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
Aegion Corporation COM 00770F104 7,762 354,740 SH   SOLE   321,430 0 33,310
Air Transport Services Group, COM 00922R105 19,088 876,390 SH   SOLE   832,171 0 44,219
Aircastle Limited COM G0129K104 44,310 2,037,237 SH   SOLE   1,654,385 0 382,852
Alexander & Baldwin, Inc. COM 014491104 997 24,105 SH   SOLE   24,105 0 0
Alphabet Inc. Class C COM 02079K107 1,922 2,115 SH   SOLE   2,115 0 0
American National Insurance Co COM 028591105 8,212 70,497 SH   SOLE   63,837 0 6,660
AmeriGas Partners, L.P. COM 030975106 39,834 881,862 SH   SOLE   691,686 0 190,176
Amgen Inc. COM 031162100 65,524 380,444 SH   SOLE   309,499 0 70,945
Armstrong Flooring, Inc. COM 04238R106 26,898 1,496,807 SH   SOLE   1,434,787 0 62,020
Armstrong World Industries, In COM 04247X102 39,704 863,127 SH   SOLE   830,944 0 32,183
Asbury Automotive Group, Inc. COM 043436104 27,078 478,834 SH   SOLE   463,534 0 15,300
Associated Capital Group, Inc. COM 045528106 945 27,790 SH   SOLE   27,790 0 0
ATN International, Inc. COM 00215F107 19,657 287,212 SH   SOLE   271,961 0 15,251
Axis Capital Holdings Limited COM G0692U109 48,533 750,587 SH   SOLE   609,425 0 141,162
Barrett Business Services, Inc COM 068463108 5,907 103,106 SH   SOLE   94,130 0 8,976
BB&T Corporation COM 054937107 102,612 2,259,679 SH   SOLE   1,835,775 0 423,904
Berkshire Hathaway Inc. Class COM 084670702 17,289 102,076 SH   SOLE   102,076 0 0
Biglari Holdings Inc. COM 08986R101 28,212 70,577 SH   SOLE   67,202 0 3,375
Blackhawk Network Holdings, In COM 09238E104 60,614 1,390,224 SH   SOLE   1,326,285 0 63,939
Blackstone Group L.P. COM 09253U108 1,196 35,862 SH   SOLE   35,862 0 0
Capital Southwest Corporation COM 140501107 14,029 872,480 SH   SOLE   822,478 0 50,002
Cardinal Health, Inc. COM 14149Y108 61,654 791,250 SH   SOLE   649,289 0 141,961
Cedar Fair, L.P. COM 150185106 42,541 590,024 SH   SOLE   475,010 0 115,014
Chevron Corporation COM 166764100 40,760 390,679 SH   SOLE   317,881 0 72,798
Chubb Limited COM H1467J104 213 1,463 SH   SOLE   1,463 0 0
Cinemark Holdings, Inc. COM 17243V102 75,867 1,952,821 SH   SOLE   1,589,595 0 363,226
CNA Financial Corporation COM 126117100 33,667 690,611 SH   SOLE   582,772 0 107,839
Cogent Communications Holdings COM 19239V302 8,800 219,454 SH   SOLE   177,305 0 42,149
Comcast Corporation Class A COM 20030N101 7,374 189,457 SH   SOLE   189,457 0 0
Compass Minerals International COM 20451N101 47,580 728,644 SH   SOLE   595,713 0 132,931
Computer Programs and Systems, COM 205306103 26,074 794,935 SH   SOLE   749,612 0 45,323
Conduent, Inc. COM 206787103 10,551 661,930 SH   SOLE   661,930 0 0
Corning Inc COM 219350105 98,810 3,288,180 SH   SOLE   2,666,305 0 621,875
Coty Inc. Class A COM 222070203 57,579 3,069,257 SH   SOLE   2,561,837 0 507,420
CSG Systems International, Inc COM 126349109 40,765 1,004,547 SH   SOLE   903,755 0 100,792
Cubic Corporation COM 229669106 21,609 466,726 SH   SOLE   445,281 0 21,445
CVS Health Corporation COM 126650100 50,663 629,665 SH   SOLE   538,507 0 91,158
DaVita Inc. COM 23918K108 8,953 138,246 SH   SOLE   138,246 0 0
