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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 ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table sets forth information concerning the compensation of our Principal Executive Officer (“PEO”) and Named Executive Officers (“NEO”) for each of the fiscal years ended December 31, 2024, 2023, 2022, 2021 and 2020, and our financial performance for each such fiscal year (except for shareholder returns, all figures in 000s):
Year
Summary
Compensation
Table Total
for PEO
($)
Compensation
Actually
Paid to PEO
($)
(1)
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
(1)
Value of Initial Fixed $100
Investment Based on:
Net
Income
(Loss)
($)
EBITDA(3)
Total
Shareholder
Return
($)
Peer Group
Total
Shareholder
Return
($)
(2)
2024
12,685 12,764 2,890 1,703 113.59 122.91 (204,074) 122,818
2023
8,839 20,476 1.343 1,955 141.50 90.96 1,273,441 129,805
2022
10,917 1,316 1,263 201 100.20 82.21 5,146 230,620
2021
11,504 18,763 1,040 1,633 120.98 112.44 48,815 214,347
2020
14,111 8,406 1,248 928 94.72 110.08 6,216 227,920
(1)
Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:
Year
PEO
Non-PEO NEOs
2024
Dave Schaeffer
Thaddeus Weed, James Bubeck, John Chang, Henry Kilmer
2023
Dave Schaeffer
Thaddeus Weed, James Bubeck, John Chang, Henry Kilmer, Greg O’Connor and Jeff Danielson
2022
Dave Schaeffer
Thaddeus Weed, Sean Wallace, James Bubeck, John Chang and Henry Kilmer
2021
Dave Schaeffer
Sean Wallace, James Bubeck, Brad Kummer, John Chang and Timothy O’Neill
2020
Dave Schaeffer
Sean Wallace, Thaddeus Weed, Jean-Michel Slagmuylder, Timothy O’Neill, James Bubeck and Brad Kummer
Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows (all figures in 000s):
2024
($, in 000s)
2023
($, in 000s)
2022
($, in 000s)
2021
($, in 000s)
2020
($, in 000s)
Adjustments
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY
(12,489) (2,551) (8,716) (1,068) (10,798) (999) (11,148) (746) (13,876) (936)
Increase based on ASC 718
Fair Value of Awards
Granted during Applicable
FY that Remain Unvested as
of Applicable FY End,
determined as of Applicable
FY End
12,703 1,303 12,170 1,033 8,761 799 12,841 878 11,180 731
2024
($, in 000s)
2023
($, in 000s)
2022
($, in 000s)
2021
($, in 000s)
2020
($, in 000s)
Adjustments
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
Increase based on ASC 718
Fair Value of Awards
Granted during Applicable
FY that Vested during
Applicable FY, determined as
of Vesting Date
Increase/deduction for Awards
Granted during Prior FY
that were Outstanding and
Unvested as of Applicable
FY End, determined based on
change in ASC 718 Fair
Value from Prior FY End to
Applicable FY End
371 50 7,396 456 (6,649) (436) 5,497 212 (1,622) (146)
Increase/deduction for Awards
Granted during Prior FY
that Vested During
Applicable FY, determined
based on change in ASC 718
Fair Value from Prior FY
End to Vesting Date
(662) (20) 650 161 (1,025) (180) 910 222 659 16
Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End
(274) (955) (2,146)
Increase based on Dividends or
Other Earnings Paid during
Applicable FY prior to
Vesting Date
156 30 137 32 98 25 114 27 100 15
Increase based on Incremental
Fair Value of Options/SARs
Modified during Applicable
FY
Deduction for Change in the
Actuarial Present Values
reported under the “Change
in Pension Value and
Nonqualified Deferred
Compensation Earnings”
Column of the Summary
Compensation Table for
Applicable FY
Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans
TOTAL ADJUSTMENTS
80
(1,187)
11,637
613
(9,601)
(1,062)
7,259
592
(5,704)
(320)
(2)
For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of NASDAQ Telecommunications Index (the “Peer Group”).
(3)
EBITDA is a non-GAAP measure. EBITDA represents net cash flows provided by operating activities plus changes in operating assets and liabilities, cash interest expense and cash income tax expense.
       
