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
Aerojet Rocketdyne Holdings COM 007800105 87,012 4,221,847 SH   SOLE   3,474,542 0 747,305
Aerojet Rocketdyne Holdings COM 007800105 809 39,229 SH   OTR 4 39,229 0 0
Amdocs LTD COM G02602103 95,636 1,751,890 SH   SOLE   1,157,311 0 594,579
Amerisafe Inc. COM 03071H100 49,748 1,057,117 SH   SOLE   904,552 0 152,565
Amerisafe Inc. COM 03071H100 866 18,411 SH   OTR 4 18,411 0 0
Ares Capital Corp. COM 04010L103 22,234 1,350,799 SH   SOLE   1,098,749 0 252,050
Ares Capital Corp. COM 04010L103 374 22,749 SH   OTR 4 22,749 0 0
Autozone Inc. COM 053332102 124,484 186,660 SH   SOLE   130,395 0 56,265
Belmond LTD COM G1154H107 15,152 1,213,143 SH   SOLE   980,818 0 232,325
Belmond LTD COM G1154H107 225 18,002 SH   OTR 4 18,002 0 0
Bristol-Myers Squibb Co. COM 110122108 553 8,312 SH   SOLE   8,312 0 0
Brookdale Sr Living Inc. COM 112463104 45,969 1,324,762 SH   SOLE   1,144,232 0 180,530
Brookdale Sr Living Inc. COM 112463104 785 22,616 SH   OTR 4 22,616 0 0
Brookfield Asset Mgmt Inc. Cla COM 112585104 48,565 1,390,364 SH   SOLE   813,887 0 576,477
Brookfield Infrast Partners LP COM G16252101 428 9,590 SH   SOLE   9,590 0 0
CGI Group Inc - Class A COM 39945C109 101,646 2,600,961 SH   SOLE   1,772,379 0 828,582
Corrections Corp of America COM 22025Y407 107,095 3,237,466 SH   SOLE   2,526,521 0 710,945
Corrections Corp of America COM 22025Y407 737 22,280 SH   OTR 4 22,280 0 0
Discovery Comm Cl A COM 25470F104 92,776 2,789,416 SH   SOLE   1,803,239 0 986,177
Dorman Products Inc COM 258278100 51,754 1,085,890 SH   SOLE   923,915 0 161,975
Dorman Products Inc COM 258278100 900 18,887 SH   OTR 4 18,887 0 0
Dun & Bradstreet Corp COM 26483E100 107,387 880,220 SH   SOLE   572,063 0 308,157
Energy Transfer Prtnrs LP Unit COM 29273R109 239 4,586 SH   SOLE   4,586 0 0
FedEx Corp. COM 31428X106 43,344 254,368 SH   SOLE   155,068 0 99,300
First Cash Financial Services COM 31942D107 32,029 702,547 SH   SOLE   605,172 0 97,375
First Cash Financial Services COM 31942D107 537 11,783 SH   OTR 4 11,783 0 0
First Horizon Natl Corp COM 320517105 317 20,217 SH   SOLE   20,217 0 0
Fiserv Inc COM 337738108 123,436 1,490,228 SH   SOLE   987,484 0 502,744
Flowserve Corp COM 34354P105 81,277 1,543,430 SH   SOLE   985,002 0 558,428
Gannett Inc. COM 36473H104 79,921 5,712,703 SH   SOLE   4,300,173 0 1,412,531
Gannett Inc. COM 36473H104 546 39,048 SH   OTR 4 39,048 0 0
Haynes International Inc COM 420877201 28,101 569,763 SH   SOLE   491,533 0 78,230
Haynes International Inc COM 420877201 464 9,416 SH   OTR 4 9,416 0 0
HCC Insurance Holdings Inc. COM 404132102 108,928 1,417,594 SH   SOLE   884,206 0 533,388
Howard Hughes Corp COM 44267D107 131,965 919,363 SH   SOLE   724,518 0 194,845
Howard Hughes Corp COM 44267D107 974 6,785 SH   OTR 4 6,785 0 0
HSN Inc. COM 404303109 110,128 1,568,994 SH   SOLE   1,305,804 0 263,190
HSN Inc. COM 404303109 1,049 14,939 SH   OTR 4 14,939 0 0
Infinity Property & Casualty C COM 45665Q103 43,272 570,564 SH   SOLE   493,264 0 77,300
Infinity Property & Casualty C COM 45665Q103 702 9,260 SH   OTR 4 9,260 0 0
International Business Machine COM 459200101 244 1,500 SH   SOLE   1,500 0 0
Jarden Corp. COM 471109108 189,950 3,670,522 SH   SOLE   2,784,484 0 886,038
Jarden Corp. COM 471109108 1,563 30,210 SH   OTR 4 30,210 0 0
Kinder Morgan Inc COM 49456B101 728 18,965 SH   SOLE   18,965 0 0
Liberty Interactive Corp QVC G COM 53071M104 47,936 1,727,428 SH   SOLE   962,075 0 765,353
Liberty Ventures Series A COM 53071M880 18,134 461,778 SH   SOLE   263,907 0 197,871
MacQuarie Infrastructure Corp COM 55608B105 256 3,100 SH   SOLE   3,100 0 0
