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
Actuant Corporation CL A NEW 00508X203 121,237 3,506,986 SH   SOLE   3,506,986 0 0
Alleghany Corp. COM 017175100 1,213 2,769 SH   SOLE   2,769 0 0
America's Car-Mart Inc. COM 03062T105 49,607 1,254,297 SH   SOLE   1,254,297 0 0
American Express Company COM 025816109 864 9,107 SH   SOLE   9,107 0 0
Ascent Capital Group COM SER A 043632108 325 4,931 SH   SOLE   4,931 0 0
Automatic Data Processing COM 053015103 773 9,744 SH   SOLE   9,744 0 0
Berkshire Hathaway Inc 'A CL A 084670108 1,709 9 SH   SOLE   9 0 0
Berkshire Hathaway Inc 'B CL B 084670702 2,090 16,512 SH   SOLE   16,512 0 0
Brookfield Asset Manageme CL A LTD VT SH 112585104 2,140 48,625 SH   SOLE   48,625 0 0
Brookfield Property Partn UNIT LTD PARTN G16249107 1,559 74,686 SH   SOLE   74,686 0 0
Capital Southwest Corpora COM 140501107 1,109 30,784 SH   SOLE   30,784 0 0
Cherokee, Inc. COM 16444H102 12,371 814,427 SH   SOLE   814,427 0 0
Choice Hotels Internation COM 169905106 471 10,000 SH   SOLE   10,000 0 0
Colfax Corporation COM 194014106 117,319 1,573,906 SH   SOLE   1,573,906 0 0
Conagra Food Inc COM 205887102 297 10,000 SH   SOLE   10,000 0 0
ConocoPhillips COM 20825C104 2,572 30,000 SH   SOLE   30,000 0 0
Corporate Executive Board COM 21988R102 87,425 1,281,518 SH   SOLE   1,281,518 0 0
Emerson Electric Co. COM 291011104 512 7,711 SH   SOLE   7,711 0 0
Exelon Corp. COM 30161N101 209 5,738 SH   SOLE   5,738 0 0
Expeditors International COM 302130109 1,235 27,968 SH   SOLE   27,968 0 0
Female Health Co. COM 314462102 16,248 2,948,773 SH   SOLE   2,948,773 0 0
Graham Corp. COM 384556106 20,353 584,674 SH   SOLE   584,674 0 0
Greenlight Capital Re, Lt CLASS A G4095J109 1,236 37,534 SH   SOLE   37,534 0 0
Heico CP CL A CL A 422806208 58,329 1,436,671 SH   SOLE   1,436,671 0 0
Interactive Intelligence COM 45841V109 2,088 37,206 SH   SOLE   37,206 0 0
INTL FCStone Inc. COM 46116V105 35,737 1,794,027 SH   SOLE   1,794,027 0 0
JTH Holding, Inc. CL A 46637N103 4,259 127,846 SH   SOLE   127,846 0 0
Kinder Morgan Energy LP UT LTD PARTNER 494550106 789 9,600 SH   SOLE   9,600 0 0
Kinder Morgan Management SHS 49455U100 688 8,712 SH   SOLE   8,712 0 0
Leucadia National Corp. COM 527288104 1,121 42,750 SH   SOLE   42,750 0 0
Merck & Company, Inc COM 58933Y105 219 3,794 SH   SOLE   3,794 0 0
Mesa Laboratories Inc. COM 59064R109 13,581 161,758 SH   SOLE   161,758 0 0
Microsoft Corp COM 594918104 436 10,449 SH   SOLE   10,449 0 0
Morningstar, Inc COM 617700109 1,387 19,315 SH   SOLE   19,315 0 0
National Retail Propertie COM 637417106 521 14,000 SH   SOLE   14,000 0 0
Occidental Petroleum COM 674599105 1,232 12,000 SH   SOLE   12,000 0 0
Omega Flex, Inc. COM 682095104 10,882 554,640 SH   SOLE   554,640 0 0
Pfizer Inc. COM 717081103 492 16,579 SH   SOLE   16,579 0 0
Phillips 66 Common Stock COM 718546104 1,206 15,000 SH   SOLE   15,000 0 0
Pizza Inn Holdings COM 725846109 788 126,530 SH   SOLE   126,530 0 0
Platform Specialty Produc COM 72766Q105 77,455 2,763,285 SH   SOLE   2,763,285 0 0
Post Holdings Inc COM 737446104 125,681 2,468,696 SH   SOLE   2,468,696 0 0
RealD Inc. COM 75604L105 104,166 8,163,458 SH   SOLE   8,163,458 0 0
Reis, Inc COM 75936P105 18,119 859,552 SH   SOLE   859,552 0 0
SPDR S&P Middle East & Af MIDEAST AFRICA 78463X806 716 9,773 SH   SOLE   9,773 0 0
Tandy Leather Factory Inc COM 87538X105 9,211 1,012,182 SH   SOLE   1,012,182 0 0
The Middleby Corporation COM 596278101 87,524 1,058,070 SH   SOLE   1,058,070 0 0
UGI Corp. COM 902681105 313 6,197 SH   SOLE   6,197 0 0
Ultra Petroleum Corp. COM 903914109 1,166 39,274 SH   SOLE   39,274 0 0
US Ecology, Inc. COM 91732J102 66,767 1,363,993 SH   SOLE   1,363,993 0 0
Utah Medical Products COM 917488108 15,621 303,667 SH   SOLE   303,667 0 0
Vanguard MBS ETF MORTG-BACK SEC 92206C771 301 5,716 SH   SOLE   5,716 0 0
Vanguard ST Corp Bond ETF SHRT TRM CORP BD 92206C409 817 10,160 SH   SOLE   10,160 0 0
Vanguard Value ETF VALUE ETF 922908744 747 9,231 SH   SOLE   9,231 0 0
VCA Antech Inc. COM 918194101 355 10,122 SH   SOLE   10,122 0 0
Weyehaeuser Company COM 962166104 953 28,797 SH   SOLE   28,797 0 0
White Mountains Insurance COM G9618E107 1,172 1,926 SH   SOLE   1,926 0 0
Winmark Corp. COM 974250102 34,674 497,975 SH   SOLE   497,975 0 0
XCEL Energy Inc. COM 98389B100 838 26,000 SH   SOLE   26,000 0 0
XPO Logistics, Inc. COM 983793100 92,165 3,220,293 SH   SOLE   3,220,293 0 0
Zimmer Holdings, Inc. COM 98956P102 888 8,551 SH   SOLE   8,551 0 0
SPDR Lehman Intl Treasury BRCLYS INTL EFT 78464A516 887 14,593 SH   SOLE   14,593 0 0
Vanguard Emerging Markets FTSE EMR MKT ETF 922042858 2,353 54,551 SH   SOLE   54,551 0 0