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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year(1)
Summary
Comp.
Table for
CEO
Comp.
Actually
Paid to
CEO(2)
Average
Summary
Comp.
Table Total
for Non-CEO
NEOs
Average
Comp.
Actually
Paid to
Non-CEO
NEOs(2)
Value of Initial
Fixed $100 Investment
Based On:
Net
Income
($M)
Budget to
Actual
Performance
(EPS)(4)
TSR
Peer
Group TSR(3)
2024
$ 4,803,389 $ 4,682,415 $ 943,423 $ 859,492 $ 97.46 $ 92.93 $ 190.8 53.0%
2023
$ 4,856,752 $ 3,689,961 $ 1,003,883 $ 704,548 $ 107.84 $ 105.53 $ 51.9 (52.1)%
2022
$ 3,351,529 $ 3,111,318 $ 820,950 $ 829,540 $ 123.71 $ 123.42 $ 96.0 (1.7)%
2021
$ 3,718,087 $ 4,495,501 $ 1,204,755 $ 1,050,610 $ 144.06 $ 144.46 $ 101.1 6.5%
2020
$ 3,776,856 $ 4,268,399 $ 901,550 $ 983,279 $ 106.68 $ 115.75 $ 96.8 21.0%
(1)
The CEO for all five reporting years was Martin Kropelnicki. The other NEOs in 2024 were James Lynch, David Healey, Shawn Bunting, Michael Luu, and Shannon Dean. The other NEOs in 2023 were David Healey, Thomas Smegal III, Paul Townsley, Michael Luu, Ronald Webb, and Shawn Bunting. The other NEOs in 2022 were Thomas Smegal III, Paul Townsley, Robert Kuta and Michael Luu. The other NEOs in the 2021 and 2020 reporting year were Thomas Smegal III, Paul Townsley, Robert Kuta and Lynne McGhee.
(2)
Amounts reported in this column are based on total compensation reported for our CEOs and the average of the total compensation of our other NEOs in the Summary Compensation Table for the indicated reporting year and adjusted as shown in the table below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes.
(3)
Amounts reported in this column represent returns on an initial $100 investment based on the Robert W. Baird Water Utility Index, which we chose as peer group for purposes of the PvP table.
(4)
In accordance with SEC rules, the Group is required to include in the Pay versus Performance table the “most important” financial performance measure (as determined by the Company) used to link compensation actually paid to our CEO and other named executive officers to Company performance for the most recently completed fiscal year. The Group determined that the annual budget-to-actual performance of the Company meets this requirement. This performance measure compares the actual diluted earnings per share to the forecasted diluted earnings per share for the calendar year. The forecasted diluted earnings per share is adopted during the budget process by the Board of Directors each year. By adhering to budgets, management is able to demonstrate to the Board, stockholders and customers that the Company is effective at managing controllable costs and has the ability to efficiently execute its business plan.
Chairman, President & CEO Summary Compensation Table (SCT) Total to Compensation Actually Paid (CAP) Reconciliation
2024
Summary Compensation Table Reported Compensation
$ 4,803,389
Deduction for pension values reported in SCT for the covered year $ (0)
Increase for pension value attributable to current year’s service and any change in pension value
attributable to plan amendments made in the covered year
$ 66,126
Deduction for grant date fair value of equity awards reported in “Stock Awards” column of the SCT
for the covered year
$ (1,816,836)
Increase for the fair value as of the end of the covered year of all equity awards granted during the
covered year that are outstanding and unvested as of the end of such covered year
$ 1,980,553
Increase/(Deduction) for the change in fair value as of the end of the covered year of any equity awards granted in any prior year that are outstanding and unvested as of the end of such covered year
$ (268,298)
Increase/(Deduction) for the change in fair value as of the vesting date of any equity awards granted in any prior year for which all applicable vesting conditions were satisfied during the covered year
$ (90,805)
Increase for the dollar value of any dividends or other earnings paid on stock or option awards in the covered year prior to the vesting date that are not otherwise reflected in the fair value of such award
$ 8,286
Total Compensation Actually Paid
$ 4,682,415
Average Non-Chairman, President & CEO NEO SCT Total to CAP Reconciliation
2024
Summary Compensation Table Reported Compensation
$ 943,423
Deduction for pension values reported in SCT for the covered year $ (126,709)
Increase for pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the covered year
$ 45,333
Deduction for grant date fair value of equity awards reported in “Stock Awards” column of the SCT for the covered year
$ (183,872)
Increase for the fair value as of the end of the covered year of all equity awards granted during the covered year that are outstanding and unvested as of the end of such covered year
$ 210,256
Increase/(Deduction) for the change in fair value as of the end of the covered year of any equity
awards granted in any prior year that are outstanding and unvested as of the end of such covered
year
$ (21,215)
Increase/(Deduction) for the change in fair value as of the vesting date of any equity awards granted
in any prior year for which all applicable vesting conditions were satisfied during the covered
year
$ (8,545)
Increase for the dollar value of any dividends or other earnings paid on stock or option awards in
the covered year prior to the vesting date that are not otherwise reflected in the fair value of such
award
$ 821
Total Compensation Actually Paid
$ 859,492
       