Diageo plc Sponsored ADR COM 25243Q205 231 1,929 SH   SOLE   1,929 0 0
Dolby Laboratories, Inc. Class COM 25659T107 12,954 264,590 SH   SOLE   264,590 0 0
Emerson Electric Co. COM 291011104 60,835 1,020,371 SH   SOLE   834,539 0 185,832
ePlus inc. COM 294268107 12,406 167,426 SH   SOLE   157,646 0 9,780
EVERTEC, Inc. COM 30040P103 2,894 167,298 SH   SOLE   159,327 0 7,971
Evolution Petroleum Corporatio COM 30049A107 3,893 480,618 SH   SOLE   437,221 0 43,397
Extended Stay America Inc COM 30224P200 73,977 3,821,119 SH   SOLE   3,380,118 0 441,001
Exxon Mobil Corporation COM 30231G102 52,716 652,989 SH   SOLE   530,455 0 122,534
Fastenal Company COM 311900104 78,786 1,809,916 SH   SOLE   1,470,740 0 339,176
Fidelity National Financial, I COM 31620R402 69,568 4,403,026 SH   SOLE   4,202,568 0 200,458
First Citizens BancShares, Inc COM 31946M103 5,629 15,104 SH   SOLE   13,891 0 1,213
Forward Air Corporation COM 349853101 22,904 429,885 SH   SOLE   406,417 0 23,468
General Motors Company COM 37045V100 11,026 315,670 SH   SOLE   315,670 0 0
GEO Group Inc COM 36162J106 36,147 1,222,419 SH   SOLE   1,058,968 0 163,451
Gran Tierra Energy Inc. COM 38500T101 3,347 1,493,993 SH   SOLE   1,360,193 0 133,800
Graphic Packaging Holding Comp COM 388689101 5,671 411,550 SH   SOLE   411,550 0 0
HollyFrontier Corporation COM 436106108 7,586 276,160 SH   SOLE   276,160 0 0
Ingles Markets, Incorporated C COM 457030104 35,263 1,058,948 SH   SOLE   1,013,614 0 45,334
Intel Corporation COM 458140100 52,886 1,567,444 SH   SOLE   1,273,601 0 293,843
International Speedway Corpora COM 460335201 26,842 714,835 SH   SOLE   674,330 0 40,505
Interpublic Group of Companies COM 460690100 49,040 1,993,490 SH   SOLE   1,621,167 0 372,323
Iron Mountain, Inc. COM 46284V101 117,617 3,423,069 SH   SOLE   2,827,227 0 595,842
Ituran Location & Control Ltd. COM M6158M104 10,855 346,820 SH   SOLE   316,376 0 30,444
J. Alexander's Holdings, Inc. COM 46609J106 12,697 1,036,513 SH   SOLE   966,530 0 69,983
Johnson Controls International COM G51502105 60,516 1,395,658 SH   SOLE   1,134,812 0 260,846
Kansas City Southern COM 485170302 10,744 102,662 SH   SOLE   102,662 0 0
KAR Auction Services, Inc. COM 48238T109 37,096 883,878 SH   SOLE   721,090 0 162,788
Kelly Services, Inc. Class A COM 488152208 7,176 319,664 SH   SOLE   288,154 0 31,510
Kimberly-Clark Corporation COM 494368103 51,895 401,942 SH   SOLE   326,367 0 75,575
KLX, Inc. COM 482539103 12,456 249,115 SH   SOLE   234,704 0 14,411
La Quinta Holdings, Inc. COM 50420D108 24,711 1,673,080 SH   SOLE   1,588,990 0 84,090
Leucadia National Corporation COM 527288104 8,601 328,799 SH   SOLE   328,799 0 0
Liberty Broadband Corp. Class COM 530307305 15,421 177,767 SH   SOLE   177,767 0 0
Liberty Expedia Holdings Inc C COM 53046P109 48,131 890,987 SH   SOLE   847,567 0 43,420
Liberty Global Plc LiLAC Group COM G5480U138 3,682 169,120 SH   SOLE   169,120 0 0
Liberty Global Plc LiLAC Group COM G5480U153 16,455 768,588 SH   SOLE   768,588 0 0
Liberty Interactive Corporatio COM 53071M856 49,141 939,775 SH   SOLE   939,775 0 0
Liberty Media Corp. Series C L COM 531229607 11,199 268,561 SH   SOLE   268,561 0 0
