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Pay vs Performance Disclosure
pure in Millions
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus Performance Table
In accordance with Item 402(v), we provide below the tabular disclosure for the Company’s President and Chief Executive Officer (“CEO”) (our Principal Executive Officer) and the average of our NEOs other than the CEO for 2022, 2021 and 2020.
Year
Summary
Compensation
Table Total
for Barry A.
Ruffalo(1)
($)
Compensation
Actually Paid
to Barry A.
Ruffalo(1)(2)(3)
($)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs(1)
($)
Average
Compensation
Actually Paid
to Non-PEO
NEOs(1)(2)(3)
($)
Value of Initial
Fixed $100
Investment
based on:(4)
Net
Income
($ Millions)(5)
Adjusted
EBITDA
($ Million)(6)
TSR
($)
Peer
Group
TSR
($)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2022 4,245,485 1,009,177 1,211,633 394,458 99.59 127.72 (0.6) 70.8
2021 3,469,725 4,281,031 1,160,498 1,377,772 167.78 140.98 15.9 65.1
2020 2,678,565 4,741,464 1,064,315 1,390,604 139.28 111.97 46.0 81.7
(1)
Barry A. Ruffalo was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2020
2021
2022
Rebecca A. Weyenberg
Rebecca A. Weyenberg
Rebecca A. Weyenberg
Timothy A. Averkamp Timothy A. Averkamp Timothy A. Averkamp
Jaco G. van der Merwe
Jaco G. van der Merwe
Jaco G. van der Merwe
Stephen C. Anderson Anshu Pasricha Anshu Pasricha
Jeffrey Schwarz
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
Year
Summary
Compensation Table
Total for Barry A.
Ruffalo
($)
Exclusion of Stock
Awards for Barry A.
Ruffalo
($)
Inclusion of Equity
Values for Barry A.
Ruffalo
($)
Compensation
Actually Paid to
Barry A. Ruffalo
($)
2022 4,245,485 (2,551,341) (684,967) 1,009,177
2021 3,469,725 (2,252,455) 3,063,761 4,281,031
2020 2,678,565 (1,308,392) 3,371,291 4,741,464
Year
Average Summary
Compensation Table
Total for Non-PEO
NEOs
($)
Average Exclusion of
Stock Awards for
Non-PEO NEOs
($)
Average Inclusion of
Equity Values for
Non-PEO NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2022 1,211,633 (493,598) (323,577) 394,458
2021 1,160,498 (610,237) 827,511 1,377,772
2020 1,064,315 (514,491) 840,780 1,390,604
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End Fair Value
of Equity Awards
Granted During
Year That
Remained Unvested
as of Last Day of
Year for Barry A.
Ruffalo
($)
Change in Fair
Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for
Barry A. Ruffalo
($)
Change in Fair
Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Barry A. Ruffalo
($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for Barry A.
Ruffalo
($)
Total — Inclusion of
Equity Values for
Barry A. Ruffalo
($)
2022 1,789,045 (1,703,899) (770,113) (684,967)
2021 2,050,621 605,432 407,708 3,063,761
2020 2,974,188 280,401 116,702 3,371,291
Year
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-PEO
NEOs
($)
Average Change in
Fair Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for Non-
PEO NEOs
($)
Average Change in
Fair Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-PEO NEOs
($)
Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-PEO NEOs
($)
Total — Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
2022 346,123 (477,019) (192,681) (323,577)
2021 555,385 161,814 110,312 827,511
2020 819,532 27,590 4,210 (10,552) 840,780
(4)
The Peer Group TSR set forth in this table utilizes the S&P 600 SmallCap Industrials index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2022. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 600 SmallCap Industrials index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(5)
Net income values in this table reflect immaterial revisions to previously issued consolidated financial statements that we filed in our Form 10-Q for the fiscal quarter ended March 31, 2022.
(6)
We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2022. Adjusted EBITDA, a non-GAAP measure, is defined above under the caption “Compensation Discussion and Analysis — Elements of Our Compensation Program — Annual Cash Incentive Compensation.” The values in this table reflect changes resulting from immaterial revisions to previously issued consolidated financial statements that we filed in our Form 10-Q for the fiscal quarter ended March 31, 2022. This performance measure may not have been the most important financial performance measure for years 2021 and 2020 and we may determine a different financial performance measure to be the most important financial performance measure in future years.
   