Medidata Solutions Inc COM 58471A105 17,006 313,074 SH   SOLE   312,825 0 249
Medidata Solutions Inc COM 58471A105 351 6,465 SH   OTR 4 6,465 0 0
Mettler Toledo International COM 592688105 52,314 153,206 SH   SOLE   120,606 0 32,600
MSC Industrial Direct Co-A COM 553530106 136,178 1,951,809 SH   SOLE   1,427,609 0 524,200
MSC Industrial Direct Co-A COM 553530106 728 10,441 SH   OTR 4 10,441 0 0
MTS Systems Corp COM 553777103 41,527 602,272 SH   SOLE   515,707 0 86,565
MTS Systems Corp COM 553777103 719 10,434 SH   OTR 4 10,434 0 0
Open Text Corp COM 683715106 123,644 3,050,690 SH   SOLE   2,024,990 0 1,025,700
Pool Corp. COM 73278L105 28,492 405,986 SH   SOLE   347,806 0 58,180
Pool Corp. COM 73278L105 490 6,976 SH   OTR 4 6,976 0 0
Rush Enterprises Inc Class A COM 781846209 33,953 1,295,425 SH   SOLE   1,110,100 0 185,325
Rush Enterprises Inc Class A COM 781846209 581 22,159 SH   OTR 4 22,159 0 0
Scripps Networks Interactive C COM 811065101 63,851 976,766 SH   SOLE   674,480 0 302,286
Service Corp International COM 817565104 80,653 2,740,489 SH   SOLE   1,865,889 0 874,600
Sirius XM Holdings Inc. COM 82968B103 57,459 15,404,499 SH   SOLE   9,269,987 0 6,134,512
Stancorp Financial Group COM 852891100 69,225 915,554 SH   SOLE   751,879 0 163,675
Stancorp Financial Group COM 852891100 560 7,406 SH   OTR 4 7,406 0 0
Stanley Black & Decker COM 854502101 41,133 390,846 SH   SOLE   225,968 0 164,878
Strategic Hotels & Resorts Inc COM 86272T106 36,153 2,982,927 SH   SOLE   2,546,022 0 436,905
Strategic Hotels & Resorts Inc COM 86272T106 645 53,234 SH   OTR 4 53,234 0 0
TEGNA Inc COM 87901J105 159,510 4,973,813 SH   SOLE   3,297,926 0 1,675,887
Teleflex Inc COM 879369106 75,568 557,906 SH   SOLE   357,388 0 200,518
Tesco Corp. COM 88157K101 14,027 1,286,846 SH   SOLE   1,096,726 0 190,120
Tesco Corp. COM 88157K101 242 22,186 SH   OTR 4 22,186 0 0
Thermo Fisher Scientific Inc. COM 883556102 123,630 952,761 SH   SOLE   641,161 0 311,600
Thermon Group Holding Inc COM 88362T103 26,081 1,083,551 SH   SOLE   933,846 0 149,705
Thermon Group Holding Inc COM 88362T103 447 18,565 SH   OTR 4 18,565 0 0
Tribune Media Co COM 896047503 62,909 1,178,283 SH   SOLE   771,116 0 407,167
UniFirst Corp COM 904708104 37,500 335,267 SH   SOLE   285,712 0 49,555
UniFirst Corp COM 904708104 619 5,534 SH   OTR 4 5,534 0 0
ViaSat Inc COM 92552V100 118,070 1,959,335 SH   SOLE   1,541,635 0 417,700
ViaSat Inc COM 92552V100 732 12,149 SH   OTR 4 12,149 0 0
Walter Investment Management C COM 93317W102 82,839 3,622,151 SH   SOLE   2,925,586 0 696,565
Walter Investment Management C COM 93317W102 602 26,318 SH   OTR 4 26,318 0 0
Western Union Co COM 959802109 10,985 540,343 SH   SOLE   224,544 0 315,799
Willis Group Holdings Public L COM G96666105 80,951 1,726,030 SH   SOLE   1,182,321 0 543,709
Xylem Inc COM 98419M100 61,211 1,651,234 SH   SOLE   1,137,260 0 513,974
Zebra Technologies Corp Cl A COM 989207105 196,753 1,771,747 SH   SOLE   1,413,107 0 358,640
Zebra Technologies Corp Cl A COM 989207105 1,539 13,858 SH   OTR 4 13,858 0 0
iShares - Barclays 1-3 Credit MF 464288646 661 6,274 SH   SOLE   6,274 0 0
iShares - Barclays Intermediat MF 464288638 850 7,810 SH   SOLE   7,810 0 0
iShares - High Yield Corporate MF 464288513 2,297 25,865 SH   SOLE   25,865 0 0
MFS Multimarket Income Tr Sh B MF 552737108 62 10,144 SH   SOLE   10,144 0 0
Vanguard Short Term Govt Bond MF 92206C102 231 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 Value MF 464287630 24,776 243,000 SH   SOLE   237,900 0 5,100
iShares - Russell Midcap Value MF 464287473 1,446 19,600 SH   SOLE   0 0 19,600