XML 122 R2.htm IDEA: XBRL DOCUMENT v3.25.1
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
Value of Initial Fixed $100 Investment
Based On:
Year
Summary
Compensation
Table Total for
PEO(1)
($)
Compensation
Actually Paid
to PEO(1)(3)(4)
($)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs(2)
($)
Average
Compensation
Actually Paid
to Non-PEO
NEOs(2)(3)(4)
($)
Total
Shareholder
Return
($)
Peer Group
Total
Shareholder
Return
(2024 Peer
Group)(5)
($)
Net
Income
($ in
thousands)
Company
Selected
Measure:
Company
EBITDA(6)
($ in
thousands)
2024 7,509,149 8,900,285 1,962,791 2,200,384 447.36 225.97 376,354 632,838
2023(5) 7,676,740 22,125,998 2,351,205 5,726,467 466.08 200.45 483,656 756,697
2022 6,277,015 7,115,922 2,133,251 2,349,538 225.54 132.74 857,117 1,257,564
2021 5,398,488 10,758,126 1,393,955 2,774,885 222.15 158.74 710,330 1,052,470
2020 5,033,970 7,581,576 1,741,787 2,496,593 137.01 127.17 247,623 435,555
(1)
Mr. Jorgensen was the CEO (PEO) for all five fiscal years.
(2)
The Non-PEO NEOs for whom the average compensation is presented in this table are for fiscal 2024, Messrs. Hibbs, Little, and Strom, and Ms. Twedt; for fiscal 2023 and 2022,, Messrs. Hibbs, Brown, and Strom, and Ms. Twedt; for fiscal 2021, Messrs. Hibbs, Rancourt, Brown, and Strom and Ms. Twedt, and for fiscal 2020, Messrs. Corrick, Rancourt, Brown, and Stokes, and Ms. Twedt.
(3)
The amounts shown in the “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” columns 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 PEO and the Non-PEO NEOs. These amounts reflect the “Total” column of the “Summary Compensation Table” for the applicable fiscal year with certain adjustments as described in footnote 4.
(4)
“Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” columns reflects the deductions and adjustments 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 “Deduction to Stock Awards” column below are the amounts from the “Stock Awards” column set forth in the “Summary Compensation Table”. Amounts in the “Deduction to Change in Pension Value” column below reflect the change in pension value included in the “Change in Pension Value/Nonqualified Deferred Compensation Earnings” column reported in the “Summary Compensation Table”. Amounts in the “Adjustment to Pension Service Cost” column below are based on the service cost for services rendered during the listed year.
(5)
The peer group used for this total shareholder return (TSR) calculation is comprised of the S&P 600 Building Products Index. This is the same peer group as reported in the Company’s Form 10-K for 2024. The peer group TSR is weighted according to the index’s stock market capitalization on December 31, 2019. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the index, respectively, and assumes dividends were reinvested in the Company’s stock. Historical stock performance is not necessarily indicative of future stock performance. Beginning in 2023, the Company transitioned to the S&P 600 Building Products Index as the peer group for the TSR calculation. This change in peer group was to better reflect the industry in which we compete, as the S&P 600 Building Products Index represents small capitalization building products industry performance.
(6)
EBITDA is calculated as set forth on page 39 of the proxy statement.
Compensation Actually Paid
Compensation Actually Paid reflects the exclusions and inclusions for the PEO and the Non-PEO NEOs set forth below.
Year
Summary Compensation
Table Total for PEO
($)
Deduction to
Change in
Pension Value
($)
Deduction to
Stock Awards
($)
Adjustment to
Pension Service
Cost
($)
Adjustment to
Equity Values
($)
Compensation
Actually Paid to
PEO
($)
2024 7,509,149 (5,000,124) 6,391,260 8,900,285
2023 7,676,740 (3,700,003) 18,149,261 22,125,998
2022 6,277,015 (2,799,958) 3,638,865 7,115,922
2021 5,398,488 (2,214,964) 7,574,602 10,758,126
2020 5,033,970 (2,214,994) 4,762,599 7,581,576
Year
Summary Compensation
Table Total for Non-PEO
NEOs
($)
Deduction to
Change in
Pension Value
($)
Deduction to
Stock Awards
($)
Adjustment to
Pension Service Cost
($)
Adjustment to
Equity Values
($)
Compensation
Actually Paid to
Non-PEO NEOs
($)
2024 1,962,791 (922,573) 1,160,166 2,200,384
2023 2,351,205 (817,435) 4,192,696 5,726,467
2022 2,133,251 (787,523) 1,003,810 2,349,538
2021 1,393,955 (411,332) 1,792,262 2,774,885
2020 1,741,787 (32,870) (360,010) 1,147,686 2,496,593
Adjustment to Equity Values
The amounts in the Adjustment to Equity Values in the Compensation Actually Paid calculations 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
Change in Fair Value from Last
Day of Prior Year to Last Day
of Year of Unvested Equity
Awards for PEO
Change in Fair Value from Last
Day of Prior Year to Vesting Date
of Unvested Equity Awards that
Vested During Year for PEO
Total —
Adjustment to
Equity Values for
PEO
2024 6,323,982 (485,120) 552,398 6,391,260
2023 11,039,971 7,041,428 67,862 18,149,261
2022 3,206,661 188,259 243,945 3,638,865
2021 4,847,159 2,643,843 83,600 7,574,602
2020 4,530,254 241,307 (8,962) 4,762,599
Year
Year-End Fair Value of Equity
Awards Granted During Year That
Remained Unvested as of Last
Day of Year for Non-PEO NEOs
Change in Fair Value from Last
Day of Prior Year to Last Day
of Year of Unvested Equity
Awards for Non-PEO NEOs
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
Total —
Adjustment to
Equity Values for
Non-PEO NEOs
2024 1,166,838 (92,991) 86,319 1,160,166
2023 2,439,041 1,749,857 3,797 4,192,696
2022 901,914 31,869 70,027 1,003,810
2021 1,117,712 641,381 33,169 1,792,262
2020 736,315 433,665 (22,294) 1,147,686
       
