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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jan. 02, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]          
Pay vs Performance [Table Text Block]  
Pay versus Performance
As required by Item 402(v) of Regulation S-K, the Company is providing the following information regarding the relationship between executive compensation and the Company’s financial performance for each of the three years in the period ended December 31, 2022. In accordance with the applicable SEC rules, the adjustments described and quantified below were made to the values reported in the Summary Compensation Table for each applicable year to determine the “actual” compensation paid to our Principal Executive Officers (“PEOs”) and the average “actual” compensation paid to our other NEOs.
The following table summarizes compensation values reported in the Summary Compensation Table for our PEO and the average for our other NEOs, as compared to “compensation actually paid” or “CAP” and the Company’s financial performance for the years ended December 31, 2022, 2021, and 2020:
Year
Summary
Compensation
Table Total
for John
Schmitz
(1)
Compensation
Actually
Paid to
John
Schmitz
(1)(2) (3)
Summary
Compensation
Table Total
for Holli
Ladhani
(1)
Compensation
Actually
Paid to
Holli
Ladhani
(1)(2) (3)
Average
Summary
Compensation
Table Total
for Non-
PEO NEOs
(4)
Average
Compensation
Actually
Paid to
Non-PEO
NEOs
(2)(3) (4)
Value of
Initial
Fixed $100
Investment
Based On:
Net
Income
(in millions)
Adjusted
EBITDA
(in millions)
TSR
Peer Group TSR(5)
(a)
(b)
(c)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2022
$ 7,615,178 $ 10,649,736 N/A N/A $ 2,161,222 $ 1,783,305 $ 100.15 $ 112.94 $ 48.3 $ 194.8
2021
$ 7,766,762 $ 7,344,410 $ 3,265,117 $ 3,185,568 $ 1,366,032 $ 1,447,542 $ 67.13 $ 69.94 $ (42.2) $ 49.7
2020
N/A N/A $ 4,226,328 $ 1,012,595 $ 1,229,165 $ 484,329 $ 44.18 $ 57.92 $ (338.7) $ 12.5
(1)
Mr. Schmitz was appointed as Chief Executive Officer effective January 3, 2021. Ms. Ladhani’s employment and service relationship with the Company terminated on January 3, 2021. The following individuals served as our PEOs for the following years:
2022: John Schmitz
2021: John Schmitz, Holli Ladhani
2020: Holli Ladhani
(2)
The Company deducted from and added to the Summary Compensation Table total compensation the following amounts to calculate compensation actually paid in accordance with Item 402(v) of Regulation S-K as disclosed in columns (c) and (e) for our PEO and Non-PEO NEOs in each respective year. As the Company’s NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
2022
2021
2020
John
Schmitz
Average
Non-PEO
NEOs
John
Schmitz
Holli
Ladhani
Average
Non-PEO
NEOs
Holli
Ladhani
Average
Non-PEO
NEOs
Total Compensation from Summary Compensation Table
$ 7,615,178 $ 2,161,222 $ 7,766,762 $ 3,265,117 $ 1,366,032 $ 4,226,328 $ 1,229,165
Adjustments for Equity Awards
Grant date values in the Summary Compensation Table
$ (6,074,602) $ (1,569,376) $ (6,521,966) $ 0 $ (846,942) $ (2,948,428) $ (711,600)
Year-end fair value of unvested awards
granted in the current year
$ 6,796,288 $ 1,270,432 $ 6,169,150 $ 0 $ 682,433 $ 1,021,359 $ 246,505
Year-over-year difference of year-end fair values for unvested awards granted in prior years
$ 2,763,083 $ 255,581 $ 0 $ 353,738 $ 157,466 $ (634,726) $ (165,750)
Fair values at vest date for awards granted and vested in current year
$ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Difference in fair values between prior
year-end fair values and vest date
fair values for awards granted in
prior years
$ (450,211) $ (186,490) $ (69,536) $ 121,533 $ 88,554 $ (651,939) $ (113,991)
Forfeitures during current year equal to prior year-end fair value
$ 0 $ (148,064) $ 0 $ (554,820) $ 0 $ 0 $ 0
Dividends or dividend equivalents not
otherwise included in the total
compensation
$ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Total Adjustments for Equity
Awards
$ 3,034,558 $ (377,917) $ (422,352) $ (79,549) $ 81,510 $ (3,213,733) $ (744,836)
Compensation Actually Paid (as calculated)
$ 10,649,736 $ 1,783,305 $ 7,344,410 $ 3,185,568 $ 1,447,542 $ 1,012,595 $ 484,329
(3)
There are no material differences between the assumptions used to compute the valuation of the equity awards for calculating the compensation actually paid from the assumptions used to compute the valuation of such equity awards as of the grant date.
(4)
The Average Summary Compensation Table Total for Non-PEO NEOs and Average Compensation Actually Paid to Non-PEO NEOs reflect the average compensation for the following executives by year:
2022: Nick Swyka, Michael Skarke, Christopher George, Cody Ortowski, Adam Law
2021: Nick Swyka, Michael Skarke, Cody Ortowski, Adam Law
2020: Nick Swyka, Cody Ortowski, Adam Law, Paul Pistono
(5)
The peer group is comprised of the companies in the PHLX Oil Service Index.
     
