XML 60 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total for
PEO ($)
(1)
Compensation
Actually Paid to
PEO ($)
(2)
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
(3)
Average
Compensation
Actually
Paid to Non-
PEO NEOs
($)
(4)
Value of Initial Fixed $100
Investment Based On:
Net
Income
($ in 000s)
(7)
Adjusted
EBITDA
($ in 000s)
(8)
Total
Shareholder
Return ($)
(5)
Peer Group
Total
Shareholder
Return ($)
(6)
2025
7,239,484
7,567,107
1,876,765
1,991,947
507
282
(37,076)
53,167
2024
4,070,302
1,957,661
1,199,267
449,550
612
223
71,407
196,717
2023
3,457,487
(3,703,779)
1,064,708
(1,049,917)
616
187
173,700
344,217
2022
4,874,722
25,669,657
2,989,405
12,049,682
958
128
73,939
264,714
2021
3,581,389
5,136,429
1,593,231
2,408,446
225
153
(4,576)
119,176
(1)
Represents the amount reported for each of the corresponding years in the “Total” column of the Summary Compensation Table for Mr. Archer, the Company’s CEO.
(2)
Represents the amount of “compensation actually paid” to Mr. Archer, as computed in accordance with Item 402(v) of Regulation S-K. This amount does not reflect the total compensation actually realized or received by Mr. Archer. In accordance with Item 402(v) of Regulation S-K, these amounts reflect “Total” compensation as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
Compensation Actually Paid to PEO
2025
2024
2023
2022
2021
Summary Compensation Table Total
7,239,484
4,070,302
3,457,487
4,874,722
3,581,389
Less, value of “Stock Awards” and
“Option Awards” reported in Summary
Compensation Table
(3,703,518)
(2,131,486)
(1,549,619)
(2,095,031)
(850,103)
Less, change in pension value and
Non-Qualified Deferred Compensation
earnings
0
0
0
0
0
Plus, year-end fair value of outstanding
and unvested equity awards granted in
the year
4,930,985
1,384,506
840,193
11,624,887
1,809,574
Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years
(444,836)
(1,621,290)
(7,410,418)
11,217,181
566,716
Plus (less), year over year change in fair value of equity awards granted in prior years that vested in the year
(455,008)
255,630
958,578
47,898
28,853
Compensation Actually Paid to Mr. Archer
7,567,107 1,957,661 (3,703,779) 25,669,657 5,136,429
(3)
Represents the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Mr. Archer) for each of the corresponding years in the “Total” column of the Summary Compensation Table. The names of each of the NEOs included for these purposes in each applicable year are as follows:
Year
PEO
NEOs included in Average
2025
James B Archer
Jason Vlacich, Troy C. Schrenk, Heidi Lewis,
Brendan Dowhaniuk
2024
James B Archer
Jason Vlacich, Eric T. Kalamaras, Troy C. Schrenk,
Heidi Lewis, Brendan Dowhaniuk
2023
James B Archer
Eric T. Kalamaras, Troy C. Schrenk, Heidi Lewis,
Jason Vlacich, Travis Kelley
2022
James B Archer
Eric T. Kalamaras, Troy C. Schrenk
2021
James B Archer
Eric T. Kalamaras, Troy C. Schrenk
(4)
Represents the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Archer), as computed in accordance with Item 402(v) of Regulation S-K. In accordance with Item 402(v) of Regulation S-K, these amounts reflect “Total” compensation as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.
Average Compensation Actually Paid to Non-PEO
NEOs
2025
2024
2023
2022
2021
Average Summary Compensation Table Total
1,876,765
1,199,267
1,064,708
2,989,405
1,593,231
Less, average value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table
(683,935)
(416,908)
(361,574)
(1,887,019)
(425,052)
Less, change in pension value and Non-Qualified Deferred Compensation earnings
0
0
0
0
0
Plus, average year-end fair value of outstanding
and unvested equity awards granted in the year
994,741
284,163
196,044
5,152,958
904,787
Plus (less), average year over year change in fair value of outstanding and unvested equity awards granted in prior years
(84,117)
(365,707)
(2,286,425)
5,554,520
284,110
Plus (less), average year over year change in fair value of equity awards granted in prior years that vested in the year
(111,506)
(251,265)
337,331
239,816
51,370
Average Compensation Actually Paid to Non-PEO NEOs
1,991,947
449,550
(1,049,917)
12,049,682
2,408,446
(5)
Total Shareholder Return (TSR) is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment if applicable, and (ii) the difference between the Company’s share price at the end of each fiscal year shown and the beginning of the measurement period, and the beginning of the measurement period by (b) the Company’s share price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is January 1, 2021.
(6)
The peer group used for the TSR calculation is the same peer group used by the Compensation Committee as the primary reference point to assess the competitiveness of compensation awarded to our NEOs, as described in the Compensation Discussion and Analysis above. The issuers comprising this peer group are described in “Executive Compensation — Compensation Discussion and Analysis — Use of Market Data” above. The issuers comprising this peer group have been updated from year to year to reflect changes in market cap and financials. Changes to the 2024 compensation peer group for compensation decisions made in 2024 are described in “Executive Compensation — Compensation Discussion and Analysis — Use of Market Data” above. Using the 2024 compensation peer group, the peer group TSR for 2025 would have been $295.
(7)
Represents the amount of net income reflected in the Company’s audited financial statements for the applicable year.
(8)
Adjusted EBITDA is a Non-GAAP financial measure. Adjusted EBITDA is calculated as Adjusted EBITDA gross of bonus adjustments. Adjusted EBITDA is a non-GAAP financial measure. For a discussion of our use of non-GAAP financial measures, including a reconciliation of (i) Adjusted EBITDA to net income (loss), please see the “Non-GAAP Financial Measures” section beginning on page 68 in Item 7 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote
(3)
Represents the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Mr. Archer) for each of the corresponding years in the “Total” column of the Summary Compensation Table. The names of each of the NEOs included for these purposes in each applicable year are as follows:
Year
PEO
NEOs included in Average
2025
James B Archer
Jason Vlacich, Troy C. Schrenk, Heidi Lewis,
Brendan Dowhaniuk
2024
James B Archer
Jason Vlacich, Eric T. Kalamaras, Troy C. Schrenk,
Heidi Lewis, Brendan Dowhaniuk
2023
James B Archer
Eric T. Kalamaras, Troy C. Schrenk, Heidi Lewis,
Jason Vlacich, Travis Kelley
2022
James B Archer
Eric T. Kalamaras, Troy C. Schrenk
2021
James B Archer
Eric T. Kalamaras, Troy C. Schrenk
       
