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
Altria Group Inc. COM 02209S103 436 10,400 SH   SOLE   10,400 0 0
Amdocs LTD COM G02602103 63,147 1,362,992 SH   SOLE   1,184,082 0 178,910
Amerisafe Inc. COM 03071H100 52,691 1,295,572 SH   SOLE   1,053,547 0 242,025
Amerisafe Inc. COM 03071H100 681 16,745 SH   OTR 4 16,745 0 0
Ares Capital Corp. COM 04010L103 29,986 1,678,920 SH   SOLE   1,316,305 0 362,615
Ares Capital Corp. COM 04010L103 369 20,685 SH   OTR 4 20,685 0 0
Autozone Inc. COM 053332102 80,727 150,542 SH   SOLE   133,327 0 17,215
Bally Technologies Inc. COM 05874B107 38,800 590,381 SH   SOLE   509,866 0 80,515
Bally Technologies Inc. COM 05874B107 202 3,067 SH   OTR 4 3,067 0 0
Bristol-Myers Squibb Co. COM 110122108 403 8,312 SH   SOLE   8,312 0 0
Brookdale Sr Living Inc. COM 112463104 52,056 1,561,357 SH   SOLE   1,270,727 0 290,630
Brookdale Sr Living Inc. COM 112463104 685 20,553 SH   OTR 4 20,553 0 0
Brookfield Asset Mgmt Inc. Cla COM 112585104 30,362 689,731 SH   SOLE   525,511 0 164,220
Brookfield Infrast Partners LP COM G16252101 504 12,070 SH   SOLE   12,070 0 0
CGI Group Inc - Class A COM 39945C109 42,044 1,185,004 SH   SOLE   1,043,804 0 141,200
Chevron Corp COM 166764100 270 2,066 SH   SOLE   2,066 0 0
Corrections Corp of America COM 22025Y407 112,108 3,412,726 SH   SOLE   2,899,939 0 512,787
Corrections Corp of America COM 22025Y407 665 20,256 SH   OTR 4 20,256 0 0
DirecTV COM 25490A309 30,805 362,367 SH   SOLE   278,882 0 83,485
Dun & Bradstreet Corp COM 26483E100 78,838 715,410 SH   SOLE   603,080 0 112,330
Ensco PLC Shares Class A COM G3157S106 27,287 491,043 SH   SOLE   415,238 0 75,805
Exelis Inc COM 30162A108 1,159 68,235 SH   SOLE   49,835 0 18,400
FedEx Corp. COM 31428X106 40,850 269,854 SH   SOLE   207,494 0 62,360
Fifth Street Finance COM 31678A103 345 35,145 SH   SOLE   35,145 0 0
First Cash Financial Services COM 31942D107 48,921 849,474 SH   SOLE   694,809 0 154,665
First Cash Financial Services COM 31942D107 617 10,707 SH   OTR 4 10,707 0 0
First Horizon Natl Corp COM 320517105 240 20,217 SH   SOLE   20,217 0 0
Fiserv Inc COM 337738108 71,747 1,189,434 SH   SOLE   1,048,789 0 140,645
Flowserve Corp COM 34354P105 85,184 1,145,717 SH   SOLE   979,107 0 166,610
Frontier Communications Corp COM 35906A108 110 18,901 SH   SOLE   18,901 0 0
Gannett Inc. COM 364730101 126,319 4,034,447 SH   SOLE   3,372,552 0 661,895
Gencorp COM 368682100 83,835 4,389,249 SH   SOLE   3,857,214 0 532,035
Gencorp COM 368682100 681 35,652 SH   OTR 4 35,652 0 0
Haynes International Inc COM 420877201 38,618 682,418 SH   SOLE   558,453 0 123,965
Haynes International Inc COM 420877201 485 8,570 SH   OTR 4 8,570 0 0
HCC Insurance Holdings Inc. COM 404132102 67,879 1,386,974 SH   SOLE   1,185,379 0 201,595
Howard Hughes Corp COM 44267D107 152,211 964,398 SH   SOLE   817,843 0 146,555
Howard Hughes Corp COM 44267D107 972 6,161 SH   OTR 4 6,161 0 0
HSN Inc. COM 404303109 99,005 1,671,257 SH   SOLE   1,475,447 0 195,810
HSN Inc. COM 404303109 804 13,570 SH   OTR 4 13,570 0 0
Infinity Property & Casualty C COM 45665Q103 46,607 693,244 SH   SOLE   570,814 0 122,430
Infinity Property & Casualty C COM 45665Q103 566 8,417 SH   OTR 4 8,417 0 0
International Business Machine COM 459200101 272 1,500 SH   SOLE   1,500 0 0
Jarden Corp. COM 471109108 92,929 1,565,771 SH   SOLE   1,301,699 0 264,072
Jarden Corp. COM 471109108 1,087 18,309 SH   OTR 4 18,309 0 0
Kinder Morgan Management LLC COM 49455U100 886 11,221 SH   SOLE   11,221 0 0
Liberty Interactive Corp Class COM 53071M104 36,957 1,258,762 SH   SOLE   916,687 0 342,075
Liberty Ventures Series A COM 53071M880 10,518 142,517 SH   SOLE   101,233 0 41,284
MacQuarie Infrastructure Co LL COM 55608B105 380 6,100 SH   SOLE   6,100 0 0
Medidata Solutions Inc COM 58471A105 20,068 468,772 SH   SOLE   383,082 0 85,690
Medidata Solutions Inc COM 58471A105 255 5,954 SH   OTR 4 5,954 0 0