Company Selected Measure Name   Adjusted EBITDA      
Named Executive Officers, Footnote [Text Block]  
(1)
Mr. Schmitz was appointed as Chief Executive Officer effective January 3, 2021. Ms. Ladhani’s employment and service relationship with the Company terminated on January 3, 2021. The following individuals served as our PEOs for the following years:
2022: John Schmitz
2021: John Schmitz, Holli Ladhani
2020: Holli Ladhani
     
Peer Group Issuers, Footnote [Text Block]  
(5)
The peer group is comprised of the companies in the PHLX Oil Service Index.
     
Adjustment To PEO Compensation, Footnote [Text Block]  
(2)
The Company deducted from and added to the Summary Compensation Table total compensation the following amounts to calculate compensation actually paid in accordance with Item 402(v) of Regulation S-K as disclosed in columns (c) and (e) for our PEO and Non-PEO NEOs in each respective year. As the Company’s NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
2022
2021
2020
John
Schmitz
Average
Non-PEO
NEOs
John
Schmitz
Holli
Ladhani
Average
Non-PEO
NEOs
Holli
Ladhani
Average
Non-PEO
NEOs
Total Compensation from Summary Compensation Table
$ 7,615,178 $ 2,161,222 $ 7,766,762 $ 3,265,117 $ 1,366,032 $ 4,226,328 $ 1,229,165
Adjustments for Equity Awards
Grant date values in the Summary Compensation Table
$ (6,074,602) $ (1,569,376) $ (6,521,966) $ 0 $ (846,942) $ (2,948,428) $ (711,600)
Year-end fair value of unvested awards
granted in the current year
$ 6,796,288 $ 1,270,432 $ 6,169,150 $ 0 $ 682,433 $ 1,021,359 $ 246,505
Year-over-year difference of year-end fair values for unvested awards granted in prior years
$ 2,763,083 $ 255,581 $ 0 $ 353,738 $ 157,466 $ (634,726) $ (165,750)
Fair values at vest date for awards granted and vested in current year
$ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Difference in fair values between prior
year-end fair values and vest date
fair values for awards granted in
prior years
$ (450,211) $ (186,490) $ (69,536) $ 121,533 $ 88,554 $ (651,939) $ (113,991)
Forfeitures during current year equal to prior year-end fair value
$ 0 $ (148,064) $ 0 $ (554,820) $ 0 $ 0 $ 0
Dividends or dividend equivalents not
otherwise included in the total
compensation
$ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Total Adjustments for Equity
Awards
$ 3,034,558 $ (377,917) $ (422,352) $ (79,549) $ 81,510 $ (3,213,733) $ (744,836)
Compensation Actually Paid (as calculated)
$ 10,649,736 $ 1,783,305 $ 7,344,410 $ 3,185,568 $ 1,447,542 $ 1,012,595 $ 484,329
     
