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
Air Methods Corporation COM 009128307 6,162 143,312 SH   SOLE   105,843 0 37,469
Air Transport Services Group, COM 00922R105 26,556 1,654,565 SH   SOLE   1,388,595 0 265,970
Aircastle Limited COM G0129K104 49,899 2,067,924 SH   SOLE   1,682,336 0 385,588
Akorn, Inc. COM 009728106 19,896 826,231 SH   SOLE   702,998 0 123,233
Alexander & Baldwin, Inc. COM 014491104 1,300 29,194 SH   SOLE   29,194 0 0
Allergan plc COM G0177J108 1,116 4,672 SH   SOLE   4,672 0 0
Alphabet Inc. Class C COM 02079K107 1,067 1,286 SH   SOLE   1,286 0 0
American National Insurance Co COM 028591105 12,988 110,038 SH   SOLE   88,208 0 21,830
AmeriGas Partners, L.P. COM 030975106 42,379 899,966 SH   SOLE   710,554 0 189,412
Amgen Inc. COM 031162100 63,361 386,182 SH   SOLE   314,264 0 71,918
Asbury Automotive Group, Inc. COM 043436104 21,387 355,865 SH   SOLE   302,675 0 53,190
ATN International, Inc. COM 00215F107 14,773 209,790 SH   SOLE   173,777 0 36,013
Axis Capital Holdings Limited COM G0692U109 51,223 764,173 SH   SOLE   621,188 0 142,985
Barrett Business Services, Inc COM 068463108 6,916 126,623 SH   SOLE   94,130 0 32,493
BB&T Corporation COM 054937107 102,661 2,296,676 SH   SOLE   1,867,570 0 429,106
Berkshire Hathaway Inc. Class COM 084670702 17,210 103,251 SH   SOLE   103,251 0 0
Biglari Holdings Inc. COM 08986R101 33,006 76,407 SH   SOLE   64,587 0 11,820
Blackhawk Network Holdings, In COM 09238E104 67,806 1,670,092 SH   SOLE   1,446,130 0 223,962
Blackstone Group L.P. COM 09253U108 855 28,799 SH   SOLE   28,799 0 0
Capital Southwest Corporation COM 140501107 16,643 984,199 SH   SOLE   823,268 0 160,931
Cardinal Health, Inc. COM 14149Y108 72,242 885,861 SH   SOLE   742,065 0 143,796
Cedar Fair, L.P. COM 150185106 40,836 602,213 SH   SOLE   487,360 0 114,853
Chevron Corporation COM 166764100 42,896 399,515 SH   SOLE   325,899 0 73,616
Cinemark Holdings, Inc. COM 17243V102 87,934 1,983,166 SH   SOLE   1,615,374 0 367,792
CNA Financial Corporation COM 126117100 37,624 851,811 SH   SOLE   743,145 0 108,666
Comcast Corporation Class A COM 20030N101 10,185 270,958 SH   SOLE   270,958 0 0
Compass Minerals International COM 20451N101 50,542 744,911 SH   SOLE   610,156 0 134,755
Computer Programs and Systems, COM 205306103 25,914 925,495 SH   SOLE   766,742 0 158,753
Corning Inc COM 219350105 90,924 3,367,552 SH   SOLE   2,737,476 0 630,076
CSG Systems International, Inc COM 126349109 41,237 1,090,643 SH   SOLE   909,643 0 181,000
Cubic Corporation COM 229669106 27,793 526,389 SH   SOLE   450,581 0 75,808
CVS Health Corporation COM 126650100 49,834 634,824 SH   SOLE   542,532 0 92,292
DaVita Inc. COM 23918K108 9,317 137,072 SH   SOLE   137,072 0 0
Diamond Offshore Drilling, Inc COM 25271C102 896 53,603 SH   SOLE   53,603 0 0
Dolby Laboratories, Inc. Class COM 25659T107 13,880 264,830 SH   SOLE   264,830 0 0
Emerson Electric Co. COM 291011104 62,164 1,038,484 SH   SOLE   848,406 0 190,078
