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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
The following table sets forth information concerning the compensation of our named executive officers for each of the fiscal years ended December 31, 2019, 2020, 2021, 2022 and 2023, and our financial performance for each such fiscal year:
Pay Versus Performance
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
Value of Initial Fixed
$100 Investment Based
On:
Year
Summary
Compensation
Table Total
for Chief
Executive
Officer

($)(1)
Compensation
Actually Paid
to Chief
Executive
Officer

($)(2)
Average
Summary
Compensation
Table Total
for non-CEO
Named
Executive
Officers

($)(3)
Average
Compensation
Actually Paid to
non-CEO
Named
Executive
Officers

($)(4)
Total
Stockholder
Return

(TSR) ($)
Peer Group
(Russell

2000)
Total
Stockholder
Return

(TSR)
($)(5)
Net
Income
(millions)

($)
Company
Selected
Performance
Measure

(ROIC)
($)(6)
2023 7,537,395 17,117,986 1,789,288 3,166,332 336.88 160.85 262.1 24.3%
2022 7,076,495 4,065,476 1,836,521 1,411,117 234.63 137.56 251.5 22.8%
2021 7,070,685 25,106,690 1,903,300 5,777,567 309.02 172.90 165.7 18.4%
2020 5,328,463 8,977,335 1,582,672 2,355,261 192.37 150.58 114.3 14.2%
2019 5,855,790 12,079,242 1,600,109 2,856,738 156.19 125.52 131.5 13.1%
(1)
The amounts in this column reflect the total compensation disclosed in the Summary Compensation Table (SCT) of the Proxy Statement covering the applicable fiscal year for Robert J. Pagano, Jr., Chief Executive Officer, President and, since 2021, Chairperson of the Board.
(2)
The dollar amounts reported in this column represent the amount of “Compensation Actually Paid” to Mr. Pagano as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Pagano during the applicable year. In accordance with the requirements of Item 402(v)
of Regulation S-K, the following adjustments were made to Mr. Pagano’s total compensation for each year shown in the table to determine the compensation actually paid:
Adjustments to Determine Compensation Actually Paid for CEO (7) (8)
2023 2022 2021 2020 2019
Decrease for Amounts Reported under the “Stock
Awards” Column in the SCT for the Applicable Year ($)
(4,382,012) (3,972,831) (3,887,210) (3,122,231) (3,508,775)
Increase for Fair Value of Awards Granted during Applicable Year that Remained Unvested as of Year End, Determined as of the Applicable Year End ($)
7,922,337 5,839,841 8,784,833 5,710,407 5,316,908
Increase/Decrease for Change in Fair Value from prior
Year End to current Year End of Awards Granted Prior
to Applicable Year that Remained Unvested as of
Applicable Year End ($)
3,738,743 (1,763,267) 7,306,301 1,155,712 2,508,962
Increase/Decrease for Change in Fair Value from Prior
Year End to Vesting Date of Awards Granted Prior to
Applicable Year that Vested during Applicable Year ($)
2,138,966 (3,268,280) 5,621,946 (202,386) 1,789,979
Increase for Dividend Equivalents Accrued with respect to Unvested Awards during Applicable Year ($)
162,557 153,518 210,135 107,370 116,378
Total Adjustments ($) 9,580,591 (3,011,019) 18,036,005 3,648,872 6,223,452
(3)
The amounts in this column reflect the average total compensation disclosed in the SCT of the Proxy Statement covering the applicable fiscal year for the Company’s named executive officers (other than Mr. Pagano) as a group. The named executive officers included in the calculation of such average amounts in each applicable year are as follows: (i) for 2023 and 2022, Shashank Patel (Chief Financial Officer), Andre Dhawan (Chief Operating Officer), Elie A. Melhem (President, Asia-Pacific, the Middle East & Africa) and Kenneth R. Lepage (General Counsel, Chief Sustainability Officer & Secretary); and (ii) for each of 2021, 2020 and 2019, Messrs. Patel, Melhem and Lepage and Munish Nanda (President, Americas & Europe).
(4)
The dollar amounts reported in this column represent the average amount of “Compensation Actually Paid” to the Company’s named executive officers (other than Mr. Pagano) as a group as computed in accordance with Item 402(v) of Regulation S-K. The named executive officers for each applicable year are set forth in footnote 3 above. The dollar amounts do not reflect the actual amount of compensation earned by or paid to such officers during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the average total compensation for such officers for each year shown in the table to determine the compensation actually paid:
Adjustments to Determine Compensation Actually Paid for non-CEO Named Executive Officers for the Applicable Year (7)(8)
2023(9) 2022(10) 2021(11) 2020 2019
Decrease for Amounts Reported under the “Stock
Awards” Column in the SCT for the Applicable Year ($)
(614,652) (837,492) (755,732) (694,494) (709,714)
Increase for Fair Value of Awards Granted during Applicable Year that Remained Unvested as of Year End, Determined as of the Applicable Year End ($)
983,990 944,536 1,661,076 1,240,944 982,487
Increase for Fair Value of Awards Granted during Applicable Year that Vested during such Year ($)
104,639 123,089 98,513
Increase/Decrease for Change in Fair Value from prior
Year End to current Year End of Awards Granted Prior
to Applicable Year that Remained Unvested as of
Applicable Year End ($)
557,321 (237,348) 1,632,875 270,740 608,141
Increase/Decrease for Change in Fair Value from Prior
Year End to Vesting Date of Awards Granted Prior to
Applicable Year that Vested during Applicable Year ($)
322,054 (434,999) 1,196,663 (65,427) 355,085
Increase for Dividend Equivalents Accrued with respect
to Unvested Awards during the Applicable Year ($)
23,692 16,810 40,872 20,826 20,630
Total Adjustments ($) 1,377,044 (425,404) 3,874,267 772,589 1,256,629
(5)
For the relevant fiscal year, represents the cumulative TSR of the Russell 2000 Index (the “Peer Group TSR”).
(6)
See “Performance Stock Unit Awards” within the “Elements of Compensation” section of the Compensation Discussion and Analysis for a description of the calculation of ROIC.
(7)
For purposes of the adjustments to determine compensation actually paid, restricted stock units purchased under our Management Stock Purchase Plan are treated as awards granted on the purchase date, and the fair value of such restricted stock units is calculated without deducting the purchase price of such restricted stock units.
(8)
With respect to the value of performance stock units awarded under our 2004 Stock Incentive Plan that remained unvested
as of the last day of the applicable fiscal year, the amounts shown are based on the probable outcome of the performance condition as of the last day of such fiscal year, which amounts may differ materially from those disclosed as of the grant date of such awards.
(9)
For purposes of 2023 adjustments to determine compensation actually paid, Mr. Melhem’s 2023 deferred stock award is deemed to have vested on December 31, 2023, the date as of which such award became eligible for retirement vesting under the terms of the grant agreement.
(10)
For purposes of 2022 adjustments to determine compensation actually paid, Mr. Melhem’s 2022 deferred stock award is deemed to have vested on December 31, 2022, the date as of which such award became eligible for retirement vesting under the terms of the grant agreement.
(11)
For purposes of 2021 adjustments to determine compensation actually paid, all unvested shares under Mr. Melhem’s 2019, 2020 and 2021 deferred stock awards are deemed to have vested on July 25, 2021, the date as of which such awards became eligible for retirement vesting under the terms of the grant agreements.
       
