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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 ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay versus Performance
Under Item 402(v) of Regulation S-K, we must disclose pay-versus performance information for the most recently completed five fiscal years. The following table sets forth the required pay versus performance disclosures in the form of the “total compensation” as reported in the Company’s Summary Compensation Table for the principal executive officer (“PEO”) and as an average for the other named executive officers.
Year(1)
Summary
Compensation
Table
Total for
PEO ($)
Compensation
Actually Paid to
PEO ($)
(2)
Average
Summary
Compensation
Total from
Non-
PEO NEOs ($)
Compensation
Actually Paid to
Non-PEO
NEOs ($)
Value of Initial Fixed
$100 Investment Based on:
Net
Income ($)
Company-
Selected
Measure
(5)
Total
Stockholder
Return
($)
(3)
Peer Total
Stockholder
Return
($)
(4)
2024
$ 3,545,853 $ 2,652,724 $ 874,698 $ 972,542 $ 968 $ 160 $ 72 $ 442
2023
$ 1,929,231 $ 2,018,108 $ 712,272 $ 763,342 $ 791 $ 129 $ 84 $ 320
2022
$ 2,053,876 $ 267,187 $ 978,537 $ 354,454 $ 472 $ 104 $ 52 $ 294
2021
$ 2,097,289 $ 4,604,349 $ 1,079,074 $ 2,812,351 $ 725 $ 109 $ 175 $ 298
2020
$ 2,139,517 $ 4,991,181 $ 1,151,585 $ 2,430,721 $ 336 $ 106 $ 54 $ 247
(1)
Mr. Poneman (our former CEO) is included as the PEO, CEO, for 2023, 2022, 2021, and 2020, and excludes his severance payment for 2023. Mr. Vexler is included as the PEO CEO for 2024. Messrs. Cutlip, Donelson, Harrill, and Ghasemian are included in the non-PEO NEO averages for 2024. Messrs. Philip O. Strawbridge (our former Senior Vice President, Chief Financial Officer, Chief Administrative Officer and Treasurer), Cutlip, Donelson, Harrill, Dennis J. Scott (our former Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary), and Ghasemian are included in the non-PEO NEO averages for 2023. Messrs. Strawbridge, Cutlip, Donelson, and Scott are included in the non-PEO NEO averages for 2022. Messrs. Strawbridge and Donelson are included in the non-PEO NEO averages for 2021 and 2020.
(2)
To calculate “compensation actually paid” for our CEO and other NEOs, the adjustments reflected in the table below were made to Summary Compensation Table total pay.
(3)
Total stockholder return as calculated based on a fixed investment of one hundred dollars measured from the market close on December 31, 2019 (the last trading day of 2019) through and including the end of the fiscal year for each year reported in the table.
(4)
Our peer group used for the total stockholder return calculation is the S&P Aerospace & Defense Select industry index.
(5)
Our Company-selected measure, which is the measure we believe represents the most important financial performance measure not otherwise presented in the table above that we use to link compensation actually paid to our named executive officers for 2024 to our Company’s performance is revenue.
Year
Deduction for
amounts reported
in the “Stock
Awards” and
“Option Awards”
columns in the
SCT for
applicable FY
Increase in fair
value of awards
granted during
applicable FY,
determined as of
applicable FY end
Change in fair
value of awards
granted during
prior FY that were
outstanding and
unvested as of
applicable FY end,
determined based
on change in fair
value from prior
FY end to
applicable FY end
Change in fair
value of awards
granted during
prior FY that
vested during
prior FY,
determined based
on change in fair
value from prior
FY end to vesting
date
Reduction for
values reported in
the “Change in
Pension Value and
Nonqualified
Deferred
Compensation
Earnings” column
of the SCT for
applicable FY
Increase for
Service Cost
and, if
applicable,
Prior Service
Cost for
pension plans
Total
adjustments
PEO
2024
$ (1,358,200) $ 465,071 $ 0 $ 0 $ 0 $ (893,129)
2023
$ (249,923) $ 318,462 $ 178,310 $ (43,965) (114,007) $ 88,877
2022
$ (249,987) $ 240,937 $ (1,136,420) $ (641,219) $ (1,786,689)
2021
$ (250,017) $ 338,449 $ 2,547,584 $ (128,956) $ 2,507,060
2020
$ (285,941) $ 1,209,201 $ 1,928,404 $ 2,851,664
Avg. Other NEOs
2024
$ (105,906) $ 182,428 $ 49,968 $ (28,647) $ 0 $ 0 $ 97,843
2023
$ (67,523) $ 86,040 $ 56,164 $ (9,143) $ (11,259) $ (3,209) $ 51,070
2022
$ (80,484) $ 77,570 $ (356,017) $ (265,152) $ (624,083)
2021
$ (59,318) $ 80,299 $ 1,267,891 $ 444,406 $ 1,733,277
2020
$ (67,837) $ 286,873 $ 1,222,003 $ (161,902) $ 1,279,136
       
