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 389 10,400 SH   SOLE   10,400 0 0
Amdocs LTD COM G02602103 64,393 1,385,995 SH   SOLE   1,202,885 0 183,110
Amerisafe Inc. COM 03071H100 57,599 1,311,752 SH   SOLE   1,069,727 0 242,025
Amerisafe Inc. COM 03071H100 733 16,693 SH   OTR 4 16,693 0 0
Ares Capital Corp. COM 04010L103 29,830 1,692,955 SH   SOLE   1,330,340 0 362,615
Ares Capital Corp. COM 04010L103 363 20,622 SH   OTR 4 20,622 0 0
Autozone Inc. COM 053332102 81,359 151,479 SH   SOLE   133,664 0 17,815
Bristol-Myers Squibb Co. COM 110122108 432 8,312 SH   SOLE   8,312 0 0
Brookdale Sr Living Inc. COM 112463104 52,891 1,578,373 SH   SOLE   1,287,743 0 290,630
Brookdale Sr Living Inc. COM 112463104 687 20,490 SH   OTR 4 20,490 0 0
Brookfield Asset Mgmt Inc. Cla COM 112585104 28,062 686,961 SH   SOLE   518,941 0 168,020
Brookfield Infrast Partners LP COM G16252101 476 12,070 SH   SOLE   12,070 0 0
CGI Group Inc - Class A COM 39945C109 37,606 1,216,246 SH   SOLE   1,068,346 0 147,900
Chevron Corp COM 166764100 246 2,066 SH   SOLE   2,066 0 0
Corrections Corp of America COM 22025Y407 107,730 3,439,669 SH   SOLE   2,919,682 0 519,987
Corrections Corp of America COM 22025Y407 632 20,193 SH   OTR 4 20,193 0 0
DirecTV COM 25490A309 27,630 361,557 SH   SOLE   274,472 0 87,085
Dun & Bradstreet Corp COM 26483E100 71,823 722,933 SH   SOLE   611,203 0 111,730
Ensco PLC Shares Class A COM G3157S106 26,014 492,872 SH   SOLE   415,367 0 77,505
Exelis Inc COM 30162A108 1,296 68,180 SH   SOLE   49,780 0 18,400
FedEx Corp. COM 31428X106 36,531 275,579 SH   SOLE   212,319 0 63,260
Fifth Street Finance COM 31678A103 332 35,145 SH   SOLE   35,145 0 0
First Cash Financial Services COM 31942D107 43,383 859,744 SH   SOLE   705,079 0 154,665
First Cash Financial Services COM 31942D107 539 10,674 SH   OTR 4 10,674 0 0
First Horizon Natl Corp COM 320517105 278 22,494 SH   SOLE   22,494 0 0
Fiserv Inc COM 337738108 68,359 1,205,839 SH   SOLE   1,063,394 0 142,445
Flowserve Corp COM 34354P105 90,054 1,149,523 SH   SOLE   980,713 0 168,810
Frontier Communications Corp COM 35906A108 132 23,080 SH   SOLE   23,080 0 0
Gannett Inc. COM 364730101 111,501 4,039,881 SH   SOLE   3,379,586 0 660,295
Gencorp COM 368682100 81,012 4,434,149 SH   SOLE   3,902,114 0 532,035
Gencorp COM 368682100 649 35,542 SH   OTR 4 35,542 0 0
Haynes International Inc COM 420877201 37,364 691,918 SH   SOLE   567,953 0 123,965
Haynes International Inc COM 420877201 461 8,544 SH   OTR 4 8,544 0 0
HCC Insurance Holdings Inc. COM 404132102 63,387 1,393,423 SH   SOLE   1,187,628 0 205,795
Howard Hughes Corp COM 44267D107 138,762 972,339 SH   SOLE   824,084 0 148,255
Howard Hughes Corp COM 44267D107 877 6,144 SH   OTR 4 6,144 0 0
HSN Inc. COM 404303109 101,067 1,692,057 SH   SOLE   1,496,247 0 195,810
HSN Inc. COM 404303109 808 13,530 SH   OTR 4 13,530 0 0
Infinity Property & Casualty C COM 45665Q103 47,430 701,309 SH   SOLE   578,879 0 122,430
Infinity Property & Casualty C COM 45665Q103 567 8,389 SH   OTR 4 8,389 0 0
International Business Machine COM 459200101 289 1,500 SH   SOLE   1,500 0 0
Jarden Corp. COM 471109108 85,462 1,428,406 SH   SOLE   1,164,334 0 264,072
Jarden Corp. COM 471109108 1,092 18,252 SH   OTR 4 18,252 0 0
Kinder Morgan Management LLC COM 49455U100 789 11,015 SH   SOLE   11,015 0 0
Liberty Interactive Corp Class COM 53071M104 36,286 1,256,860 SH   SOLE   906,385 0 350,475
Liberty Ventures Series A COM 53071M880 9,171 70,371 SH   SOLE   49,629 0 20,742
Liquidity Services Inc COM 53635B107 62,616 2,403,697 SH   SOLE   2,029,272 0 374,425
Liquidity Services Inc COM 53635B107 424 16,263 SH   OTR 4 16,263 0 0
MacQuarie Infrastructure Co LL COM 55608B105 349 6,100 SH   SOLE   6,100 0 0
Medidata Solutions Inc COM 58471A105 25,775 474,332 SH   SOLE   388,642 0 85,690
Medidata Solutions Inc COM 58471A105 323 5,940 SH   OTR 4 5,940 0 0
Mettler Toledo International COM 592688105 30,570 129,710 SH   SOLE   129,710 0 0
