 82968B103 79,882 19,627,116 SH   SOLE   9,163,393 0 10,463,723
Stanley Black & Decker COM 854502101 53,613 502,323 SH   SOLE   215,099 0 287,224
TEGNA Inc COM 87901J105 170,053 6,663,512 SH   SOLE   3,815,850 0 2,847,662
Teleflex Inc COM 879369106 82,542 627,932 SH   SOLE   342,240 0 285,692
Thermo Fisher Scientific Inc. COM 883556102 132,015 930,663 SH   SOLE   619,063 0 311,600
Thermon Group Holding Inc COM 88362T103 18,434 1,089,454 SH   SOLE   940,464 0 148,990
Thermon Group Holding Inc COM 88362T103 354 20,915 SH   OTR 4 20,915 0 0
Tribune Media Co COM 896047503 54,671 1,617,003 SH   SOLE   776,190 0 840,813
UniFirst Corp COM 904708104 34,439 330,506 SH   SOLE   281,166 0 49,340
UniFirst Corp COM 904708104 718 6,891 SH   OTR 4 6,891 0 0
ViaSat Inc COM 92552V100 132,658 2,174,359 SH   SOLE   1,496,590 0 677,769
ViaSat Inc COM 92552V100 893 14,637 SH   OTR 4 14,637 0 0
Walter Investment Management C COM 93317W102 55,398 3,895,795 SH   SOLE   2,829,853 0 1,065,942
Walter Investment Management C COM 93317W102 424 29,783 SH   OTR 4 29,783 0 0
Western Union Co COM 959802109 9,648 538,698 SH   SOLE   222,899 0 315,799
Willis Group Holdings Public L COM G96666105 94,414 1,943,876 SH   SOLE   1,125,774 0 818,102
Xylem Inc COM 98419M100 58,201 1,594,554 SH   SOLE   1,080,580 0 513,974
Zebra Technologies Corp Cl A COM 989207105 176,663 2,536,443 SH   SOLE   1,668,719 0 867,724
Zebra Technologies Corp Cl A COM 989207105 1,159 16,647 SH   OTR 4 16,647 0 0
iShares - Barclays 1-3 Credit MF 464288646 656 6,274 SH   SOLE   6,274 0 0
iShares - Barclays Intermediat MF 464288638 659 6,145 SH   SOLE   6,145 0 0
iShares - High Yield Corporate MF 464288513 1,432 17,765 SH   SOLE   17,765 0 0
SPDR High Yield Bond Fund MF 78464A417 454 13,400 SH   SOLE   13,400 0 0
Vanguard Short Term Govt Bond MF 92206C102 230 3,785 SH   SOLE   3,785 0 0
iShares - Dow Jones Select Div MF 464287168 1,946 25,900 SH   SOLE   25,900 0 0
iShares - Russell 2000 MF 464287655 3,029 26,900 SH   SOLE   26,900 0 0
iShares - Russell 2000 Value MF 464287630 39,038 424,605 SH   SOLE   287,175 0 137,430
iShares - Russell 2000 Value MF 464287630 832 9,052 SH   OTR 4 9,052 0 0
iShares - Russell Midcap Value MF 464287473 3,124 45,500 SH   SOLE   41,100 0 4,400