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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
$ / shares
Pay vs Performance Disclosure  
Pay vs Performance Disclosure, Table
Pay Versus Performance
The Company’s compensation objectives and philosophy, which are discussed further above, are designed to reward the contributions of its NEOs to the Company’s financial performance and provide compensation which is sufficient to attract and retain individuals who are motivated to contribute to the Company’s financial performance. To achieve these goals, the Company has implemented incentive plans which tie a substantial portion of each NEO’s compensation to pre-determined financial goals.
For the year ended December 31, 2024, the most important financial performance measure used by the Company to link executive compensation actually paid to the Company’s financial performance were as follows:
i.
Adjusted EBITDA
The following table summarizes the executive compensation earned by the Company’s Principal Executive Officer (“PEO”) and other NEOs, the executive compensation actually paid to the Company’s
Year(1)
Summary
Compensation
Table Total
for PEO
($)
Compensation
Actually
Paid to PEO
($)
Average
Summary
Compensation
Table Total
for non-PEO
NEOs
($)
Average
Compensation
Actually
Paid to
non-PEO
NEOs
($)
Value of Initial Fixed $100
Investment Based On:
Net Income
($)
Adjusted
EBITDA
($)
Total
Shareholder
Return
($)
Peer Group
Total
Shareholder
Return
($)
2024 7,075,161 6,330,411 3,530,075 3,252,035 88.24 93.19 171,897,000 376,856,000
(1)
The PEO is William Newton for 2024. The non-PEO NEOs are Matthew DiCanio, John deLorimier, John Anderson, Michael Kosuth and Su Zan Nelson for 2024.
The following table outlines the adjustments made to the compensation earned by the Company’s PEO and other NEOs, as presented in the Summary Compensation Table on page 18, to derive the compensation actually paid to the Company’s PEO and other NEOs.
Adjustments
Year
Summary
Compensation
Table Total
($)
Less: Reported
Value of
Stock Awards
($)
(1)
Plus: Year End
Fair Value of
Restricted Stock
Awards Granted
During the Year
($)
(2)(3)
Plus: Change in
Fair Value of
Outstanding and
Unvested
Restricted
Stock Awards
($)
(2)(3)
Plus: Change in
Fair Value of
Restricted Stock
Awards Granted
in Prior Years
that Vested
During the Year
($)
(2)(3)
Compensation
Actually Paid
($)
PEO
2024
7,075,161 5,195,250 4,450,500 6,330,411
Non-PEO NEOs
2024
3,530,075 1,939,560 1,661,520 3,252,035
(1)
Represents the grant date fair value of restricted stock awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.
(2)
Adjustments are equal to (i) the year-end fair value of restricted stock awards granted during the applicable year that are outstanding and unvested as of the end of the year, (ii) the amount of the change in fair value as of the end of the applicable year (from the end of the prior fiscal year) of any restricted stock awards granted in prior years that are outstanding and unvested as of the end of the applicable year, and (iii) for restricted stock awards granted in prior years that vest in the applicable year, an amount equal to the change in fair value as of the vesting date (from the end of the prior fiscal year).
(3)
Restricted stock awards are valued using the market price of our stock. The closing market price of our stock was $19.78 on December 31, 2024.
Company Selected Measure Name Adjusted EBITDA
Named Executive Officers, Footnote
(1)
The PEO is William Newton for 2024. The non-PEO NEOs are Matthew DiCanio, John deLorimier, John Anderson, Michael Kosuth and Su Zan Nelson for 2024.
PEO Total Compensation Amount $ 7,075,161
PEO Actually Paid Compensation Amount $ 6,330,411
Adjustment To PEO Compensation, Footnote
The following table outlines the adjustments made to the compensation earned by the Company’s PEO and other NEOs, as presented in the Summary Compensation Table on page 18, to derive the compensation actually paid to the Company’s PEO and other NEOs.
Adjustments
Year
Summary
Compensation
Table Total
($)
Less: Reported
Value of
Stock Awards
($)
(1)
Plus: Year End
Fair Value of
Restricted Stock
Awards Granted
During the Year
($)
(2)(3)
Plus: Change in
Fair Value of
Outstanding and
Unvested
Restricted
Stock Awards
($)
(2)(3)
Plus: Change in
Fair Value of
Restricted Stock
Awards Granted
in Prior Years
that Vested
During the Year
($)
(2)(3)
Compensation
Actually Paid
($)
PEO
2024
7,075,161 5,195,250 4,450,500 6,330,411
Non-PEO NEOs
2024
3,530,075 1,939,560 1,661,520 3,252,035
(1)
Represents the grant date fair value of restricted stock awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.
(2)
Adjustments are equal to (i) the year-end fair value of restricted stock awards granted during the applicable year that are outstanding and unvested as of the end of the year, (ii) the amount of the change in fair value as of the end of the applicable year (from the end of the prior fiscal year) of any restricted stock awards granted in prior years that are outstanding and unvested as of the end of the applicable year, and (iii) for restricted stock awards granted in prior years that vest in the applicable year, an amount equal to the change in fair value as of the vesting date (from the end of the prior fiscal year).
(3)
Restricted stock awards are valued using the market price of our stock. The closing market price of our stock was $19.78 on December 31, 2024.
Non-PEO NEO Average Total Compensation Amount $ 3,530,075
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,252,035
Adjustment to Non-PEO NEO Compensation Footnote
The following table outlines the adjustments made to the compensation earned by the Company’s PEO and other NEOs, as presented in the Summary Compensation Table on page 18, to derive the compensation actually paid to the Company’s PEO and other NEOs.
Adjustments
Year
Summary
Compensation
Table Total
($)
Less: Reported
Value of
Stock Awards
($)
(1)
Plus: Year End
Fair Value of
Restricted Stock
Awards Granted
During the Year
($)
(2)(3)
Plus: Change in
Fair Value of
Outstanding and
Unvested
Restricted
Stock Awards
($)
(2)(3)
Plus: Change in
Fair Value of
Restricted Stock
Awards Granted
in Prior Years
that Vested
During the Year
($)
(2)(3)
Compensation
Actually Paid
($)
PEO
2024
7,075,161 5,195,250 4,450,500 6,330,411
Non-PEO NEOs
2024
3,530,075 1,939,560 1,661,520 3,252,035
(1)
Represents the grant date fair value of restricted stock awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year.
(2)
Adjustments are equal to (i) the year-end fair value of restricted stock awards granted during the applicable year that are outstanding and unvested as of the end of the year, (ii) the amount of the change in fair value as of the end of the applicable year (from the end of the prior fiscal year) of any restricted stock awards granted in prior years that are outstanding and unvested as of the end of the applicable year, and (iii) for restricted stock awards granted in prior years that vest in the applicable year, an amount equal to the change in fair value as of the vesting date (from the end of the prior fiscal year).
(3)
Restricted stock awards are valued using the market price of our stock. The closing market price of our stock was $19.78 on December 31, 2024.
Compensation Actually Paid vs. Total Shareholder Return
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Compensation Actually Paid vs. Net Income
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Compensation Actually Paid vs. Company Selected Measure
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Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsr-bw.jpg]
Total Shareholder Return Amount $ 88.24
Peer Group Total Shareholder Return Amount 93.19
Net Income (Loss) $ 171,897,000
Company Selected Measure Amount 376,856,000
PEO Name William Newton
Share Price | $ / shares $ 19.78
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table  
Pay vs Performance Disclosure  
Adjustment to Compensation, Amount $ (5,195,250)
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 4,450,500
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
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
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 (1,939,560)
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 1,661,520
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
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