Mettler Toledo International COM 592688105 32,375 127,875 SH   SOLE   127,875 0 0
Mondelez Intl Inc. Cl A COM 609207105 249 6,619 SH   SOLE   6,619 0 0
MSC Industrial Direct Co-A COM 553530106 131,624 1,376,246 SH   SOLE   1,153,606 0 222,640
MSC Industrial Direct Co-A COM 553530106 750 7,837 SH   OTR 4 7,837 0 0
MTS Systems Corp COM 553777103 49,990 737,758 SH   SOLE   600,413 0 137,345
MTS Systems Corp COM 553777103 642 9,475 SH   OTR 4 9,475 0 0
Oceaneering Intl., Inc. COM 675232102 834 10,675 SH   SOLE   10,675 0 0
Open Text Corp COM 683715106 95,827 1,998,904 SH   SOLE   1,696,984 0 301,920
Philip Morris Intl Inc COM 718172109 877 10,400 SH   SOLE   10,400 0 0
Pool Corp. COM 73278L105 28,394 502,008 SH   SOLE   409,958 0 92,050
Pool Corp. COM 73278L105 359 6,348 SH   OTR 4 6,348 0 0
Regency Energy Partners LP Uni COM 75885Y107 514 15,964 SH   SOLE   15,964 0 0
Regions Financial Corp COM 7591EP100 283 26,682 SH   SOLE   26,682 0 0
Rush Enterprises Inc Class A COM 781846209 54,678 1,577,099 SH   SOLE   1,283,824 0 293,275
Rush Enterprises Inc Class A COM 781846209 698 20,144 SH   OTR 4 20,144 0 0
Scripps Networks Interactive C COM 811065101 62,463 769,814 SH   SOLE   678,764 0 91,050
Service Corp International COM 817565104 42,582 2,055,125 SH   SOLE   1,967,325 0 87,800
Sirius XM Holdings Inc. COM 82968B103 39,667 11,464,463 SH   SOLE   8,857,028 0 2,607,435
Stancorp Financial Group COM 852891100 59,581 930,950 SH   SOLE   832,290 0 98,660
Stancorp Financial Group COM 852891100 431 6,730 SH   OTR 4 6,730 0 0
Stanley Black & Decker COM 854502101 26,064 296,787 SH   SOLE   224,402 0 72,385
Strategic Hotels & Resorts Inc COM 86272T106 43,735 3,734,858 SH   SOLE   3,038,193 0 696,665
Strategic Hotels & Resorts Inc COM 86272T106 566 48,314 SH   OTR 4 48,314 0 0
Teleflex Inc COM 879369106 46,128 436,816 SH   SOLE   349,616 0 87,200
Tesco Corp. COM 88157K101 33,499 1,569,791 SH   SOLE   1,271,821 0 297,970
Tesco Corp. COM 88157K101 431 20,176 SH   OTR 4 20,176 0 0
Thermo Fisher Scientific Inc. COM 883556102 91,505 775,468 SH   SOLE   682,028 0 93,440
Thermon Group Holding Inc COM 88362T103 34,311 1,303,604 SH   SOLE   1,063,664 0 239,940
Thermon Group Holding Inc COM 88362T103 444 16,876 SH   OTR 4 16,876 0 0
Tribune Co Class A COM 896047503 58,569 688,647 SH   SOLE   604,947 0 83,700
Tupperware Brands Corp. COM 899896104 444 5,300 SH   SOLE   5,300 0 0
UniFirst Corp COM 904708104 43,042 406,052 SH   SOLE   329,557 0 76,495
UniFirst Corp COM 904708104 533 5,029 SH   OTR 4 5,029 0 0
Walter Investment Management C COM 93317W102 111,435 3,741,937 SH   SOLE   3,215,497 0 526,440
Walter Investment Management C COM 93317W102 713 23,932 SH   OTR 4 23,932 0 0
Weatherford International plc COM G48833100 3,760 163,479 SH   SOLE   124,879 0 38,600
Western Union Co COM 959802109 2,966 171,075 SH   SOLE   133,875 0 37,200
Willis Group Holdings Public L COM G96666105 58,049 1,340,617 SH   SOLE   1,178,527 0 162,090
Xylem Inc COM 98419M100 44,772 1,145,660 SH   SOLE   1,109,660 0 36,000
Zebra Technologies Corp Cl A COM 989207105 153,428 1,863,800 SH   SOLE   1,573,640 0 290,160
Zebra Technologies Corp Cl A COM 989207105 1,038 12,605 SH   OTR 4 12,605 0 0
iShares - Barclays 1-3 Credit MF 464288646 663 6,274 SH   SOLE   6,274 0 0
iShares - Barclays Intermediat MF 464288638 1,045 9,481 SH   SOLE   9,481 0 0
iShares - High Yield Corporate MF 464288513 2,256 23,700 SH   SOLE   23,700 0 0
iShares - S&P National AMT-Fre MF 464288414 405 3,730 SH   SOLE   3,730 0 0
MFS Multimarket Income Tr Sh B MF 552737108 67 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 1,994 25,900 SH   SOLE   25,900 0 0
iShares - Russell 2000 MF 464287655 12,944 108,945 SH   SOLE   108,945 0 0
iShares - Russell 2000 Value MF 464287630 73,371 710,545 SH   SOLE   564,910 0 145,635
iShares - Russell Midcap Value MF 464287473 1,915 26,370 SH   SOLE   0 0 26,370
Shire PLC ADR COM 82481R106 85,311 362,272 SH   SOLE   319,462 0 42,810