Company Selected Measure Name Adjusted EBITDA    
Named Executive Officers, Footnote [Text Block]
(1)
Barry A. Ruffalo was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2020
2021
2022
Rebecca A. Weyenberg
Rebecca A. Weyenberg
Rebecca A. Weyenberg
Timothy A. Averkamp Timothy A. Averkamp Timothy A. Averkamp
Jaco G. van der Merwe
Jaco G. van der Merwe
Jaco G. van der Merwe
Stephen C. Anderson Anshu Pasricha Anshu Pasricha
Jeffrey Schwarz
   
Peer Group Issuers, Footnote [Text Block]
(4)
The Peer Group TSR set forth in this table utilizes the S&P 600 SmallCap Industrials index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2022. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 600 SmallCap Industrials index, respectively. Historical stock performance is not necessarily indicative of future stock performance
   
PEO Total Compensation Amount $ 4,245,485 $ 3,469,725 $ 2,678,565
PEO Actually Paid Compensation Amount $ 1,009,177 4,281,031 4,741,464
Adjustment To PEO Compensation, Footnote [Text Block]
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
Year
Summary
Compensation Table
Total for Barry A.
Ruffalo
($)
Exclusion of Stock
Awards for Barry A.
Ruffalo
($)
Inclusion of Equity
Values for Barry A.
Ruffalo
($)
Compensation
Actually Paid to
Barry A. Ruffalo
($)
2022 4,245,485 (2,551,341) (684,967) 1,009,177
2021 3,469,725 (2,252,455) 3,063,761 4,281,031
2020 2,678,565 (1,308,392) 3,371,291 4,741,464
Year
Average Summary
Compensation Table
Total for Non-PEO
NEOs
($)
Average Exclusion of
Stock Awards for
Non-PEO NEOs
($)
Average Inclusion of
Equity Values for
Non-PEO NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2022 1,211,633 (493,598) (323,577) 394,458
2021 1,160,498 (610,237) 827,511 1,377,772
2020 1,064,315 (514,491) 840,780 1,390,604
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End Fair Value
of Equity Awards
Granted During
Year That
Remained Unvested
as of Last Day of
Year for Barry A.
Ruffalo
($)
Change in Fair
Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for
Barry A. Ruffalo
($)
Change in Fair
Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Barry A. Ruffalo
($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for Barry A.
Ruffalo
($)
Total — Inclusion of
Equity Values for
Barry A. Ruffalo
($)
2022 1,789,045 (1,703,899) (770,113) (684,967)
2021 2,050,621 605,432 407,708 3,063,761
2020 2,974,188 280,401 116,702 3,371,291
Year
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-PEO
NEOs
($)
Average Change in
Fair Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for Non-
PEO NEOs
($)
Average Change in
Fair Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-PEO NEOs
($)
Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-PEO NEOs
($)
Total — Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
2022 346,123 (477,019) (192,681) (323,577)
2021 555,385 161,814 110,312 827,511
2020 819,532 27,590 4,210 (10,552) 840,780
   
Non-PEO NEO Average Total Compensation Amount $ 1,211,633 1,160,498 1,064,315
Non-PEO NEO Average Compensation Actually Paid Amount $ 394,458 1,377,772 1,390,604
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
Year
Summary
Compensation Table
Total for Barry A.
Ruffalo
($)
Exclusion of Stock
Awards for Barry A.
Ruffalo
($)
Inclusion of Equity
Values for Barry A.
Ruffalo
($)
Compensation
Actually Paid to
Barry A. Ruffalo
($)
2022 4,245,485 (2,551,341) (684,967) 1,009,177
2021 3,469,725 (2,252,455) 3,063,761 4,281,031
2020 2,678,565 (1,308,392) 3,371,291 4,741,464
Year
Average Summary
Compensation Table
Total for Non-PEO
NEOs
($)
Average Exclusion of
Stock Awards for
Non-PEO NEOs
($)
Average Inclusion of
Equity Values for
Non-PEO NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2022 1,211,633 (493,598) (323,577) 394,458
2021 1,160,498 (610,237) 827,511 1,377,772
2020 1,064,315 (514,491) 840,780 1,390,604
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End Fair Value
of Equity Awards
Granted During
Year That
Remained Unvested
as of Last Day of
Year for Barry A.
Ruffalo
($)
Change in Fair
Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for
Barry A. Ruffalo
($)
Change in Fair
Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Barry A. Ruffalo
($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for Barry A.
Ruffalo
($)
Total — Inclusion of
Equity Values for
Barry A. Ruffalo
($)
2022 1,789,045 (1,703,899) (770,113) (684,967)
2021 2,050,621 605,432 407,708 3,063,761
2020 2,974,188 280,401 116,702 3,371,291
Year
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-PEO
NEOs
($)
Average Change in
Fair Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for Non-
PEO NEOs
($)
Average Change in
Fair Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-PEO NEOs
($)
Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-PEO NEOs
($)
Total — Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
2022 346,123 (477,019) (192,681) (323,577)
2021 555,385 161,814 110,312 827,511
2020 819,532 27,590 4,210 (10,552) 840,780
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
Relationship Between Compensation Actually Paid and Company Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years.
PEO and Average NEO Compensation Actually Paid
Versus Company TSR
[MISSING IMAGE: bc_companytsr-4c.jpg]
   
Compensation Actually Paid vs. Net Income [Text Block]
Relationship Between Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our net income during the three most recently completed fiscal years.
PEO and Average NEO Compensation Actually Paid
Versus Net Income
[MISSING IMAGE: bc_netincomemillions-4c.jpg]
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
Relationship Between Compensation Actually Paid and Adjusted EBITDA
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Adjusted EBITDA during the three most recently completed fiscal years.
PEO and Average NEO Compensation Actually Paid
Versus Adjusted EBITDA
[MISSING IMAGE: bc_ebitda-4c.jpg]
   