Company Selected Measure Name EBITDA        
Named Executive Officers, Footnote
(1)
Mr. Jorgensen was the CEO (PEO) for all five fiscal years.
(2)
The Non-PEO NEOs for whom the average compensation is presented in this table are for fiscal 2024, Messrs. Hibbs, Little, and Strom, and Ms. Twedt; for fiscal 2023 and 2022,, Messrs. Hibbs, Brown, and Strom, and Ms. Twedt; for fiscal 2021, Messrs. Hibbs, Rancourt, Brown, and Strom and Ms. Twedt, and for fiscal 2020, Messrs. Corrick, Rancourt, Brown, and Stokes, and Ms. Twedt.
       
Peer Group Issuers, Footnote
(5)
The peer group used for this total shareholder return (TSR) calculation is comprised of the S&P 600 Building Products Index. This is the same peer group as reported in the Company’s Form 10-K for 2024. The peer group TSR is weighted according to the index’s stock market capitalization on December 31, 2019. 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 index, respectively, and assumes dividends were reinvested in the Company’s stock. Historical stock performance is not necessarily indicative of future stock performance. Beginning in 2023, the Company transitioned to the S&P 600 Building Products Index as the peer group for the TSR calculation. This change in peer group was to better reflect the industry in which we compete, as the S&P 600 Building Products Index represents small capitalization building products industry performance.
       
PEO Total Compensation Amount $ 7,509,149 $ 7,676,740 $ 6,277,015 $ 5,398,488 $ 5,033,970
PEO Actually Paid Compensation Amount $ 8,900,285 22,125,998 7,115,922 10,758,126 7,581,576
Adjustment To PEO Compensation, Footnote
(3)
The amounts shown in the “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” columns 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 PEO and the Non-PEO NEOs. These amounts reflect the “Total” column of the “Summary Compensation Table” for the applicable fiscal year with certain adjustments as described in footnote 4.
(4)
“Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” columns reflects the deductions and adjustments 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 “Deduction to Stock Awards” column below are the amounts from the “Stock Awards” column set forth in the “Summary Compensation Table”. Amounts in the “Deduction to Change in Pension Value” column below reflect the change in pension value included in the “Change in Pension Value/Nonqualified Deferred Compensation Earnings” column reported in the “Summary Compensation Table”. Amounts in the “Adjustment to Pension Service Cost” column below are based on the service cost for services rendered during the listed year.
Compensation Actually Paid
Compensation Actually Paid reflects the exclusions and inclusions for the PEO and the Non-PEO NEOs set forth below.
Year
Summary Compensation
Table Total for PEO
($)
Deduction to
Change in
Pension Value
($)
Deduction to
Stock Awards
($)
Adjustment to
Pension Service
Cost
($)
Adjustment to
Equity Values
($)
Compensation
Actually Paid to
PEO
($)
2024 7,509,149 (5,000,124) 6,391,260 8,900,285
2023 7,676,740 (3,700,003) 18,149,261 22,125,998
2022 6,277,015 (2,799,958) 3,638,865 7,115,922
2021 5,398,488 (2,214,964) 7,574,602 10,758,126
2020 5,033,970 (2,214,994) 4,762,599 7,581,576
Adjustment to Equity Values
The amounts in the Adjustment to Equity Values in the Compensation Actually Paid calculations 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
Change in Fair Value from Last
Day of Prior Year to Last Day
of Year of Unvested Equity
Awards for PEO
Change in Fair Value from Last
Day of Prior Year to Vesting Date
of Unvested Equity Awards that
Vested During Year for PEO
Total —
Adjustment to
Equity Values for
PEO
2024 6,323,982 (485,120) 552,398 6,391,260
2023 11,039,971 7,041,428 67,862 18,149,261
2022 3,206,661 188,259 243,945 3,638,865
2021 4,847,159 2,643,843 83,600 7,574,602
2020 4,530,254 241,307 (8,962) 4,762,599
       
