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Pay vs Performance Disclosure
pure in Thousands
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
PAY VERSUS PERFORMANCE
The table set forth below reports, for the past three fiscal years, (i) the compensation of our Principal Executive Officer (PEO), and the average compensation of our other named executive officers (our Non-PEO NEOs), (ii) the “compensation actually paid” to our PEO, and the average of the “compensation actually paid” to our Non-PEO NEOs, each as calculated pursuant to SEC rules, and (iii) certain performance measures required by SEC rules. The table reflects compensation amounts for two PEOs: the “First PEO”, Mitchell B. Lewis, retired as our President and Chief Executive Officer, effective June 7, 2021; and the “Second PEO”, Dwight Gibson, was appointed as our President and Chief Executive Officer on April 15, 2021, effective June 7, 2021.
Year
Summary
Compensation
Table Total
for First
PEO($)
(1)
Summary
Compensation
Table Total
for Second
PEO($)
(1)
Compensation
Actually Paid
to First
PEO($)
(2)(5)
Compensation
Actually Paid
to Second
PEO($)
(2)(5)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs($)
(3)
Average
Compensation
Actually
Paid to
Non-PEO
NEOs($)
(4)(5)
Value of
Initial Fixed
$100 Investment
Based on:
Net Income
(thousands)($)
(8)
Adjusted
EBITDA
(thousands)($)
(9)
BXC
TSR($)
(6)
Peer
Group
TSR($)
(7)
(a)
(b)
(b)
(c)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2022 3,900,941 4,489,375 2,256,926 2,168,285 540.76 131.98 296,176 477,742
2021 2,099,958 5,283,864 7,081,834 9,725,418 1,686,879 6,330,760 728.21 187.59 296,133 464,071
2020 3,339,487 5,688,095 1,323,705 2,048,467 222.51 126.06 80,882 170,394
(1)
Reflects compensation amounts reported in the Summary Compensation Table for each PEO.
(2)
Reflects “compensation actually paid” to Messrs. Lewis and Gibson, respectively, calculated in accordance with SEC rules, which does not reflect compensation actually earned, realized or received by Messrs. Lewis or Gibson.
(3)
Reflects the average of the compensation amounts reported in the Summary Compensation Table for our non-PEO NEOs for the respective years shown. The following non-PEO NEOs are included in the average figures shown:
2020: Alexander Averitt, Kelly Janzen, Susan O’Farrell
2021: Kelly Janzen, Shyam Reddy
2022: Kelly Janzen, Shyam Reddy, Kevin Henry
(4)
Reflects the average “compensation actually paid” to our non-PEO NEOs, calculated in accordance with SEC rules, which does not reflect compensation actually earned, realized or received by our non-PEO NEOs.
(5)
In accordance with SEC rules, the following adjustments were made to the total compensation of the First PEO and Second PEO for the respective years shown to determine their “compensation actually paid”, and to the average total compensation of our non-PEO NEOs for the respective years shown to determine their average “compensation actually paid”:
Second
PEO($)
Average for
Non-PEO
NEOs($)
First
PEO($)
Second
PEO($)
Average for
Non-PEO
NEOs($)
First
PEO($)
Average for
Non-PEO
NEOs($)
Summary Compensation Table (SCT)
3,900,941 2,256,926 2,099,958 5,283,864 1,686,879 3,339,487 1,323,705
Adjustments
Less: Grant-date fair value of equity award
amounts reported in SCT for covered
year
(2,044,386) (1,156,541) (671,167) (3,849,347) (400,185) (898,000) (324,810)
Plus: Year-end fair value of equity awards
granted in covered year
2,175,966 566,557 8,290,901 861,936 2,926,000 1,120,473
Change in fair value of outstanding, unvested awards granted in prior years
754,689 508,625 4,390,700 3,835,174 443,227 35,118
Fair value as of vesting date for awards granted and vested in covered year
For awards granted in prior years that vest
in the fiscal year, the change in the fair
value from the end of the prior fiscal
year to the vesting date
(297,835) (500,958) 2,237,667 346,956 (122,619) (19,264)
For awards granted in prior years that are
determined to fail to meet the applicable
vesting conditions (i.e., are forfeited),
deduct the amount equal to the fair
value at the end of the prior fiscal year
(975,324) (86,755)
The amount of any dividends or other
earnings paid on equity awards in the
fiscal year prior to the vesting date that
is not otherwise reflected in the fair
value of such award or included in total
compensation for the covered fiscal year
493,676
Compensation Actually Paid
4,489,375 2,168,285 7,081,834 9,725,418 6,330,760 5,688,095 2,048,467
(6)
For the relevant fiscal year, represents the cumulative total shareholder return (“TSR”) of the Company for the measurement periods ending on each of December 31, 2022, January 1, 2022, and January 2, 2021, assuming an initial investment of $100 in the Company’s stock on December 28, 2019.
(7)
For the relevant fiscal year, represents the cumulative total shareholder return of the S&P 600 Building Products Index for the measurement periods ending on each of December 31, 2022, January 1, 2022, and January 2, 2021, assuming an initial investment of $100 on December 28, 2019.
(8)
Reflects “Net Income” in the Company’s Consolidated Statements of Operations and Comprehensive Income included in the Company’s Annual Reports on Form 10-K for each of the fiscal years ended December 31, 2022, January 1, 2022, and January 2, 2021.
(9)
Adjusted EBITDA is the most important financial performance measure used by the Company to link compensation actually paid to the PEO and non-PEO NEOs in 2022 to the Company’s performance. Adjusted EBITDA, a non-GAAP measure, is defined and described in “Compensation Discussion and Analysis”.
   