Total Shareholder Return Vs Peer Group [Text Block]
Relationship Between Company TSR and Peer Group TSR
The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the S&P 600 SmallCap Industrials index over the same period.
Comparison of Cumulative TSR of the Company
and S&P 600 SmallCap Industrials Index
[MISSING IMAGE: bc_indexed-4c.jpg]
   
Tabular List [Table Text Block]
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and other NEOs for 2022 to Company performance. The measures in this table are not ranked.
Adjusted EBITDA
Return on Invested Capital
Relative TSR
Working Capital Turnover
   
Total Shareholder Return Amount $ 99.59 167.78 139.28
Peer Group Total Shareholder Return Amount 127.72 140.98 111.97
Net Income (Loss) $ (600,000) $ 15,900,000 $ 46,000,000
Company Selected Measure Amount 70.8 65.1 81.7
PEO Name Barry A. Ruffalo    
Additional 402(v) Disclosure [Text Block]
Provided below is the Company’s “pay versus performance” disclosure as required pursuant to Item 402(v) of Regulation S-K promulgated under the Exchange Act. As required by Item 402(v), we have included:

A list of the most important measures that our Compensation Committee used in 2022 to link a measure of pay calculated in accordance with Item 402(v) (referred to as “compensation actually paid”, or CAP) to Company performance.

A table that compares the total compensation of our named executive officers’ (“NEO”) as presented in the Summary Compensation Table (“SCT”) to CAP and that compares CAP to specified performance measures; and

Graphs that describe:

the relationships between CAP and our cumulative total shareholder return (“TSR”), GAAP Net Income, and our Company selected measure, of Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).

the relationship between our TSR and the TSR of the S&P 600 Industrials Sector (“Peer Group TSR”).
Salary, Bonus, Non-Equity Incentive Plan Compensation, Nonqualified Deferred Compensation Earnings and All Other Compensation are each calculated in the same manner for purposes of both CAP and SCT. The table below shows the primary difference between the calculation of CAP and SCT total compensation:
SCT Total
CAP
Stock Awards
Grant date fair value of stock awards granted during the year
Year over year change in the fair value of stock awards that are unvested as of the end of the year, or vested or were forfeited during the year(1)
(1)
Includes any dividends paid on equity awards in the fiscal year prior to the vesting date that are not otherwise reflected in the fair value of such award.
This disclosure has been prepared in accordance with Item 402(v) and does not necessarily reflect value actually realized by the executives or how our Committee evaluates compensation decisions in light of Company or individual performance. In particular, our Committee has not used CAP as a basis for making compensation decisions, nor does it use GAAP Net Income or Peer Group TSR for purposes of determining incentive compensation. Please refer to our Compensation Discussion and Analysis on pages 30 to 49 for a discussion of our executive compensation program objectives and the ways in which we align executive compensation pay with performance.
   
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBITDA    
Non-GAAP Measure Description [Text Block]
(6)
We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2022. Adjusted EBITDA, a non-GAAP measure, is defined above under the caption “Compensation Discussion and Analysis — Elements of Our Compensation Program — Annual Cash Incentive Compensation.” The values in this table reflect changes resulting from immaterial revisions to previously issued consolidated financial statements that we filed in our Form 10-Q for the fiscal quarter ended March 31, 2022. This performance measure may not have been the most important financial performance measure for years 2021 and 2020 and we may determine a different financial performance measure to be the most important financial performance measure
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Return on Invested Capital    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Relative TSR    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Working Capital Turnover    
Total - Inclusion of Equity Values [ Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   $ 827,511  
PEO [Member] | Adj Type 1 [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (2,551,341) (2,252,455) $ (1,308,392)
PEO [Member] | Adj Type 2 [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (684,967) 3,063,761 3,371,291
PEO [Member] | Year-end Fair Value Of Awards Granted During year That Remained Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,789,045 2,050,621 2,974,188
PEO [Member] | Change in Fair value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,703,899) 605,432 280,401
PEO [Member] | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (770,113) 407,708 116,702
PEO [Member] | Total - Inclusion of Equity Values [ Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (684,967) 3,063,761 3,371,291
Non-PEO NEO [Member] | Adj Type 1 [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (493,598) (610,237) (514,491)
Non-PEO NEO [Member] | Adj Type 2 [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (323,577) 827,511 840,780
Non-PEO NEO [Member] | Year-end Fair Value Of Awards Granted During year That Remained Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 346,123 555,385 819,532
Non-PEO NEO [Member] | Change in Fair value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (477,019) 161,814 27,590
Non-PEO NEO [Member] | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (192,681) $ 110,312 4,210
Non-PEO NEO [Member] | Total - Inclusion of Equity Values [ Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (323,577)   840,780
Non-PEO NEO [Member] | Fair Value at Last Day of Prior year of Equity Awards Forfeited [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     $ (10,552)