Company Selected Measure Name ROIC        
Named Executive Officers, Footnote
(1)
The amounts in this column reflect the total compensation disclosed in the Summary Compensation Table (SCT) of the Proxy Statement covering the applicable fiscal year for Robert J. Pagano, Jr., Chief Executive Officer, President and, since 2021, Chairperson of the Board.
(3)
The amounts in this column reflect the average total compensation disclosed in the SCT of the Proxy Statement covering the applicable fiscal year for the Company’s named executive officers (other than Mr. Pagano) as a group. The named executive officers included in the calculation of such average amounts in each applicable year are as follows: (i) for 2023 and 2022, Shashank Patel (Chief Financial Officer), Andre Dhawan (Chief Operating Officer), Elie A. Melhem (President, Asia-Pacific, the Middle East & Africa) and Kenneth R. Lepage (General Counsel, Chief Sustainability Officer & Secretary); and (ii) for each of 2021, 2020 and 2019, Messrs. Patel, Melhem and Lepage and Munish Nanda (President, Americas & Europe).
       
Peer Group Issuers, Footnote
(5)
For the relevant fiscal year, represents the cumulative TSR of the Russell 2000 Index (the “Peer Group TSR”).
       
PEO Total Compensation Amount $ 7,537,395 $ 7,076,495 $ 7,070,685 $ 5,328,463 $ 5,855,790
PEO Actually Paid Compensation Amount $ 17,117,986 4,065,476 25,106,690 8,977,335 12,079,242
Adjustment To PEO Compensation, Footnote
(2)
The dollar amounts reported in this column represent the amount of “Compensation Actually Paid” to Mr. Pagano as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Pagano during the applicable year. In accordance with the requirements of Item 402(v)
of Regulation S-K, the following adjustments were made to Mr. Pagano’s total compensation for each year shown in the table to determine the compensation actually paid:
Adjustments to Determine Compensation Actually Paid for CEO (7) (8)
2023 2022 2021 2020 2019
Decrease for Amounts Reported under the “Stock
Awards” Column in the SCT for the Applicable Year ($)
(4,382,012) (3,972,831) (3,887,210) (3,122,231) (3,508,775)
Increase for Fair Value of Awards Granted during Applicable Year that Remained Unvested as of Year End, Determined as of the Applicable Year End ($)
7,922,337 5,839,841 8,784,833 5,710,407 5,316,908
Increase/Decrease for Change in Fair Value from prior
Year End to current Year End of Awards Granted Prior
to Applicable Year that Remained Unvested as of
Applicable Year End ($)
3,738,743 (1,763,267) 7,306,301 1,155,712 2,508,962
Increase/Decrease for Change in Fair Value from Prior
Year End to Vesting Date of Awards Granted Prior to
Applicable Year that Vested during Applicable Year ($)
2,138,966 (3,268,280) 5,621,946 (202,386) 1,789,979
Increase for Dividend Equivalents Accrued with respect to Unvested Awards during Applicable Year ($)
162,557 153,518 210,135 107,370 116,378
Total Adjustments ($) 9,580,591 (3,011,019) 18,036,005 3,648,872 6,223,452
(3)
The amounts in this column reflect the average total compensation disclosed in the SCT of the Proxy Statement covering the applicable fiscal year for the Company’s named executive officers (other than Mr. Pagano) as a group. The named executive officers included in the calculation of such average amounts in each applicable year are as follows: (i) for 2023 and 2022, Shashank Patel (Chief Financial Officer), Andre Dhawan (Chief Operating Officer), Elie A. Melhem (President, Asia-Pacific, the Middle East & Africa) and Kenneth R. Lepage (General Counsel, Chief Sustainability Officer & Secretary); and (ii) for each of 2021, 2020 and 2019, Messrs. Patel, Melhem and Lepage and Munish Nanda (President, Americas & Europe).
(4)