ePlus inc. COM 294268107 24,304 179,960 SH   SOLE   151,173 0 28,787
Evolution Petroleum Corporatio COM 30049A107 4,720 589,987 SH   SOLE   437,221 0 152,766
Express Scripts Holding Compan COM 30219G108 866 13,141 SH   SOLE   13,141 0 0
Exxon Mobil Corporation COM 30231G102 54,733 667,390 SH   SOLE   543,321 0 124,069
Fastenal Company COM 311900104 94,957 1,843,818 SH   SOLE   1,500,377 0 343,441
Fidelity National Financial, I COM 31620R402 69,793 5,267,377 SH   SOLE   4,545,702 0 721,675
First Citizens BancShares, Inc COM 31946M103 6,248 18,629 SH   SOLE   13,891 0 4,738
Forward Air Corporation COM 349853101 23,547 494,998 SH   SOLE   406,917 0 88,081
General Motors Company COM 37045V100 9,426 266,583 SH   SOLE   266,583 0 0
GEO Group Inc COM 36162J106 94,155 2,030,505 SH   SOLE   1,650,938 0 379,567
Gran Tierra Energy Inc. COM 38500T101 7,186 2,721,923 SH   SOLE   2,323,493 0 398,430
Graphic Packaging Holding Comp COM 388689101 7,496 582,450 SH   SOLE   582,450 0 0
HollyFrontier Corporation COM 436106108 750 26,476 SH   SOLE   26,476 0 0
Ingles Markets, Incorporated C COM 457030104 48,562 1,125,418 SH   SOLE   966,629 0 158,789
Intel Corporation COM 458140100 57,450 1,592,733 SH   SOLE   1,295,491 0 297,242
International Speedway Corpora COM 460335201 33,107 895,998 SH   SOLE   757,120 0 138,878
Iron Mountain, Inc. COM 46284V101 123,815 3,471,116 SH   SOLE   2,868,148 0 602,968
Ituran Location & Control Ltd. COM M6158M104 12,940 419,451 SH   SOLE   321,376 0 98,075
J. Alexander's Holdings, Inc. COM 46609J106 12,167 1,210,694 SH   SOLE   971,030 0 239,664
Johnson Controls International COM G51502105 59,716 1,417,754 SH   SOLE   1,153,917 0 263,837
Kansas City Southern COM 485170302 8,804 102,662 SH   SOLE   102,662 0 0
Kelly Services, Inc. Class A COM 488152208 12,567 574,869 SH   SOLE   471,969 0 102,900
Kimberly-Clark Corporation COM 494368103 53,918 409,620 SH   SOLE   333,023 0 76,597
KLX, Inc. COM 482539103 12,859 287,683 SH   SOLE   237,304 0 50,379
L Brands, Inc. COM 501797104 5,376 114,137 SH   SOLE   114,137 0 0
La Quinta Holdings, Inc. COM 50420D108 27,895 2,063,230 SH   SOLE   1,755,350 0 307,880
Leucadia National Corporation COM 527288104 10,439 401,519 SH   SOLE   401,519 0 0
Liberty Broadband Corp. Class COM 530307107 963 11,313 SH   SOLE   11,313 0 0
Liberty Broadband Corp. Class COM 530307305 15,383 178,041 SH   SOLE   178,041 0 0
Liberty Expedia Holdings Inc C COM 53046P109 54,483 1,197,960 SH   SOLE   1,045,860 0 152,100
Liberty Interactive Corporatio COM 53071M856 41,987 943,944 SH   SOLE   943,944 0 0
Liberty Media Corp. Series C L COM 531229607 10,858 279,979 SH   SOLE   279,979 0 0
LyondellBasell Industries NV COM N53745100 39,633 434,616 SH   SOLE   356,960 0 77,656
Madison Square Garden Co. Clas COM 55825T103 11,761 58,890 SH   SOLE   58,890 0 0
Magellan Midstream Partners, L COM 559080106 39,394 512,213 SH   SOLE   404,569 0 107,644
Marathon Petroleum Corporation COM 56585A102 88,283 1,746,801 SH   SOLE   1,425,343 0 321,458