Company Selected Measure Name EBITDA        
Named Executive Officers, Footnote
(1)
Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:
Year
PEO
Non-PEO NEOs
2024
Dave Schaeffer
Thaddeus Weed, James Bubeck, John Chang, Henry Kilmer
2023
Dave Schaeffer
Thaddeus Weed, James Bubeck, John Chang, Henry Kilmer, Greg O’Connor and Jeff Danielson
2022
Dave Schaeffer
Thaddeus Weed, Sean Wallace, James Bubeck, John Chang and Henry Kilmer
2021
Dave Schaeffer
Sean Wallace, James Bubeck, Brad Kummer, John Chang and Timothy O’Neill
2020
Dave Schaeffer
Sean Wallace, Thaddeus Weed, Jean-Michel Slagmuylder, Timothy O’Neill, James Bubeck and Brad Kummer
       
Peer Group Issuers, Footnote
(2)
For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of NASDAQ Telecommunications Index (the “Peer Group”).
       
PEO Total Compensation Amount $ 12,685 $ 8,839 $ 10,917 $ 11,504 $ 14,111
PEO Actually Paid Compensation Amount $ 12,764 20,476 1,316 18,763 8,406
Adjustment To PEO Compensation, Footnote
(1)
Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:
Year
PEO
Non-PEO NEOs
2024
Dave Schaeffer
Thaddeus Weed, James Bubeck, John Chang, Henry Kilmer
2023
Dave Schaeffer
Thaddeus Weed, James Bubeck, John Chang, Henry Kilmer, Greg O’Connor and Jeff Danielson
2022
Dave Schaeffer
Thaddeus Weed, Sean Wallace, James Bubeck, John Chang and Henry Kilmer
2021
Dave Schaeffer
Sean Wallace, James Bubeck, Brad Kummer, John Chang and Timothy O’Neill
2020
Dave Schaeffer
Sean Wallace, Thaddeus Weed, Jean-Michel Slagmuylder, Timothy O’Neill, James Bubeck and Brad Kummer
Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows (all figures in 000s):
2024
($, in 000s)
2023
($, in 000s)
2022
($, in 000s)
2021
($, in 000s)
2020
($, in 000s)
Adjustments
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY
(12,489) (2,551) (8,716) (1,068) (10,798) (999) (11,148) (746) (13,876) (936)
Increase based on ASC 718
Fair Value of Awards
Granted during Applicable
FY that Remain Unvested as
of Applicable FY End,
determined as of Applicable
FY End
12,703 1,303 12,170 1,033 8,761 799 12,841 878 11,180 731
2024
($, in 000s)
2023
($, in 000s)
2022
($, in 000s)
2021
($, in 000s)
2020
($, in 000s)
Adjustments
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
Increase based on ASC 718
Fair Value of Awards
Granted during Applicable
FY that Vested during
Applicable FY, determined as
of Vesting Date
Increase/deduction for Awards
Granted during Prior FY
that were Outstanding and
Unvested as of Applicable
FY End, determined based on
change in ASC 718 Fair
Value from Prior FY End to
Applicable FY End
371 50 7,396 456 (6,649) (436) 5,497 212 (1,622) (146)
Increase/deduction for Awards
Granted during Prior FY
that Vested During
Applicable FY, determined
based on change in ASC 718
Fair Value from Prior FY
End to Vesting Date
(662) (20) 650 161 (1,025) (180) 910 222 659 16
Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End
(274) (955) (2,146)
Increase based on Dividends or
Other Earnings Paid during
Applicable FY prior to
Vesting Date
156 30 137 32 98 25 114 27 100 15
Increase based on Incremental
Fair Value of Options/SARs
Modified during Applicable
FY
Deduction for Change in the
Actuarial Present Values
reported under the “Change
in Pension Value and
Nonqualified Deferred
Compensation Earnings”
Column of the Summary
Compensation Table for
Applicable FY
Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans
TOTAL ADJUSTMENTS
80
(1,187)
11,637
613
(9,601)
(1,062)
7,259
592
(5,704)
(320)
       