LyondellBasell Industries NV COM N53745100 36,035 427,011 SH   SOLE   350,297 0 76,714
Madison Square Garden Co. Clas COM 55825T103 9,593 48,720 SH   SOLE   48,720 0 0
Magellan Midstream Partners, L COM 559080106 35,664 500,409 SH   SOLE   392,989 0 107,420
Marathon Petroleum Corporation COM 56585A102 89,703 1,714,170 SH   SOLE   1,396,461 0 317,709
Marcus & Millichap, Inc. COM 566324109 8,379 317,861 SH   SOLE   300,605 0 17,256
Match Group, Inc. COM 57665R106 8,958 515,438 SH   SOLE   487,611 0 27,827
McKesson Corporation COM 58155Q103 1,836 11,157 SH   SOLE   11,157 0 0
MetLife, Inc. COM 59156R108 58,389 1,062,785 SH   SOLE   864,186 0 198,599
Microsoft Corporation COM 594918104 60,948 884,200 SH   SOLE   719,328 0 164,872
MicroStrategy Incorporated Cla COM 594972408 17,685 92,270 SH   SOLE   87,280 0 4,990
Mitel Networks Corporation COM 60671Q104 26,104 3,551,590 SH   SOLE   3,375,260 0 176,330
Monarch Casino & Resort, Inc. COM 609027107 5,666 187,290 SH   SOLE   170,271 0 17,019
Motorcar Parts of America, Inc COM 620071100 26,062 922,877 SH   SOLE   876,669 0 46,208
Motorola Solutions, Inc. COM 620076307 62,348 718,797 SH   SOLE   584,263 0 134,534
Murphy USA, Inc. COM 626755102 55,119 743,750 SH   SOLE   708,746 0 35,004
National Fuel Gas Company COM 636180101 99,365 1,779,458 SH   SOLE   1,509,277 0 270,181
Natural Grocers by Vitamin Cot COM 63888U108 7,386 893,087 SH   SOLE   810,716 0 82,371
Nielsen Holdings Plc COM G6518L108 59,856 1,548,266 SH   SOLE   1,265,621 0 282,645
Novo Nordisk A/S Sponsored ADR COM 670100205 48,050 1,120,310 SH   SOLE   920,438 0 199,872
Oaktree Capital Group, LLC Cla COM 674001201 9,396 201,627 SH   SOLE   201,627 0 0
Occidental Petroleum Corporati COM 674599105 57,122 954,094 SH   SOLE   778,253 0 175,841
Omnicom Group Inc COM 681919106 69,770 841,614 SH   SOLE   684,545 0 157,069
Orthofix International NV COM N6748L102 6,419 138,096 SH   SOLE   131,015 0 7,081
OSI Systems, Inc. COM 671044105 11,043 146,940 SH   SOLE   139,170 0 7,770
Owens & Minor, Inc. COM 690732102 42,039 1,305,961 SH   SOLE   1,045,970 0 259,991
PBF Energy, Inc. Class A COM 69318G106 14,111 633,935 SH   SOLE   597,645 0 36,290
PepsiCo, Inc. COM 713448108 43,912 380,226 SH   SOLE   308,491 0 71,735
PICO Holdings, Inc. COM 693366205 24,342 1,390,976 SH   SOLE   1,319,184 0 71,792
PNC Financial Services Group, COM 693475105 56,912 455,767 SH   SOLE   372,421 0 83,346
Polaris Industries Inc. COM 731068102 48,639 527,361 SH   SOLE   457,045 0 70,316
Praxair, Inc. COM 74005P104 109,899 829,114 SH   SOLE   679,852 0 149,262
Premier Inc. Class A COM 74051N102 47,803 1,327,863 SH   SOLE   1,327,863 0 0
QEP Resources, Inc. COM 74733V100 8,319 823,640 SH   SOLE   777,790 0 45,850
QUALCOMM Incorporated COM 747525103 52,978 959,405 SH   SOLE   779,006 0 180,399
Realogy Holdings Corp. COM 75605Y106 20,648 636,312 SH   SOLE   636,312 0 0
Resources Connection, Inc. COM 76122Q105 16,311 1,190,608 SH   SOLE   1,130,851 0 59,757
Ryman Hospitality Properties, COM 78377T107 74,217 1,159,452 SH   SOLE   938,777 0 220,675