Marcus & Millichap, Inc. COM 566324109 8,795 357,830 SH   SOLE   300,605 0 57,225
Match Group, Inc. COM 57665R106 9,683 592,965 SH   SOLE   492,911 0 100,054
McKesson Corporation COM 58155Q103 929 6,268 SH   SOLE   6,268 0 0
MetLife, Inc. COM 59156R108 57,139 1,081,771 SH   SOLE   880,645 0 201,126
Microsoft Corporation COM 594918104 119,465 1,813,930 SH   SOLE   1,475,243 0 338,687
MicroStrategy Incorporated Cla COM 594972408 19,773 105,290 SH   SOLE   87,280 0 18,010
Monarch Casino & Resort, Inc. COM 609027107 9,040 306,020 SH   SOLE   226,671 0 79,349
Motorcar Parts of America, Inc COM 620071100 31,920 1,038,723 SH   SOLE   876,669 0 162,054
Motorola Solutions, Inc. COM 620076307 73,328 850,473 SH   SOLE   691,205 0 159,268
Murphy USA, Inc. COM 626755102 55,283 752,967 SH   SOLE   642,756 0 110,211
National CineMedia, Inc. COM 635309107 11,919 943,732 SH   SOLE   776,032 0 167,700
National Fuel Gas Company COM 636180101 107,781 1,807,807 SH   SOLE   1,534,549 0 273,258
Natural Grocers by Vitamin Cot COM 63888U108 11,064 1,064,901 SH   SOLE   810,716 0 254,185
NeuStar, Inc. Class A COM 64126X201 6,185 186,565 SH   SOLE   137,921 0 48,644
Novo Nordisk A/S Sponsored ADR COM 670100205 19,080 556,581 SH   SOLE   456,473 0 100,108
Oaktree Capital Group, LLC Cla COM 674001201 9,217 203,475 SH   SOLE   203,475 0 0
Occidental Petroleum Corporati COM 674599105 61,408 969,188 SH   SOLE   790,907 0 178,281
Omnicom Group Inc COM 681919106 92,435 1,072,207 SH   SOLE   873,626 0 198,581
OSI Systems, Inc. COM 671044105 12,759 174,810 SH   SOLE   146,290 0 28,520
Owens & Minor, Inc. COM 690732102 45,908 1,326,815 SH   SOLE   1,064,186 0 262,629
PBF Energy, Inc. Class A COM 69318G106 19,044 858,985 SH   SOLE   731,575 0 127,410
PepsiCo, Inc. COM 713448108 43,500 388,877 SH   SOLE   315,058 0 73,819
PICO Holdings, Inc. COM 693366205 22,746 1,624,721 SH   SOLE   1,319,184 0 305,537
PNC Financial Services Group, COM 693475105 55,732 463,506 SH   SOLE   378,596 0 84,910
Polaris Industries Inc. COM 731068102 45,474 542,648 SH   SOLE   471,432 0 71,216
Praxair, Inc. COM 74005P104 102,104 860,914 SH   SOLE   709,747 0 151,167
Premier Inc. Class A COM 74051N102 42,718 1,342,069 SH   SOLE   1,342,069 0 0
QEP Resources, Inc. COM 74733V100 9,460 744,280 SH   SOLE   635,490 0 108,790
QUALCOMM Incorporated COM 747525103 65,634 1,144,651 SH   SOLE   931,425 0 213,226
Ralph Lauren Corporation Class COM 751212101 695 8,509 SH   SOLE   8,509 0 0
Realogy Holdings Corp. COM 75605Y106 18,756 629,618 SH   SOLE   629,618 0 0
Resources Connection, Inc. COM 76122Q105 22,444 1,339,967 SH   SOLE   1,132,591 0 207,376
Ryman Hospitality Properties, COM 78377T107 73,934 1,195,755 SH   SOLE   972,254 0 223,501
Sabra Health Care REIT, Inc. COM 78573L106 49,666 1,778,244 SH   SOLE   1,449,374 0 328,870
Sabre Corp. COM 78573M104 17,012 802,841 SH   SOLE   802,841 0 0
Select Comfort Corporation COM 81616X103 24,539 989,858 SH   SOLE   836,876 0 152,982