Peer Group Issuers, Footnote
(6)
The peer group used for the TSR calculation is the same peer group used by the Compensation Committee as the primary reference point to assess the competitiveness of compensation awarded to our NEOs, as described in the Compensation Discussion and Analysis above. The issuers comprising this peer group are described in “Executive Compensation — Compensation Discussion and Analysis — Use of Market Data” above. The issuers comprising this peer group have been updated from year to year to reflect changes in market cap and financials. Changes to the 2024 compensation peer group for compensation decisions made in 2024 are described in “Executive Compensation — Compensation Discussion and Analysis — Use of Market Data” above. Using the 2024 compensation peer group, the peer group TSR for 2025 would have been $295.
       
PEO Total Compensation Amount $ 7,239,484 $ 4,070,302 $ 3,457,487 $ 4,874,722 $ 3,581,389
PEO Actually Paid Compensation Amount $ 7,567,107 1,957,661 (3,703,779) 25,669,657 5,136,429
Adjustment To PEO Compensation, Footnote
(2)
Represents the amount of “compensation actually paid” to Mr. Archer, as computed in accordance with Item 402(v) of Regulation S-K. This amount does not reflect the total compensation actually realized or received by Mr. Archer. In accordance with Item 402(v) of Regulation S-K, these amounts reflect “Total” compensation as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
Compensation Actually Paid to PEO
2025
2024
2023
2022
2021
Summary Compensation Table Total
7,239,484
4,070,302
3,457,487
4,874,722
3,581,389
Less, value of “Stock Awards” and
“Option Awards” reported in Summary
Compensation Table
(3,703,518)
(2,131,486)
(1,549,619)
(2,095,031)
(850,103)
Less, change in pension value and
Non-Qualified Deferred Compensation
earnings
0
0
0
0
0
Plus, year-end fair value of outstanding
and unvested equity awards granted in
the year
4,930,985
1,384,506
840,193
11,624,887
1,809,574
Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years
(444,836)
(1,621,290)
(7,410,418)
11,217,181
566,716
Plus (less), year over year change in fair value of equity awards granted in prior years that vested in the year
(455,008)
255,630
958,578
47,898
28,853
Compensation Actually Paid to Mr. Archer
7,567,107 1,957,661 (3,703,779) 25,669,657 5,136,429
       