Company Selected Measure Name Budget toActualPerformance(EPS)        
Named Executive Officers, Footnote
(1)
The CEO for all five reporting years was Martin Kropelnicki. The other NEOs in 2024 were James Lynch, David Healey, Shawn Bunting, Michael Luu, and Shannon Dean. The other NEOs in 2023 were David Healey, Thomas Smegal III, Paul Townsley, Michael Luu, Ronald Webb, and Shawn Bunting. The other NEOs in 2022 were Thomas Smegal III, Paul Townsley, Robert Kuta and Michael Luu. The other NEOs in the 2021 and 2020 reporting year were Thomas Smegal III, Paul Townsley, Robert Kuta and Lynne McGhee.
       
Peer Group Issuers, Footnote
(3)
Amounts reported in this column represent returns on an initial $100 investment based on the Robert W. Baird Water Utility Index, which we chose as peer group for purposes of the PvP table.
       
PEO Total Compensation Amount $ 4,803,389 $ 4,856,752 $ 3,351,529 $ 3,718,087 $ 3,776,856
PEO Actually Paid Compensation Amount $ 4,682,415 3,689,961 3,111,318 4,495,501 4,268,399
Adjustment To PEO Compensation, Footnote
(2)
Amounts reported in this column are based on total compensation reported for our CEOs and the average of the total compensation of our other NEOs in the Summary Compensation Table for the indicated reporting year and adjusted as shown in the table below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes.
Chairman, President & CEO Summary Compensation Table (SCT) Total to Compensation Actually Paid (CAP) Reconciliation
2024
Summary Compensation Table Reported Compensation
$ 4,803,389
Deduction for pension values reported in SCT for the covered year $ (0)
Increase for pension value attributable to current year’s service and any change in pension value
attributable to plan amendments made in the covered year
$ 66,126
Deduction for grant date fair value of equity awards reported in “Stock Awards” column of the SCT
for the covered year
$ (1,816,836)
Increase for the fair value as of the end of the covered year of all equity awards granted during the
covered year that are outstanding and unvested as of the end of such covered year
$ 1,980,553
Increase/(Deduction) for the change in fair value as of the end of the covered year of any equity awards granted in any prior year that are outstanding and unvested as of the end of such covered year
$ (268,298)
Increase/(Deduction) for the change in fair value as of the vesting date of any equity awards granted in any prior year for which all applicable vesting conditions were satisfied during the covered year
$ (90,805)
Increase for the dollar value of any dividends or other earnings paid on stock or option awards in the covered year prior to the vesting date that are not otherwise reflected in the fair value of such award
$ 8,286
Total Compensation Actually Paid
$ 4,682,415
       