Company Selected Measure Name revenue        
Named Executive Officers, Footnote
(1)
Mr. Poneman (our former CEO) is included as the PEO, CEO, for 2023, 2022, 2021, and 2020, and excludes his severance payment for 2023. Mr. Vexler is included as the PEO CEO for 2024. Messrs. Cutlip, Donelson, Harrill, and Ghasemian are included in the non-PEO NEO averages for 2024. Messrs. Philip O. Strawbridge (our former Senior Vice President, Chief Financial Officer, Chief Administrative Officer and Treasurer), Cutlip, Donelson, Harrill, Dennis J. Scott (our former Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary), and Ghasemian are included in the non-PEO NEO averages for 2023. Messrs. Strawbridge, Cutlip, Donelson, and Scott are included in the non-PEO NEO averages for 2022. Messrs. Strawbridge and Donelson are included in the non-PEO NEO averages for 2021 and 2020.
       
Peer Group Issuers, Footnote
(4)
Our peer group used for the total stockholder return calculation is the S&P Aerospace & Defense Select industry index.
       
PEO Total Compensation Amount $ 3,545,853 $ 1,929,231 $ 2,053,876 $ 2,097,289 $ 2,139,517
PEO Actually Paid Compensation Amount $ 2,652,724 2,018,108 267,187 4,604,349 4,991,181
Adjustment To PEO Compensation, Footnote
(2)
To calculate “compensation actually paid” for our CEO and other NEOs, the adjustments reflected in the table below were made to Summary Compensation Table total pay.
Year
Deduction for
amounts reported
in the “Stock
Awards” and
“Option Awards”
columns in the
SCT for
applicable FY
Increase in fair
value of awards
granted during
applicable FY,
determined as of
applicable FY end
Change in fair
value of awards
granted during
prior FY that were
outstanding and
unvested as of
applicable FY end,
determined based
on change in fair
value from prior
FY end to
applicable FY end
Change in fair
value of awards
granted during
prior FY that
vested during
prior FY,
determined based
on change in fair
value from prior
FY end to vesting
date
Reduction for
values reported in
the “Change in
Pension Value and
Nonqualified
Deferred
Compensation
Earnings” column
of the SCT for
applicable FY
Increase for
Service Cost
and, if
applicable,
Prior Service
Cost for
pension plans
Total
adjustments
PEO
2024
$ (1,358,200) $ 465,071 $ 0 $ 0 $ 0 $ (893,129)
2023
$ (249,923) $ 318,462 $ 178,310 $ (43,965) (114,007) $ 88,877
2022
$ (249,987) $ 240,937 $ (1,136,420) $ (641,219) $ (1,786,689)
2021
$ (250,017) $ 338,449 $ 2,547,584 $ (128,956) $ 2,507,060
2020
$ (285,941) $ 1,209,201 $ 1,928,404 $ 2,851,664
Avg. Other NEOs
2024
$ (105,906) $ 182,428 $ 49,968 $ (28,647) $ 0 $ 0 $ 97,843
2023
$ (67,523) $ 86,040 $ 56,164 $ (9,143) $ (11,259) $ (3,209) $ 51,070
2022
$ (80,484) $ 77,570 $ (356,017) $ (265,152) $ (624,083)
2021
$ (59,318) $ 80,299 $ 1,267,891 $ 444,406 $ 1,733,277
2020
$ (67,837) $ 286,873 $ 1,222,003 $ (161,902) $ 1,279,136
       