The dollar amounts reported in this column represent the average amount of “Compensation Actually Paid” to the Company’s named executive officers (other than Mr. Pagano) as a group as computed in accordance with Item 402(v) of Regulation S-K. The named executive officers for each applicable year are set forth in footnote 3 above. The dollar amounts do not reflect the actual amount of compensation earned by or paid to such officers during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the average total compensation for such officers for each year shown in the table to determine the compensation actually paid:
Adjustments to Determine Compensation Actually Paid for non-CEO Named Executive Officers for the Applicable Year (7)(8)
2023(9) 2022(10) 2021(11) 2020 2019
Decrease for Amounts Reported under the “Stock
Awards” Column in the SCT for the Applicable Year ($)
(614,652) (837,492) (755,732) (694,494) (709,714)
Increase for Fair Value of Awards Granted during Applicable Year that Remained Unvested as of Year End, Determined as of the Applicable Year End ($)
983,990 944,536 1,661,076 1,240,944 982,487
Increase for Fair Value of Awards Granted during Applicable Year that Vested during such Year ($)
104,639 123,089 98,513
Increase/Decrease for Change in Fair Value from prior
Year End to current Year End of Awards Granted Prior
to Applicable Year that Remained Unvested as of
Applicable Year End ($)
557,321 (237,348) 1,632,875 270,740 608,141
Increase/Decrease for Change in Fair Value from Prior
Year End to Vesting Date of Awards Granted Prior to
Applicable Year that Vested during Applicable Year ($)
322,054 (434,999) 1,196,663 (65,427) 355,085
Increase for Dividend Equivalents Accrued with respect
to Unvested Awards during the Applicable Year ($)
23,692 16,810 40,872 20,826 20,630
Total Adjustments ($) 1,377,044 (425,404) 3,874,267 772,589 1,256,629
       
Non-PEO NEO Average Total Compensation Amount $ 1,789,288 1,836,521 1,903,300 1,582,672 1,600,109
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,166,332 1,411,117 5,777,567 2,355,261 2,856,738
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported in this column represent the average amount of “Compensation Actually Paid” to the Company’s named executive officers (other than Mr. Pagano) as a group as computed in accordance with Item 402(v) of Regulation S-K. The named executive officers for each applicable year are set forth in footnote 3 above. The dollar amounts do not reflect the actual amount of compensation earned by or paid to such officers during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the average total compensation for such officers for each year shown in the table to determine the compensation actually paid:
Adjustments to Determine Compensation Actually Paid for non-CEO Named Executive Officers for the Applicable Year (7)(8)
2023(9) 2022(10) 2021(11) 2020 2019
Decrease for Amounts Reported under the “Stock
Awards” Column in the SCT for the Applicable Year ($)
(614,652) (837,492) (755,732) (694,494) (709,714)
Increase for Fair Value of Awards Granted during Applicable Year that Remained Unvested as of Year End, Determined as of the Applicable Year End ($)
983,990 944,536 1,661,076 1,240,944 982,487
Increase for Fair Value of Awards Granted during Applicable Year that Vested during such Year ($)
104,639 123,089 98,513
Increase/Decrease for Change in Fair Value from prior
Year End to current Year End of Awards Granted Prior
to Applicable Year that Remained Unvested as of
Applicable Year End ($)
557,321 (237,348) 1,632,875 270,740 608,141
Increase/Decrease for Change in Fair Value from Prior
Year End to Vesting Date of Awards Granted Prior to
Applicable Year that Vested during Applicable Year ($)
322,054 (434,999) 1,196,663 (65,427) 355,085
Increase for Dividend Equivalents Accrued with respect
to Unvested Awards during the Applicable Year ($)
23,692 16,810 40,872 20,826 20,630
Total Adjustments ($) 1,377,044 (425,404) 3,874,267 772,589 1,256,629
       