Non-PEO NEO Average Total Compensation Amount $ 943,423 1,003,883 820,950 1,204,755 901,550
Non-PEO NEO Average Compensation Actually Paid Amount $ 859,492 704,548 829,540 1,050,610 983,279
Adjustment to Non-PEO NEO Compensation Footnote
(2)
Amounts reported in this column are based on total compensation reported for our CEOs and the average of the total compensation of our other NEOs in the Summary Compensation Table for the indicated reporting year and adjusted as shown in the table below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes.
Average Non-Chairman, President & CEO NEO SCT Total to CAP Reconciliation
2024
Summary Compensation Table Reported Compensation
$ 943,423
Deduction for pension values reported in SCT for the covered year $ (126,709)
Increase for pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the covered year
$ 45,333
Deduction for grant date fair value of equity awards reported in “Stock Awards” column of the SCT for the covered year
$ (183,872)
Increase for the fair value as of the end of the covered year of all equity awards granted during the covered year that are outstanding and unvested as of the end of such covered year
$ 210,256
Increase/(Deduction) for the change in fair value as of the end of the covered year of any equity
awards granted in any prior year that are outstanding and unvested as of the end of such covered
year
$ (21,215)
Increase/(Deduction) for the change in fair value as of the vesting date of any equity awards granted
in any prior year for which all applicable vesting conditions were satisfied during the covered
year
$ (8,545)
Increase for the dollar value of any dividends or other earnings paid on stock or option awards in
the covered year prior to the vesting date that are not otherwise reflected in the fair value of such
award
$ 821
Total Compensation Actually Paid
$ 859,492
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_compaptsr-pn.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_apnetincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_apeps-pn.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_compaptsr-pn.jpg]        
Tabular List, Table
Tabular List of Performance Metrics
The following are the most important financial performance measures (and non-financial performance measures), as determined by the Group, that link compensation actually paid to our NEOs to the Company’s performance for the most recently completed fiscal year.
Budget to Actual Performance (EPS)
Return on Equity for Stockholder Return
Growth in Stockholder’s Equity
Customer Service and Support
Emergency Preparedness and Safety
Infrastructure Improvement and Utility Plant Investment
Water Quality and Public Health
       
Total Shareholder Return Amount $ 97.46 107.84 123.71 144.06 106.68
Peer Group Total Shareholder Return Amount 92.93 105.53 123.42 144.46 115.75
Net Income (Loss) $ 190.8 $ 51.9 $ 96 $ 101.1 $ 96.8
Company Selected Measure Amount 53 (52.1) (1.7) 6.5 21
PEO Name Martin Kropelnicki        
Measure:: 1          
Pay vs Performance Disclosure          
Name Budget to Actual Performance (EPS)        
Non-GAAP Measure Description
(4)
In accordance with SEC rules, the Group is required to include in the Pay versus Performance table the “most important” financial performance measure (as determined by the Company) used to link compensation actually paid to our CEO and other named executive officers to Company performance for the most recently completed fiscal year. The Group determined that the annual budget-to-actual performance of the Company meets this requirement. This performance measure compares the actual diluted earnings per share to the forecasted diluted earnings per share for the calendar year. The forecasted diluted earnings per share is adopted during the budget process by the Board of Directors each year. By adhering to budgets, management is able to demonstrate to the Board, stockholders and customers that the Company is effective at managing controllable costs and has the ability to efficiently execute its business plan.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Return on Equity for Stockholder Return        
Measure:: 3          
Pay vs Performance Disclosure          
Name Growth in Stockholder’s Equity        
Measure:: 4          
Pay vs Performance Disclosure          
Name Customer Service and Support        
Measure:: 5          
Pay vs Performance Disclosure          
Name Emergency Preparedness and Safety        
Measure:: 6          
Pay vs Performance Disclosure          
Name Infrastructure Improvement and Utility Plant Investment        
Measure:: 7          
Pay vs Performance Disclosure          
Name Water Quality and Public Health        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0        
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 66,126        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,816,836)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,980,553        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (268,298)        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (90,805)        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,286        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (126,709)        
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 45,333        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (183,872)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 210,256        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (21,215)        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (8,545)        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 821