SodaStream International Ltd. COM M9068E105 9,153 188,998 SH   SOLE   151,925 0 37,073
SP Plus Corporation COM 78469C103 32,025 948,882 SH   SOLE   812,927 0 135,955
Spectra Energy Partners, LP COM 84756N109 47,349 1,084,494 SH   SOLE   870,298 0 214,196
Spirit AeroSystems Holdings, I COM 848574109 18,460 318,720 SH   SOLE   318,720 0 0
Sykes Enterprises, Incorporate COM 871237103 19,161 651,722 SH   SOLE   558,177 0 93,545
Target Corporation COM 87612E106 60,983 1,104,961 SH   SOLE   903,341 0 201,620
Taro Pharmaceutical Industries COM M8737E108 5,728 49,120 SH   SOLE   49,120 0 0
TE Connectivity Ltd. COM H84989104 64,211 861,316 SH   SOLE   701,554 0 159,762
TechTarget, Inc. COM 87874R100 3,479 385,299 SH   SOLE   286,151 0 99,148
Telephone and Data Systems, In COM 879433829 20,153 760,210 SH   SOLE   638,341 0 121,869
Thomson Reuters Corporation COM 884903105 63,329 1,464,936 SH   SOLE   1,195,699 0 269,237
Time Warner Inc. COM 887317303 45,432 464,965 SH   SOLE   387,973 0 76,992
TransMontaigne Partners L.P. COM 89376V100 17,362 388,585 SH   SOLE   305,736 0 82,849
Tribune Media Co. Class A COM 896047503 28,071 753,167 SH   SOLE   645,954 0 107,213
U.S. Bancorp COM 902973304 111,901 2,172,826 SH   SOLE   1,783,468 0 389,358
UCP, Inc. Class A COM 90265Y106 7,540 742,854 SH   SOLE   522,064 0 220,790
UniFirst Corporation COM 904708104 64,195 453,834 SH   SOLE   386,201 0 67,633
Unilever PLC Sponsored ADR COM 904767704 70,380 1,426,433 SH   SOLE   1,162,070 0 264,363
Union Pacific Corporation COM 907818108 70,236 663,100 SH   SOLE   540,335 0 122,765
United Parcel Service, Inc. Cl COM 911312106 57,817 538,831 SH   SOLE   437,179 0 101,652
Uniti Group Inc COM 91325V108 42,514 1,644,629 SH   SOLE   1,338,270 0 306,359
US Ecology, Inc. COM 91732J102 8,801 187,865 SH   SOLE   154,342 0 33,523
Valero Energy Corporation COM 91913Y100 54,613 823,851 SH   SOLE   675,089 0 148,762
Vectren Corporation COM 92240G101 20,417 348,357 SH   SOLE   283,508 0 64,849
Ventas, Inc. COM 92276F100 78,022 1,199,604 SH   SOLE   974,909 0 224,695
VeriFone Systems, Inc. COM 92342Y109 30,171 1,610,842 SH   SOLE   1,387,432 0 223,410
Verizon Communications Inc. COM 92343V104 91,181 1,870,385 SH   SOLE   1,519,634 0 350,751
Viad Corp COM 92552R406 5,984 132,395 SH   SOLE   97,689 0 34,706
Vista Outdoor Inc COM 928377100 14,018 680,840 SH   SOLE   570,250 0 110,590
W.W. Grainger, Inc. COM 384802104 51,791 222,510 SH   SOLE   181,567 0 40,943
Wal-Mart Stores, Inc. COM 931142103 64,277 891,743 SH   SOLE   770,379 0 121,364
Wells Fargo & Company COM 949746101 69,004 1,239,747 SH   SOLE   1,037,343 0 202,404
WesBanco, Inc. COM 950810101 14,723 386,340 SH   SOLE   315,336 0 71,004
Weyerhaeuser Company COM 962166104 53,031 1,560,651 SH   SOLE   1,281,605 0 279,046
White Mountains Insurance Grou COM G9618E107 77,278 87,828 SH   SOLE   76,532 0 11,296
World Fuel Services Corporatio COM 981475106 13,331 367,765 SH   SOLE   313,973 0 53,792