Mondelez Intl Inc. Cl A COM 609207105 229 6,619 SH   SOLE   6,619 0 0
MSC Industrial Direct Co-A COM 553530106 119,934 1,386,201 SH   SOLE   1,161,461 0 224,740
MSC Industrial Direct Co-A COM 553530106 676 7,813 SH   OTR 4 7,813 0 0
MTS Systems Corp COM 553777103 51,149 746,815 SH   SOLE   609,470 0 137,345
MTS Systems Corp COM 553777103 647 9,444 SH   OTR 4 9,444 0 0
Oceaneering Intl., Inc. COM 675232102 913 12,705 SH   SOLE   12,705 0 0
Open Text Corp COM 683715106 96,146 2,015,214 SH   SOLE   1,715,994 0 299,220
Philip Morris Intl Inc COM 718172109 851 10,400 SH   SOLE   10,400 0 0
Pool Corp. COM 73278L105 31,146 507,923 SH   SOLE   415,873 0 92,050
Pool Corp. COM 73278L105 388 6,329 SH   OTR 4 6,329 0 0
Regency Energy Partners LP Uni COM 75885Y107 435 15,964 SH   SOLE   15,964 0 0
Regions Financial Corp COM 7591EP100 296 26,682 SH   SOLE   26,682 0 0
Rush Enterprises Inc Class A COM 781846209 51,849 1,596,344 SH   SOLE   1,303,069 0 293,275
Rush Enterprises Inc Class A COM 781846209 652 20,083 SH   OTR 4 20,083 0 0
Scripps Networks Interactive C COM 811065101 58,710 773,410 SH   SOLE   679,760 0 93,650
Service Corp International COM 817565104 42,032 2,114,285 SH   SOLE   2,026,485 0 87,800
Sirius XM Holdings Inc. COM 82968B103 36,575 11,429,569 SH   SOLE   8,746,034 0 2,683,535
Stancorp Financial Group COM 852891100 62,980 942,810 SH   SOLE   844,150 0 98,660
Stancorp Financial Group COM 852891100 448 6,710 SH   OTR 4 6,710 0 0
Stanley Black & Decker COM 854502101 24,656 303,495 SH   SOLE   228,810 0 74,685
Strategic Hotels & Resorts Inc COM 86272T106 38,316 3,760,133 SH   SOLE   3,063,468 0 696,665
Strategic Hotels & Resorts Inc COM 86272T106 490 48,126 SH   OTR 4 48,126 0 0
Teleflex Inc COM 879369106 46,526 433,849 SH   SOLE   348,649 0 85,200
Tesco Corp. COM 88157K101 29,394 1,588,891 SH   SOLE   1,290,921 0 297,970
Tesco Corp. COM 88157K101 372 20,115 SH   OTR 4 20,115 0 0
Thermo Fisher Scientific Inc. COM 883556102 93,619 778,604 SH   SOLE   683,464 0 95,140
Thermon Group Holding Inc COM 88362T103 30,589 1,319,639 SH   SOLE   1,079,699 0 239,940
Thermon Group Holding Inc COM 88362T103 390 16,826 SH   OTR 4 16,826 0 0
Tribune Co Class A COM 896047503 55,176 692,725 SH   SOLE   605,525 0 87,200
Tupperware Brands Corp. COM 899896104 444 5,300 SH   SOLE   5,300 0 0
UniFirst Corp COM 904708104 45,173 410,892 SH   SOLE   334,397 0 76,495
UniFirst Corp COM 904708104 551 5,014 SH   OTR 4 5,014 0 0
Walter Investment Management C COM 93317W102 112,448 3,769,642 SH   SOLE   3,243,202 0 526,440
Walter Investment Management C COM 93317W102 712 23,857 SH   OTR 4 23,857 0 0
Weatherford International LTD COM H27013103 2,840 163,614 SH   SOLE   125,014 0 38,600
Western Union Co COM 959802109 2,801 171,235 SH   SOLE   134,035 0 37,200
Willis Group Holdings Public L COM G96666105 59,405 1,346,127 SH   SOLE   1,180,237 0 165,890
Xylem Inc COM 98419M100 42,177 1,158,065 SH   SOLE   1,122,065 0 36,000
Zebra Technologies Corp Cl A COM 989207105 130,078 1,874,047 SH   SOLE   1,582,887 0 291,160
Zebra Technologies Corp Cl A COM 989207105 872 12,567 SH   OTR 4 12,567 0 0
iShares - Barclays 1-3 Credit MF 464288646 662 6,274 SH   SOLE   6,274 0 0
iShares - Barclays Intermediat MF 464288638 1,034 9,481 SH   SOLE   9,481 0 0
iShares - High Yield Corporate MF 464288513 2,237 23,700 SH   SOLE   23,700 0 0
iShares - S&P National AMT-Fre MF 464288414 399 3,730 SH   SOLE   3,730 0 0
MFS Multimarket Income Tr Sh B MF 552737108 66 10,144 SH   SOLE   10,144 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 1,899 25,900 SH   SOLE   25,900 0 0
iShares - Russell 2000 MF 464287655 1,243 10,685 SH   SOLE   10,685 0 0
iShares - Russell 2000 Value MF 464287630 62,742 622,190 SH   SOLE   544,825 0 77,365
iShares - Russell Midcap Value MF 464287473 1,448 21,070 SH   SOLE   0 0 21,070
Shire PLC ADR COM 82481R106 92,983 626,024 SH   SOLE   558,614 0 67,410