XML 58 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total
for PEO 11
($)
Summary
Compensation
Table Total
for PEO 21
($)
Compensation
Actually
Paid to
PEO 11,2,3
($)
Compensation
Actually
Paid to
PEO 21,2,3
($)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs1
($)
Average
Compensation
Actually
Paid to
Non-PEO
NEOs1,2,3
($)
Value of
Initial
Fixed $100
Investment
based on:4
Net
Income
($ Millions)
Adjusted
EBITDA5
($ Millions)
TSR
($)
Peer
Group
TSR
($)
2025
3,722,935
34,479,371
12,058,072
10,843,278
188.92
162.71
30
1318.6
2024
28,811,152
101,497,009
45,071,892
108,396,274
2,455,433
5,025,954
153.45
143.21
(159)
1,001.2
2023
15,435,656
12,935,741
5,304,906
6,787,965
107.96
138.81
(259)
1,238.7
2022
10,727,919
(616,749)
2,670,549
(77,480)
107.90
118.03
235
864.8
2021
10,459,536
24,530,582
2,820,131
6,185,153
153.73
152.64
298
800.7
1.
Vincent D. Mattera, Jr. was our PEO for the years shown through June 3, 2024 (PEO 1). James R. Anderson was our PEO from June 3, 2024 through June 30, 2024 and to the present date (PEO 2). The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2021
2022
2023
2024
2025
Mary Jane Raymond Mary Jane Raymond Mary Jane Raymond Richard Martucci Sherri Luther
Walter R. Bashaw II Walter R. Bashaw II Walter R. Bashaw II Mary Jane Raymond Rob Beard
Giovanni Barbarossa Giovanni Barbarossa Giovanni Barbarossa Walter R. Bashaw II Julie Eng
Jo Anne Schwendinger Jo Anne Schwendinger Mark Sobey Giovanni Barbarossa Giovanni Barbarossa
Christopher Koeppen Ronald Basso Richard Martucci
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 PEOs 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 PEO 1
($)
Exclusion of Stock Awards
for PEO 1
($)
Inclusion of Equity Values
for PEO 1
($)
Compensation Actually Paid
to PEO 1
($)
2025
Year
Summary Compensation
Table Total for PEO 2
($)
Exclusion of Stock Awards
for PEO 2
($)
Inclusion of Equity Values
for PEO 2
($)
Compensation Actually Paid
to PEO 2
($)
2025
3,722,935
30,756,436
34,479,371
2025
12,058,072
(10,682,231)
9,467,437
10,843,278
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 PEO 1
($)
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for PEO 1
($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year
for PEO 1
($)
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for PEO 1
($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for PEO 1
($)
Total – 
Inclusion of
Equity Values
for PEO 1
($)
2025
Year
Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for PEO 2
($)
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for PEO 2
($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year
for PEO 2
($)
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for PEO 2
($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for PEO 2
($)
Total –
Inclusion of
Equity Values
for PEO 2
($)
2025
0
30,361,905
0
394,531
0
30,756,436
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 Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that Vested
During Year 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
($)
Total –
Average
Inclusion
of Equity
Values for
Non-PEO
NEOs
($)
2025
8,961,326
295,257
130,610
92,701
(12,458)
9,467,437
4.
The Peer Group TSR set forth in this table utilizes a custom group of peer companies, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The comparison assumes $100 was invested for the period starting June 30, 2020, through the end of the listed year in the Company and in the custom group of peer companies used in our performance graph, respectively. The Company’s fiscal year peer group consists of IPG Photonics Corp., Wolfspeed Inc., Lumentum Holdings, Inc., Corning, Inc., MKS Instruments, Inc., and Honeywell International, Inc. Historical stock performance is not necessarily indicative of future stock performance.
5.
We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs in 2025. See discussion under “Annual Cash Incentive Programs” and “Primary Bonus Program (GRIP)” in our CD&A for an explanation of Adjusted EBITDA, and the Appendix for a reconciliation of this non-GAAP measure to its most directly comparable financial measure calculated and presented in accordance with GAAP. Adjusted EBITDA may not have been the most important financial performance measure for prior years, and we may determine a different financial performance measure to be the most important financial performance measure in future years.
       
Company Selected Measure Name AdjustedEBITDA        
Named Executive Officers, Footnote
1.
Vincent D. Mattera, Jr. was our PEO for the years shown through June 3, 2024 (PEO 1). James R. Anderson was our PEO from June 3, 2024 through June 30, 2024 and to the present date (PEO 2). The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2021
2022
2023
2024
2025
Mary Jane Raymond Mary Jane Raymond Mary Jane Raymond Richard Martucci Sherri Luther
Walter R. Bashaw II Walter R. Bashaw II Walter R. Bashaw II Mary Jane Raymond Rob Beard
Giovanni Barbarossa Giovanni Barbarossa Giovanni Barbarossa Walter R. Bashaw II Julie Eng
Jo Anne Schwendinger Jo Anne Schwendinger Mark Sobey Giovanni Barbarossa Giovanni Barbarossa
Christopher Koeppen Ronald Basso Richard Martucci
       
Peer Group Issuers, Footnote
4.
The Peer Group TSR set forth in this table utilizes a custom group of peer companies, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The comparison assumes $100 was invested for the period starting June 30, 2020, through the end of the listed year in the Company and in the custom group of peer companies used in our performance graph, respectively. The Company’s fiscal year peer group consists of IPG Photonics Corp., Wolfspeed Inc., Lumentum Holdings, Inc., Corning, Inc., MKS Instruments, Inc., and Honeywell International, Inc. Historical stock performance is not necessarily indicative of future stock performance.
       