Non-PEO NEO Average Total Compensation Amount   $ 2,161,222   $ 1,366,032 $ 1,229,165
Non-PEO NEO Average Compensation Actually Paid Amount   $ 1,783,305   1,447,542 484,329
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]  
(2)
The Company deducted from and added to the Summary Compensation Table total compensation the following amounts to calculate compensation actually paid in accordance with Item 402(v) of Regulation S-K as disclosed in columns (c) and (e) for our PEO and Non-PEO NEOs in each respective year. As the Company’s NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans.
2022
2021
2020
John
Schmitz
Average
Non-PEO
NEOs
John
Schmitz
Holli
Ladhani
Average
Non-PEO
NEOs
Holli
Ladhani
Average
Non-PEO
NEOs
Total Compensation from Summary Compensation Table
$ 7,615,178 $ 2,161,222 $ 7,766,762 $ 3,265,117 $ 1,366,032 $ 4,226,328 $ 1,229,165
Adjustments for Equity Awards
Grant date values in the Summary Compensation Table
$ (6,074,602) $ (1,569,376) $ (6,521,966) $ 0 $ (846,942) $ (2,948,428) $ (711,600)
Year-end fair value of unvested awards
granted in the current year
$ 6,796,288 $ 1,270,432 $ 6,169,150 $ 0 $ 682,433 $ 1,021,359 $ 246,505
Year-over-year difference of year-end fair values for unvested awards granted in prior years
$ 2,763,083 $ 255,581 $ 0 $ 353,738 $ 157,466 $ (634,726) $ (165,750)
Fair values at vest date for awards granted and vested in current year
$ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Difference in fair values between prior
year-end fair values and vest date
fair values for awards granted in
prior years
$ (450,211) $ (186,490) $ (69,536) $ 121,533 $ 88,554 $ (651,939) $ (113,991)
Forfeitures during current year equal to prior year-end fair value
$ 0 $ (148,064) $ 0 $ (554,820) $ 0 $ 0 $ 0
Dividends or dividend equivalents not
otherwise included in the total
compensation
$ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Total Adjustments for Equity
Awards
$ 3,034,558 $ (377,917) $ (422,352) $ (79,549) $ 81,510 $ (3,213,733) $ (744,836)
Compensation Actually Paid (as calculated)
$ 10,649,736 $ 1,783,305 $ 7,344,410 $ 3,185,568 $ 1,447,542 $ 1,012,595 $ 484,329
     
Compensation Actually Paid vs. Total Shareholder Return [Text Block]  
CAP and Cumulative TSR / Cumulative TSR of the Peer Group
[MISSING IMAGE: bc_peotsr-4c.jpg]
     
Compensation Actually Paid vs. Net Income [Text Block]  
CAP and Company Net Income
[MISSING IMAGE: bc_peoincome-4c.jpg]
     
Compensation Actually Paid vs. Company Selected Measure [Text Block]  
CAP and Adjusted EBITDA
[MISSING IMAGE: bc_peoebitda-4c.jpg]
     
Tabular List [Table Text Block]  
Disclosure of Most Important Performance Measures for 2022 Fiscal Year
The measures listed below represent the most important financial performance measures that we used to determine CAP to our NEOs for fiscal year 2022. For more detail regarding these financial performance measures, please see “Compensation Discussion and Analysis — 2022 Executive Compensation Program.”
Most Important Financial Performance Measures
Adjusted EBITDA
Adjusted Free Cash Flow
Return on Assets
Stock Price
     