Non-PEO NEO Average Total Compensation Amount $ 874,698 712,272 978,537 1,079,074 1,151,585
Non-PEO NEO Average Compensation Actually Paid Amount $ 972,542 763,342 354,454 2,812,351 2,430,721
Adjustment to Non-PEO NEO Compensation Footnote
(2)
To calculate “compensation actually paid” for our CEO and other NEOs, the adjustments reflected in the table below were made to Summary Compensation Table total pay.
Year
Deduction for
amounts reported
in the “Stock
Awards” and
“Option Awards”
columns in the
SCT for
applicable FY
Increase in fair
value of awards
granted during
applicable FY,
determined as of
applicable FY end
Change in fair
value of awards
granted during
prior FY that were
outstanding and
unvested as of
applicable FY end,
determined based
on change in fair
value from prior
FY end to
applicable FY end
Change in fair
value of awards
granted during
prior FY that
vested during
prior FY,
determined based
on change in fair
value from prior
FY end to vesting
date
Reduction for
values reported in
the “Change in
Pension Value and
Nonqualified
Deferred
Compensation
Earnings” column
of the SCT for
applicable FY
Increase for
Service Cost
and, if
applicable,
Prior Service
Cost for
pension plans
Total
adjustments
PEO
2024
$ (1,358,200) $ 465,071 $ 0 $ 0 $ 0 $ (893,129)
2023
$ (249,923) $ 318,462 $ 178,310 $ (43,965) (114,007) $ 88,877
2022
$ (249,987) $ 240,937 $ (1,136,420) $ (641,219) $ (1,786,689)
2021
$ (250,017) $ 338,449 $ 2,547,584 $ (128,956) $ 2,507,060
2020
$ (285,941) $ 1,209,201 $ 1,928,404 $ 2,851,664
Avg. Other NEOs
2024
$ (105,906) $ 182,428 $ 49,968 $ (28,647) $ 0 $ 0 $ 97,843
2023
$ (67,523) $ 86,040 $ 56,164 $ (9,143) $ (11,259) $ (3,209) $ 51,070
2022
$ (80,484) $ 77,570 $ (356,017) $ (265,152) $ (624,083)
2021
$ (59,318) $ 80,299 $ 1,267,891 $ 444,406 $ 1,733,277
2020
$ (67,837) $ 286,873 $ 1,222,003 $ (161,902) $ 1,279,136
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_paidtsr-4c.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-4c.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_revenue-4c.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_paidtsr-4c.jpg]        
Tabular List, Table
Tabular List of Company Performance Measures
The following lists measures that we believe are most important in linking compensation actually paid to Company performance during 2024.

Revenue

Gross margin

Cash balance
       
Total Shareholder Return Amount $ 968 791 472 725 336
Peer Group Total Shareholder Return Amount 160 129 104 109 106
Net Income (Loss) $ 72 $ 84 $ 52 $ 175 $ 54
Company Selected Measure Amount 442 320 294 298 247
PEO Name Mr. Poneman        
Measure:: 1          
Pay vs Performance Disclosure          
Name Revenue        
Non-GAAP Measure Description
(5)
Our Company-selected measure, which is the measure we believe represents the most important financial performance measure not otherwise presented in the table above that we use to link compensation actually paid to our named executive officers for 2024 to our Company’s performance is revenue.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Gross margin        
Measure:: 3          
Pay vs Performance Disclosure          
Name Cash balance        
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (893,129) $ 88,877 $ (1,786,689) $ 2,507,060 $ 2,851,664
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 (114,007)
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,358,200) (249,923) (249,987) (250,017) (285,941)
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 465,071 318,462 240,937 338,449 1,209,201
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 0 178,310 (1,136,420) 2,547,584 1,928,404
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 0 (43,965) (641,219) (128,956)
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 97,843 51,070 (624,083) 1,733,277 1,279,136
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 0 (11,259)
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 (3,209) (161,902)
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 (105,906) (67,523) (80,484) (59,318) (67,837)
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 182,428 86,040 77,570 80,299 286,873
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 49,968 56,164 (356,017) 1,267,891 1,222,003
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 $ (28,647) $ (9,143) $ (265,152) $ 444,406