Adjustment To PEO Compensation, Footnote
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs 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 PEO 1
($)
Exclusion of Stock Awards
for PEO 1
($)
Inclusion of Equity Values
for PEO 1
($)
Compensation Actually Paid
to PEO 1
($)
2025
Year
Summary Compensation
Table Total for PEO 2
($)
Exclusion of Stock Awards
for PEO 2
($)
Inclusion of Equity Values
for PEO 2
($)
Compensation Actually Paid
to PEO 2
($)
2025
3,722,935
30,756,436
34,479,371
2025
12,058,072
(10,682,231)
9,467,437
10,843,278
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 PEO 1
($)
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for PEO 1
($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year
for PEO 1
($)
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for PEO 1
($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for PEO 1
($)
Total – 
Inclusion of
Equity Values
for PEO 1
($)
2025
Year
Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for PEO 2
($)
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for PEO 2
($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year
for PEO 2
($)
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for PEO 2
($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for PEO 2
($)
Total –
Inclusion of
Equity Values
for PEO 2
($)
2025
0
30,361,905
0
394,531
0
30,756,436
       
Non-PEO NEO Average Total Compensation Amount $ 12,058,072 $ 2,455,433 $ 5,304,906 $ 2,670,549 $ 2,820,131
Non-PEO NEO Average Compensation Actually Paid Amount $ 10,843,278 5,025,954 6,787,965 (77,480) 6,185,153
Adjustment to Non-PEO NEO Compensation Footnote
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs 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 PEO 2
($)
Exclusion of Stock Awards
for PEO 2
($)
Inclusion of Equity Values
for PEO 2
($)
Compensation Actually Paid
to PEO 2
($)
2025
3,722,935
30,756,436
34,479,371
2025
12,058,072
(10,682,231)
9,467,437
10,843,278
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
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 Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that Vested
During Year 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
($)
Total –
Average
Inclusion
of Equity
Values for
Non-PEO
NEOs
($)
2025
8,961,326
295,257
130,610
92,701
(12,458)
9,467,437
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_tsr-pn.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_ebitda-pn.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsr-pn.jpg]        
Tabular List, Table
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 PEOs and other NEOs for 2025 to Company performance. The measures in this table are not ranked and are described in our CD&A.
Adjusted EBITDA
Operating Cash Flow
Relative TSR
Revenue
       
Total Shareholder Return Amount $ 188.92 153.45 107.96 107.9 153.73
Peer Group Total Shareholder Return Amount 162.71 143.21 138.81 118.03 152.64
Net Income (Loss) $ 30,000,000 $ (159,000,000) $ (259,000,000) $ 235,000,000 $ 298,000,000
Company Selected Measure Amount 1,318,600,000 1,001,200,000 1,238,700,000 864,800,000 800,700,000
PEO Name James R. Anderson        
Equity Awards Adjustments, Footnote
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 PEO 1
($)
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for PEO 1
($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year
for PEO 1
($)
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for PEO 1
($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for PEO 1
($)
Total – 
Inclusion of
Equity Values
for PEO 1
($)
2025
Year
Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for PEO 2
($)
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for PEO 2
($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year
for PEO 2
($)
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for PEO 2
($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for PEO 2
($)
Total –
Inclusion of
Equity Values
for PEO 2
($)
2025
0
30,361,905
0
394,531
0
30,756,436
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 Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that Vested
During Year 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
($)
Total –
Average
Inclusion
of Equity
Values for
Non-PEO
NEOs
($)
2025
8,961,326
295,257
130,610
92,701
(12,458)
9,467,437
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description
5.
We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs in 2025. See discussion under “Annual Cash Incentive Programs” and “Primary Bonus Program (GRIP)” in our CD&A for an explanation of Adjusted EBITDA, and the Appendix for a reconciliation of this non-GAAP measure to its most directly comparable financial measure calculated and presented in accordance with GAAP. Adjusted EBITDA may not have been the most important financial performance measure for prior years, and we may determine a different financial performance measure to be the most important financial performance measure in future years.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Operating Cash Flow        
Measure:: 3          
Pay vs Performance Disclosure          
Name Relative TSR        
Measure:: 4          
Pay vs Performance Disclosure          
Name Revenue        
Vincent D Mattera Jr [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 28,811,152 $ 15,435,656 $ 10,727,919 $ 10,459,536
PEO Actually Paid Compensation Amount 45,071,892 12,935,741 (616,749) 24,530,582
James R. Anderson [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount 3,722,935 101,497,009
PEO Actually Paid Compensation Amount 34,479,371 $ 108,396,274
PEO | Vincent D Mattera Jr [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Vincent D Mattera Jr [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Vincent D Mattera Jr [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Vincent D Mattera Jr [Member] | 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 | Vincent D Mattera Jr [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Vincent D Mattera Jr [Member] | 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        
PEO | Vincent D Mattera Jr [Member] | Equity Awards Adjustments Change In Fair Value Of Awards Granted In Prior Years Forfeited During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | James R. Anderson [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | James R. Anderson [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 30,756,436        
PEO | James R. Anderson [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | James R. Anderson [Member] | 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 30,361,905        
PEO | James R. Anderson [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | James R. Anderson [Member] | 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 394,531        
PEO | James R. Anderson [Member] | Equity Awards Adjustments Change In Fair Value Of Awards Granted In Prior Years Forfeited During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
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 (10,682,231)        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,467,437        
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 8,961,326        
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 295,257        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 130,610        
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 92,701        
Non-PEO NEO | Equity Awards Adjustments Change In Fair Value Of Awards Granted In Prior Years Forfeited During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (12,458)