Total Shareholder Return Amount   $ 100.15   67.13 44.18
Peer Group Total Shareholder Return Amount   112.94   69.94 57.92
Net Income (Loss)   48,300,000   (42,200,000) (338,700,000)
Adjustment to Compensation Amount   $ 194,800,000   49,700,000 $ 12,500,000
PEO Name Holli Ladhani John Schmitz John Schmitz   Holli Ladhani
Measure [Axis]: 1          
Pay vs Performance Disclosure [Table]          
Measure Name   Adjusted EBITDA      
Measure [Axis]: 2          
Pay vs Performance Disclosure [Table]          
Measure Name   Adjusted Free Cash Flow      
Measure [Axis]: 3          
Pay vs Performance Disclosure [Table]          
Measure Name   Return on Assets      
Measure [Axis]: 4          
Pay vs Performance Disclosure [Table]          
Measure Name   Stock Price      
John Schmitz [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount   $ 7,615,178   7,766,762  
PEO Actually Paid Compensation Amount   10,649,736   7,344,410  
John Schmitz [Member] | Grant Date Values In The Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   (6,074,602)   (6,521,966)  
John Schmitz [Member] | Yearend Fair Value Of Unvested Awards Granted In The Current Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   6,796,288   6,169,150  
John Schmitz [Member] | Yearoveryear Difference Of Yearend Fair Values For Unvested Awards Granted In Prior Years [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   2,763,083   0  
John Schmitz [Member] | Fair Values At Vest Date For Awards Granted And Vested In Current Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   0   0  
John Schmitz [Member] | Difference In Fair Values Between Prior Yearend Fair Values And Vest Date Fair Values For Awards Granted In Prior Years [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   (450,211)   (69,536)  
John Schmitz [Member] | Forfeitures During Current Year Equal To Prior Yearend Fair Value [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   0   0  
John Schmitz [Member] | Dividends Or Dividend Equivalents Not Otherwise Included In The Total Compensation [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   0   0  
John Schmitz [Member] | Total Adjustments For Equity Awards [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   3,034,558   (422,352)  
Holli Ladhani [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount       3,265,117 $ 4,226,328
PEO Actually Paid Compensation Amount       3,185,568 1,012,595
Holli Ladhani [Member] | Grant Date Values In The Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       0 (2,948,428)
Holli Ladhani [Member] | Yearend Fair Value Of Unvested Awards Granted In The Current Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       0 1,021,359
Holli Ladhani [Member] | Yearoveryear Difference Of Yearend Fair Values For Unvested Awards Granted In Prior Years [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       353,738 (634,726)
Holli Ladhani [Member] | Fair Values At Vest Date For Awards Granted And Vested In Current Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       0 0
Holli Ladhani [Member] | Difference In Fair Values Between Prior Yearend Fair Values And Vest Date Fair Values For Awards Granted In Prior Years [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       121,533 (651,939)
Holli Ladhani [Member] | Forfeitures During Current Year Equal To Prior Yearend Fair Value [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       (554,820) 0
Holli Ladhani [Member] | Dividends Or Dividend Equivalents Not Otherwise Included In The Total Compensation [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       0 0
Holli Ladhani [Member] | Total Adjustments For Equity Awards [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount       (79,549) (3,213,733)
Non-PEO NEO [Member] | Grant Date Values In The Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   (1,569,376)   (846,942) (711,600)
Non-PEO NEO [Member] | Yearend Fair Value Of Unvested Awards Granted In The Current Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   1,270,432   682,433 246,505
Non-PEO NEO [Member] | Yearoveryear Difference Of Yearend Fair Values For Unvested Awards Granted In Prior Years [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   255,581   157,466 (165,750)
Non-PEO NEO [Member] | Fair Values At Vest Date For Awards Granted And Vested In Current Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   0   0 0
Non-PEO NEO [Member] | Difference In Fair Values Between Prior Yearend Fair Values And Vest Date Fair Values For Awards Granted In Prior Years [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   (186,490)   88,554 (113,991)
Non-PEO NEO [Member] | Forfeitures During Current Year Equal To Prior Yearend Fair Value [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   (148,064)   0 0
Non-PEO NEO [Member] | Dividends Or Dividend Equivalents Not Otherwise Included In The Total Compensation [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   0   0 0
Non-PEO NEO [Member] | Total Adjustments For Equity Awards [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   $ (377,917)   $ 81,510 $ (744,836)