Compensation Actually Paid vs. Total Shareholder Return
[MISSING IMAGE: bc_tsr-4c.jpg]
       
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-4c.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_roic-4c.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsr-4c.jpg]        
Tabular List, Table
Tabular List of Company-Selected Financial Measures:
In the Company’s assessment, the following financial measures represent the most important financial performance measures used by the Company for 2023 to link compensation actually paid to our Chief Executive Officer and our other Named Executive Officers to the Company’s performance:
ROIC
Revenue CAGR
Consolidated Net Sales
Consolidated Adjusted Net Income
Consolidated Free Cash Flow
       
Total Shareholder Return Amount $ 336.88 234.63 309.02 192.37 156.19
Peer Group Total Shareholder Return Amount 160.85 137.56 172.9 150.58 125.52
Net Income (Loss) $ 262,100,000 $ 251,500,000 $ 165,700,000 $ 114,300,000 $ 131,500,000
Company Selected Measure Amount 24.3 22.8 18.4 14.2 13.1
PEO Name Robert J. Pagano, Jr.        
Measure:: 1          
Pay vs Performance Disclosure          
Name ROIC        
Non-GAAP Measure Description
(6)
See “Performance Stock Unit Awards” within the “Elements of Compensation” section of the Compensation Discussion and Analysis for a description of the calculation of ROIC
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue CAGR        
Measure:: 3          
Pay vs Performance Disclosure          
Name Consolidated Net Sales        
Measure:: 4          
Pay vs Performance Disclosure          
Name Consolidated Adjusted Net Income        
Measure:: 5          
Pay vs Performance Disclosure          
Name Consolidated Free Cash Flow        
PEO | Robert J. Pagano, Jr. [Member] | Total Equity Awards Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 9,580,591 $ (3,011,019) $ 18,036,005 $ 3,648,872 $ 6,223,452
PEO | Robert J. Pagano, Jr. [Member] | Stock Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,382,012) (3,972,831) (3,887,210) (3,122,231) (3,508,775)
PEO | Robert J. Pagano, Jr. [Member] | Fair Value Of Awards Granted During Applicable Year That Remained Unvested As Of Year End Determined As Of The Applicable Year End [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,922,337 5,839,841 8,784,833 5,710,407 5,316,908
PEO | Robert J. Pagano, Jr. [Member] | Change In Fair Value From Prior Year End To Current Year End Of Awards Granted Prior To Applicable Year That Remained Unvested As Of Applicable Year End [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,738,743 (1,763,267) 7,306,301 1,155,712 2,508,962
PEO | Robert J. Pagano, Jr. [Member] | Change In Fair Value From Prior Year End To Vesting Date Of Awards Granted Prior To Applicable Year That Vested During Applicable Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,138,966 (3,268,280) 5,621,946 (202,386) 1,789,979
PEO | Robert J. Pagano, Jr. [Member] | Dividend Equivalents Accrued With Respect To Unvested Awards During Applicable Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 162,557 153,518 210,135 107,370 116,378
Non-PEO NEO | Total Equity Awards Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,377,044 (425,404) 3,874,267 772,589 1,256,629
Non-PEO NEO | Stock Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (614,652) (837,492) (755,732) (694,494) (709,714)
Non-PEO NEO | Fair Value Of Awards Granted During Applicable Year That Remained Unvested As Of Year End Determined As Of The Applicable Year End [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 983,990 944,536 1,661,076 1,240,944 982,487
Non-PEO NEO | Change In Fair Value From Prior Year End To Current Year End Of Awards Granted Prior To Applicable Year That Remained Unvested As Of Applicable Year End [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 557,321 (237,348) 1,632,875 270,740 608,141
Non-PEO NEO | Change In Fair Value From Prior Year End To Vesting Date Of Awards Granted Prior To Applicable Year That Vested During Applicable Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 322,054 (434,999) 1,196,663 (65,427) 355,085
Non-PEO NEO | Dividend Equivalents Accrued With Respect To Unvested Awards During Applicable Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 23,692 16,810 40,872 20,826 20,630
Non-PEO NEO | Fair Value Of Awards Granted During Applicable Year That Vested During Such Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 104,639 $ 123,089 $ 98,513