Non-PEO NEO Average Total Compensation Amount $ 1,962,791 2,351,205 2,133,251 1,393,955 1,741,787
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,200,384 5,726,467 2,349,538 2,774,885 2,496,593
Adjustment to Non-PEO NEO Compensation Footnote
(3)
The amounts shown in the “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” columns 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 PEO and the Non-PEO NEOs. These amounts reflect the “Total” column of the “Summary Compensation Table” for the applicable fiscal year with certain adjustments as described in footnote 4.
(4)
“Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” columns reflects the deductions and adjustments 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 “Deduction to Stock Awards” column below are the amounts from the “Stock Awards” column set forth in the “Summary Compensation Table”. Amounts in the “Deduction to Change in Pension Value” column below reflect the change in pension value included in the “Change in Pension Value/Nonqualified Deferred Compensation Earnings” column reported in the “Summary Compensation Table”. Amounts in the “Adjustment to Pension Service Cost” column below are based on the service cost for services rendered during the listed year.
Compensation Actually Paid
Compensation Actually Paid reflects the exclusions and inclusions for the PEO and the Non-PEO NEOs set forth below.
Year
Summary Compensation
Table Total for Non-PEO
NEOs
($)
Deduction to
Change in
Pension Value
($)
Deduction to
Stock Awards
($)
Adjustment to
Pension Service Cost
($)
Adjustment to
Equity Values
($)
Compensation
Actually Paid to
Non-PEO NEOs
($)
2024 1,962,791 (922,573) 1,160,166 2,200,384
2023 2,351,205 (817,435) 4,192,696 5,726,467
2022 2,133,251 (787,523) 1,003,810 2,349,538
2021 1,393,955 (411,332) 1,792,262 2,774,885
2020 1,741,787 (32,870) (360,010) 1,147,686 2,496,593
Adjustment to Equity Values
The amounts in the Adjustment to Equity Values in the Compensation Actually Paid calculations 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 Non-PEO NEOs
Change in Fair Value from Last
Day of Prior Year to Last Day
of Year of Unvested Equity
Awards for Non-PEO NEOs
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
Total —
Adjustment to
Equity Values for
Non-PEO NEOs
2024 1,166,838 (92,991) 86,319 1,160,166
2023 2,439,041 1,749,857 3,797 4,192,696
2022 901,914 31,869 70,027 1,003,810
2021 1,117,712 641,381 33,169 1,792,262
2020 736,315 433,665 (22,294) 1,147,686
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_tsrrl-pn.jpg]        
Compensation Actually Paid vs. Net Income [MISSING IMAGE: bc_netincomerl-pn.jpg]        
Compensation Actually Paid vs. Company Selected Measure [MISSING IMAGE: bc_ebitdarl-pn.jpg]        
Total Shareholder Return Vs Peer Group [MISSING IMAGE: lc_grouptsrrl-pn.jpg]        
Tabular List, Table
The Company selected financial performance measure, Company EBITDA, is considered most important in linking Company performance for the most recently completed fiscal year to the compensation actually paid to the Company’s NEOs.
Company Selected Financial Performance Measures

Company EBITDA

BMD EBITDA

Wood Products EBITDA

ROIC

BMD PRONWC

Company Stock Price
       
Total Shareholder Return Amount $ 447.36 466.08 225.54 222.15 137.01
Peer Group Total Shareholder Return Amount 225.97 200.45 132.74 158.74 127.17
Net Income (Loss) $ 376,354 $ 483,656 $ 857,117 $ 710,330 $ 247,623
Company Selected Measure Amount 632,838 756,697 1,257,564 1,052,470 435,555
PEO Name Mr. Jorgensen        
Company Selected Measure Vs Net Income [Text Block] [MISSING IMAGE: bc_ebitdaincomerl-pn.jpg]        
Measure:: 1          
Pay vs Performance Disclosure          
Name Company EBITDA        
Non-GAAP Measure Description
(6)
EBITDA is calculated as set forth on page 39 of the proxy statement.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Wood Products EBITDA        
Measure:: 3          
Pay vs Performance Disclosure          
Name BMD PRONWC        
Measure:: 4          
Pay vs Performance Disclosure          
Name BMD EBITDA        
Measure:: 5          
Pay vs Performance Disclosure          
Name ROIC        
Measure:: 6          
Pay vs Performance Disclosure          
Name Company Stock Price        
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
PEO | 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 (5,000,124) (3,700,003) (2,799,958) (2,214,964) (2,214,994)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,391,260 18,149,261 3,638,865 7,574,602 4,762,599
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 6,323,982 11,039,971 3,206,661 4,847,159 4,530,254
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 (485,120) 7,041,428 188,259 2,643,843 241,307
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 552,398 67,862 243,945 83,600 (8,962)
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 (32,870)
Non-PEO NEO | Pension Adjustments Service Cost          
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 (922,573) (817,435) (787,523) (411,332) (360,010)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,160,166 4,192,696 1,003,810 1,792,262 1,147,686
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 1,166,838 2,439,041 901,914 1,117,712 736,315
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 (92,991) 1,749,857 31,869 641,381 433,665
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 $ 86,319 $ 3,797 $ 70,027 $ 33,169 $ (22,294)