Non-PEO NEO Average Total Compensation Amount $ 1,876,765 1,199,267 1,064,708 2,989,405 1,593,231
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,991,947 449,550 (1,049,917) 12,049,682 2,408,446
Adjustment to Non-PEO NEO Compensation Footnote
(4)
Represents the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Archer), as computed in accordance with Item 402(v) of Regulation S-K. In accordance with Item 402(v) of Regulation S-K, these amounts reflect “Total” compensation as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.
Average Compensation Actually Paid to Non-PEO
NEOs
2025
2024
2023
2022
2021
Average Summary Compensation Table Total
1,876,765
1,199,267
1,064,708
2,989,405
1,593,231
Less, average value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table
(683,935)
(416,908)
(361,574)
(1,887,019)
(425,052)
Less, change in pension value and Non-Qualified Deferred Compensation earnings
0
0
0
0
0
Plus, average year-end fair value of outstanding
and unvested equity awards granted in the year
994,741
284,163
196,044
5,152,958
904,787
Plus (less), average year over year change in fair value of outstanding and unvested equity awards granted in prior years
(84,117)
(365,707)
(2,286,425)
5,554,520
284,110
Plus (less), average year over year change in fair value of equity awards granted in prior years that vested in the year
(111,506)
(251,265)
337,331
239,816
51,370
Average Compensation Actually Paid to Non-PEO NEOs
1,991,947
449,550
(1,049,917)
12,049,682
2,408,446
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_peergroup-pn.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netcome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_ebitda-pn.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_peergroup-pn.jpg]        
Tabular List, Table
Financial Performance Measures
As described in greater detail under “Executive Compensation — Compensation Discussion and Analysis,” the Company’s executive compensation program reflects a variable pay-for-performance philosophy. The metrics that the Company uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our shareholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:

Adjusted EBITDA

Relative TSR

Cash Flow
       
Total Shareholder Return Amount $ 507 612 616 958 225
Peer Group Total Shareholder Return Amount 282 223 187 128 153
Net Income (Loss) $ (37,076,000) $ 71,407,000 $ 173,700,000 $ 73,939,000 $ (4,576,000)
Company Selected Measure Amount 53,167,000 196,717,000 344,217,000 264,714,000 119,176,000
PEO Name Mr. Archer        
Peer group TSR Amount $ 295        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description
(8)
Adjusted EBITDA is a Non-GAAP financial measure. Adjusted EBITDA is calculated as Adjusted EBITDA gross of bonus adjustments. Adjusted EBITDA is a non-GAAP financial measure. For a discussion of our use of non-GAAP financial measures, including a reconciliation of (i) Adjusted EBITDA to net income (loss), please see the “Non-GAAP Financial Measures” section beginning on page 68 in Item 7 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Relative TSR        
Measure:: 3          
Pay vs Performance Disclosure          
Name Cash Flow        
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 $ 0 $ 0 $ 0 $ 0
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,703,518) (2,131,486) (1,549,619) (2,095,031) (850,103)
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 4,930,985 1,384,506 840,193 11,624,887 1,809,574
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 (444,836) (1,621,290) (7,410,418) 11,217,181 566,716
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 (455,008) 255,630 958,578 47,898 28,853
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 0 0 0 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 (683,935) (416,908) (361,574) (1,887,019) (425,052)
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 994,741 284,163 196,044 5,152,958 904,787
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 (84,117) (365,707) (2,286,425) 5,554,520 284,110
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 $ (111,506) $ (251,265) $ 337,331 $ 239,816 $ 51,370