Sabra Health Care REIT, Inc. COM 78573L106 55,787 2,314,827 SH   SOLE   1,875,053 0 439,774
Sabre Corp. COM 78573M104 17,704 813,248 SH   SOLE   813,248 0 0
Select Comfort Corporation COM 81616X103 30,640 863,354 SH   SOLE   819,676 0 43,678
SodaStream International Ltd. COM M9068E105 3,894 72,762 SH   SOLE   65,981 0 6,781
SP Plus Corporation COM 78469C103 26,392 863,909 SH   SOLE   818,087 0 45,822
Spectra Energy Partners, LP COM 84756N109 45,370 1,057,565 SH   SOLE   841,730 0 215,835
Speedway Motorsports, Inc. COM 847788106 367 20,066 SH   SOLE   20,066 0 0
Spirit AeroSystems Holdings, I COM 848574109 21,252 366,787 SH   SOLE   366,787 0 0
Sumitomo Mitsui Financial Grou COM 86562M209 177 22,492 SH   SOLE   22,492 0 0
Sykes Enterprises, Incorporate COM 871237103 19,464 580,483 SH   SOLE   552,027 0 28,456
Target Corporation COM 87612E106 56,338 1,077,423 SH   SOLE   878,327 0 199,096
Taro Pharmaceutical Industries COM M8737E108 7,337 65,470 SH   SOLE   65,470 0 0
TE Connectivity Ltd. COM H84989104 57,262 727,782 SH   SOLE   591,596 0 136,186
TechTarget, Inc. COM 87874R100 3,260 314,361 SH   SOLE   286,151 0 28,210
Telephone and Data Systems, In COM 879433829 16,348 589,130 SH   SOLE   554,871 0 34,259
Thomson Reuters Corporation COM 884903105 57,737 1,247,283 SH   SOLE   1,010,889 0 236,394
TransMontaigne Partners L.P. COM 89376V100 16,037 381,834 SH   SOLE   299,465 0 82,369
TRI Pointe Group Inc COM 87265H109 586 44,408 SH   SOLE   44,408 0 0
U.S. Bancorp COM 902973304 110,531 2,128,868 SH   SOLE   1,744,143 0 384,725
UCP, Inc. Class A COM 90265Y106 6,200 566,170 SH   SOLE   509,671 0 56,499
UniFirst Corporation COM 904708104 56,270 399,927 SH   SOLE   381,141 0 18,786
Unilever PLC Sponsored ADR COM 904767704 64,218 1,186,581 SH   SOLE   965,916 0 220,665
Union Pacific Corporation COM 907818108 71,009 651,994 SH   SOLE   530,785 0 121,209
United Parcel Service, Inc. Cl COM 911312106 58,470 528,708 SH   SOLE   428,346 0 100,362
Uniti Group Inc COM 91325V108 40,801 1,622,936 SH   SOLE   1,322,818 0 300,118
US Ecology, Inc. COM 91732J102 5,110 101,190 SH   SOLE   91,647 0 9,543
Valero Energy Corporation COM 91913Y100 54,536 808,415 SH   SOLE   661,487 0 146,928
Ventas, Inc. COM 92276F100 67,797 975,772 SH   SOLE   791,761 0 184,011
VeriFone Systems, Inc. COM 92342Y109 24,113 1,332,190 SH   SOLE   1,260,280 0 71,910
Verizon Communications Inc. COM 92343V104 82,162 1,839,722 SH   SOLE   1,493,442 0 346,280
Viad Corp COM 92552R406 4,612 97,615 SH   SOLE   87,689 0 9,926
Vista Outdoor Inc COM 928377100 4,898 217,600 SH   SOLE   194,810 0 22,790
W.W. Grainger, Inc. COM 384802104 28,733 159,157 SH   SOLE   129,538 0 29,619
Wal-Mart Stores, Inc. COM 931142103 66,517 878,922 SH   SOLE   761,352 0 117,570
Wells Fargo & Company COM 949746101 67,763 1,222,937 SH   SOLE   1,022,980 0 199,957
WesBanco, Inc. COM 950810101 15,018 379,827 SH   SOLE   309,230 0 70,597
Weyerhaeuser Company COM 962166104 51,320 1,531,936 SH   SOLE   1,256,404 0 275,532
White Mountains Insurance Grou COM G9618E107 68,913 79,335 SH   SOLE   75,829 0 3,506
World Fuel Services Corporatio COM 981475106 19,892 517,340 SH   SOLE   491,210 0 26,130