Non-PEO NEO Average Total Compensation Amount $ 2,890 1.343 1,263 1,040 1,248
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,703 1,955 201 1,633 928
Adjustment to Non-PEO NEO Compensation Footnote
(1)
Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:
Year
PEO
Non-PEO NEOs
2024
Dave Schaeffer
Thaddeus Weed, James Bubeck, John Chang, Henry Kilmer
2023
Dave Schaeffer
Thaddeus Weed, James Bubeck, John Chang, Henry Kilmer, Greg O’Connor and Jeff Danielson
2022
Dave Schaeffer
Thaddeus Weed, Sean Wallace, James Bubeck, John Chang and Henry Kilmer
2021
Dave Schaeffer
Sean Wallace, James Bubeck, Brad Kummer, John Chang and Timothy O’Neill
2020
Dave Schaeffer
Sean Wallace, Thaddeus Weed, Jean-Michel Slagmuylder, Timothy O’Neill, James Bubeck and Brad Kummer
Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows (all figures in 000s):
2024
($, in 000s)
2023
($, in 000s)
2022
($, in 000s)
2021
($, in 000s)
2020
($, in 000s)
Adjustments
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY
(12,489) (2,551) (8,716) (1,068) (10,798) (999) (11,148) (746) (13,876) (936)
Increase based on ASC 718
Fair Value of Awards
Granted during Applicable
FY that Remain Unvested as
of Applicable FY End,
determined as of Applicable
FY End
12,703 1,303 12,170 1,033 8,761 799 12,841 878 11,180 731
2024
($, in 000s)
2023
($, in 000s)
2022
($, in 000s)
2021
($, in 000s)
2020
($, in 000s)
Adjustments
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
PEO
Average
Non-PEO
NEOs
Increase based on ASC 718
Fair Value of Awards
Granted during Applicable
FY that Vested during
Applicable FY, determined as
of Vesting Date
Increase/deduction for Awards
Granted during Prior FY
that were Outstanding and
Unvested as of Applicable
FY End, determined based on
change in ASC 718 Fair
Value from Prior FY End to
Applicable FY End
371 50 7,396 456 (6,649) (436) 5,497 212 (1,622) (146)
Increase/deduction for Awards
Granted during Prior FY
that Vested During
Applicable FY, determined
based on change in ASC 718
Fair Value from Prior FY
End to Vesting Date
(662) (20) 650 161 (1,025) (180) 910 222 659 16
Deduction of ASC 718 Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End
(274) (955) (2,146)
Increase based on Dividends or
Other Earnings Paid during
Applicable FY prior to
Vesting Date
156 30 137 32 98 25 114 27 100 15
Increase based on Incremental
Fair Value of Options/SARs
Modified during Applicable
FY
Deduction for Change in the
Actuarial Present Values
reported under the “Change
in Pension Value and
Nonqualified Deferred
Compensation Earnings”
Column of the Summary
Compensation Table for
Applicable FY
Increase for Service Cost and, if applicable, Prior Service Cost for Pension Plans
TOTAL ADJUSTMENTS
80
(1,187)
11,637
613
(9,601)
(1,062)
7,259
592
(5,704)
(320)
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_paidvstsr-bw.jpg]        
Compensation Actually Paid vs. Net Income [MISSING IMAGE: bc_paidvsnetincome-bw.jpg]        
Compensation Actually Paid vs. Company Selected Measure [MISSING IMAGE: bc_paidvsebitda-bw.jpg]        
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_paidvstsr-bw.jpg]        
Tabular List, Table
Pay Versus Performance Tabular List
We believe the following performance measures represent the most important performance measures used to link compensation actually paid to our NEOs for the fiscal year ended December 31, 2024:

EBITDA;

AWR; and

TSR
       
Total Shareholder Return Amount $ 113.59 141.5 100.2 120.98 94.72
Peer Group Total Shareholder Return Amount 122.91 90.96 82.21 112.44 110.08
Net Income (Loss) $ (204,074) $ 1,273,441 $ 5,146 $ 48,815 $ 6,216
Company Selected Measure Amount 122,818 129,805 230,620 214,347 227,920
PEO Name Dave Schaeffer        
Measure:: 1          
Pay vs Performance Disclosure          
Name EBITDA        
Non-GAAP Measure Description
(3)
EBITDA is a non-GAAP measure. EBITDA represents net cash flows provided by operating activities plus changes in operating assets and liabilities, cash interest expense and cash income tax expense.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name AWR        
Measure:: 3          
Pay vs Performance Disclosure          
Name TSR        
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 | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 80 11,637 (9,601) 7,259 (5,704)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (12,489) 8,716 10,798 11,148 13,876
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 12,703 12,170 8,761 12,841 11,180
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 371 7,396 (6,649) 5,497 (1,622)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
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 (662) 650 (1,025) 910 659
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 156 137 98 114 100
PEO | Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 955 2,146
PEO | Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
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
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,187) 613 (1,062) 592 (320)
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 (2,551) 1,068 999 746 936
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 1,303 1,033 799 878 731
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 50 456 (436) 212 (146)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
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 (20) 161 (180) 222 16
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 30 32 25 27 15
Non-PEO NEO | Fair Value of Awards Granted during Prior FY that were Forfeited during Applicable FY, determined as of Prior FY End          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 274
Non-PEO NEO | Increase based on Incremental Fair Value of Options/SARs Modified during Applicable FY          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount