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
Amdocs LTD COM G02602103 95,190 1,749,825 SH   SOLE   1,148,836 0 600,989
Amerisafe Inc. COM 03071H100 53,731 1,161,747 SH   SOLE   1,009,182 0 152,565
Amerisafe Inc. COM 03071H100 856 18,501 SH   OTR 4 18,501 0 0
Ares Capital Corp. COM 04010L103 25,469 1,483,329 SH   SOLE   1,231,279 0 252,050
Ares Capital Corp. COM 04010L103 393 22,863 SH   OTR 4 22,863 0 0
Autozone Inc. COM 053332102 130,912 191,908 SH   SOLE   135,028 0 56,880
Belmond LTD COM G1154H107 15,586 1,269,251 SH   SOLE   1,036,926 0 232,325
Belmond LTD COM G1154H107 223 18,148 SH   OTR 4 18,148 0 0
Bristol-Myers Squibb Co. COM 110122108 536 8,312 SH   SOLE   8,312 0 0
Brookdale Sr Living Inc. COM 112463104 55,053 1,457,972 SH   SOLE   1,277,442 0 180,530
Brookdale Sr Living Inc. COM 112463104 858 22,726 SH   OTR 4 22,726 0 0
Brookfield Asset Mgmt Inc. Cla COM 112585104 49,944 931,608 SH   SOLE   541,570 0 390,038
Brookfield Infrast Partners LP COM G16252101 439 9,640 SH   SOLE   9,640 0 0
CGI Group Inc - Class A COM 39945C109 110,215 2,596,342 SH   SOLE   1,760,060 0 836,282
Corrections Corp of America COM 22025Y407 139,453 3,463,808 SH   SOLE   2,743,388 0 720,420
Corrections Corp of America COM 22025Y407 901 22,388 SH   OTR 4 22,388 0 0
Discovery Communications Class COM 25470F104 87,571 2,846,915 SH   SOLE   1,851,938 0 994,977
Dorman Products Inc COM 258278100 59,346 1,192,875 SH   SOLE   1,030,900 0 161,975
Dorman Products Inc COM 258278100 943 18,946 SH   OTR 4 18,946 0 0
Dun & Bradstreet Corp COM 26483E100 115,752 901,774 SH   SOLE   590,787 0 310,987
FedEx Corp. COM 31428X106 47,333 286,088 SH   SOLE   171,157 0 114,931
First Cash Financial Services COM 31942D107 35,577 764,777 SH   SOLE   667,402 0 97,375
First Cash Financial Services COM 31942D107 551 11,842 SH   OTR 4 11,842 0 0
First Horizon Natl Corp COM 320517105 289 20,217 SH   SOLE   20,217 0 0
Fiserv Inc COM 337738108 121,800 1,534,010 SH   SOLE   1,026,421 0 507,589
Flowserve Corp COM 34354P105 89,483 1,584,057 SH   SOLE   1,019,719 0 564,338
Gannett Inc. COM 364730101 189,616 5,113,705 SH   SOLE   3,422,623 0 1,691,082
Gencorp COM 368682100 105,519 4,550,192 SH   SOLE   3,802,887 0 747,305
Gencorp COM 368682100 914 39,424 SH   OTR 4 39,424 0 0
Haynes International Inc COM 420877201 27,568 617,983 SH   SOLE   539,753 0 78,230
Haynes International Inc COM 420877201 422 9,462 SH   OTR 4 9,462 0 0
HCC Insurance Holdings Inc. COM 404132102 103,332 1,823,403 SH   SOLE   1,215,690 0 607,713
Howard Hughes Corp COM 44267D107 152,031 980,718 SH   SOLE   783,428 0 197,290
Howard Hughes Corp COM 44267D107 1,057 6,818 SH   OTR 4 6,818 0 0
HSN Inc. COM 404303109 115,862 1,698,114 SH   SOLE   1,434,924 0 263,190
HSN Inc. COM 404303109 1,024 15,011 SH   OTR 4 15,011 0 0
Infinity Property & Casualty C COM 45665Q103 51,259 624,729 SH   SOLE   547,429 0 77,300
Infinity Property & Casualty C COM 45665Q103 764 9,307 SH   OTR 4 9,307 0 0
International Business Machine COM 459200101 241 1,500 SH   SOLE   1,500 0 0
Jarden Corp. COM 471109108 207,027 3,913,553 SH   SOLE   3,021,515 0 892,038
Jarden Corp. COM 471109108 1,606 30,355 SH   OTR 4 30,355 0 0
Kinder Morgan Inc COM 49456B101 915 21,759 SH   SOLE   21,759 0 0
Liberty Interactive Corp Ser A COM 53071M104 50,606 1,733,661 SH   SOLE   956,033 0 777,628
Liberty Ventures Series A COM 53071M880 18,885 449,530 SH   SOLE   248,440 0 201,090
MacQuarie Infrastructure Co LL COM 55608B105 255 3,100 SH   SOLE   3,100 0 0
Medidata Solutions Inc COM 58471A105 20,844 425,040 SH   SOLE   371,350 0 53,690
Medidata Solutions Inc COM 58471A105 322 6,574 SH   OTR 4 6,574 0 0
Mettler Toledo International COM 592688105 53,383 162,431 SH   SOLE   129,831 0 32,600
MSC Industrial Direct Co-A COM 553530106 120,771 1,672,729 SH   SOLE   1,268,747 0 403,982
MSC Industrial Direct Co-A COM 553530106 757 10,486 SH   OTR 4 10,486 0 0
MTS Systems Corp COM 553777103 50,075 661,927 SH   SOLE   575,362 0 86,565
MTS Systems Corp COM 553777103 793 10,485 SH   OTR 4 10,485 0 0
Open Text Corp COM 683715106 132,135 2,498,296 SH   SOLE   1,646,021 0 852,275
Pool Corp. COM 73278L105 31,529 451,961 SH   SOLE   393,781 0 58,180
Pool Corp. COM 73278L105 489 7,010 SH   OTR 4 7,010 0 0
Regency Energy Partners LP Uni COM 75885Y107 254 11,116 SH   SOLE   11,116 0 0
Rush Enterprises Inc Class A COM 781846209 38,644 1,412,420 SH   SOLE   1,227,095 0 185,325
Rush Enterprises Inc Class A COM 781846209 609 22,268 SH   OTR 4 22,268 0 0
Scripps Networks Interactive C COM 811065101 68,818 1,003,770 SH   SOLE   698,234 0 305,536
Service Corp International COM 817565104 83,983 3,223,908 SH   SOLE   2,169,794 0 1,054,114
Sirius XM Holdings Inc. COM 82968B103 59,074 15,464,290 SH   SOLE   9,238,243 0 6,226,047
Stancorp Financial Group COM 852891100 68,087 992,529 SH   SOLE   828,854 0 163,675
Stancorp Financial Group COM 852891100 511 7,442 SH   OTR 4 7,442 0 0
Stanley Black & Decker COM 854502101 37,906 397,502 SH   SOLE   230,039 0 167,463
Strategic Hotels & Resorts Inc COM 86272T106 40,958 3,295,077 SH   SOLE   2,858,172 0 436,905
Strategic Hotels & Resorts Inc COM 86272T106 665 53,497 SH   OTR 4 53,497 0 0
Teleflex Inc COM 879369106 69,408 574,431 SH   SOLE   372,113 0 202,318
Tesco Corp. COM 88157K101 16,071 1,413,461 SH   SOLE   1,223,341 0 190,120
Tesco Corp. COM 88157K101 253 22,294 SH   OTR 4 22,294 0 0
Thermo Fisher Scientific Inc. COM 883556102 131,384 977,996 SH   SOLE   666,144 0 311,852
Thermon Group Holding Inc COM 88362T103 28,335 1,177,196 SH   SOLE   1,027,491 0 149,705
Thermon Group Holding Inc COM 88362T103 449 18,657 SH   OTR 4 18,657 0 0
Tribune Media Co COM 896047503 73,625 1,210,735 SH   SOLE   799,868 0 410,867
UniFirst Corp COM 904708104 43,179 366,887 SH   SOLE   317,332 0 49,555
UniFirst Corp COM 904708104 654 5,561 SH   OTR 4 5,561 0 0
ViaSat Inc COM 92552V100 96,622 1,620,904 SH   SOLE   1,299,779 0 321,125
ViaSat Inc COM 92552V100 466 7,811 SH   OTR 4 7,811 0 0
Walter Investment Management C COM 93317W102 62,128 3,846,940 SH   SOLE   3,142,675 0 704,265
Walter Investment Management C COM 93317W102 427 26,447 SH   OTR 4 26,447 0 0
Western Union Co COM 959802109 11,245 540,384 SH   SOLE   224,585 0 315,799
Willis Group Holdings Public L COM G96666105 85,359 1,771,666 SH   SOLE   1,222,167 0 549,499
Xylem Inc COM 98419M100 60,282 1,721,359 SH   SOLE   1,207,385 0 513,974
Zebra Technologies Corp Cl A COM 989207105 173,173 1,908,976 SH   SOLE   1,546,156 0 362,820
Zebra Technologies Corp Cl A COM 989207105 1,263 13,928 SH   OTR 4 13,928 0 0
iShares - Barclays 1-3 Credit MF 464288646 662 6,274 SH   SOLE   6,274 0 0
iShares - Barclays Intermediat MF 464288638 883 7,981 SH   SOLE   7,981 0 0
iShares - High Yield Corporate MF 464288513 2,418 26,690 SH   SOLE   26,690 0 0
iShares - S&P National AMT-Fre MF 464288414 219 1,980 SH   SOLE   1,980 0 0
MFS Multimarket Income Tr Sh B MF 552737108 64 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 2,019 25,900 SH   SOLE   25,900 0 0
iShares - Russell 2000 Value MF 464287630 38,687 374,835 SH   SOLE   316,550 0 58,285
iShares - Russell Midcap Value MF 464287473 1,355 18,000 SH   SOLE   0 0 18,000