Company Selected Measure Name Adjusted EBITDA    
Named Executive Officers, Footnote [Text Block]
(2)
Reflects “compensation actually paid” to Messrs. Lewis and Gibson, respectively, calculated in accordance with SEC rules, which does not reflect compensation actually earned, realized or received by Messrs. Lewis or Gibson.
(3)
Reflects the average of the compensation amounts reported in the Summary Compensation Table for our non-PEO NEOs for the respective years shown. The following non-PEO NEOs are included in the average figures shown:
2020: Alexander Averitt, Kelly Janzen, Susan O’Farrell
2021: Kelly Janzen, Shyam Reddy
2022: Kelly Janzen, Shyam Reddy, Kevin Henry
   
Peer Group Issuers, Footnote [Text Block]
(7)
For the relevant fiscal year, represents the cumulative total shareholder return of the S&P 600 Building Products Index for the measurement periods ending on each of December 31, 2022, January 1, 2022, and January 2, 2021, assuming an initial investment of $100 on December 28, 2019.
   
Adjustment To PEO Compensation, Footnote [Text Block]
(5)
In accordance with SEC rules, the following adjustments were made to the total compensation of the First PEO and Second PEO for the respective years shown to determine their “compensation actually paid”, and to the average total compensation of our non-PEO NEOs for the respective years shown to determine their average “compensation actually paid”:
Second
PEO($)
Average for
Non-PEO
NEOs($)
First
PEO($)
Second
PEO($)
Average for
Non-PEO
NEOs($)
First
PEO($)
Average for
Non-PEO
NEOs($)
Summary Compensation Table (SCT)
3,900,941 2,256,926 2,099,958 5,283,864 1,686,879 3,339,487 1,323,705
Adjustments
Less: Grant-date fair value of equity award
amounts reported in SCT for covered
year
(2,044,386) (1,156,541) (671,167) (3,849,347) (400,185) (898,000) (324,810)
Plus: Year-end fair value of equity awards
granted in covered year
2,175,966 566,557 8,290,901 861,936 2,926,000 1,120,473
Change in fair value of outstanding, unvested awards granted in prior years
754,689 508,625 4,390,700 3,835,174 443,227 35,118
Fair value as of vesting date for awards granted and vested in covered year
For awards granted in prior years that vest
in the fiscal year, the change in the fair
value from the end of the prior fiscal
year to the vesting date
(297,835) (500,958) 2,237,667 346,956 (122,619) (19,264)
For awards granted in prior years that are
determined to fail to meet the applicable
vesting conditions (i.e., are forfeited),
deduct the amount equal to the fair
value at the end of the prior fiscal year
(975,324) (86,755)
The amount of any dividends or other
earnings paid on equity awards in the
fiscal year prior to the vesting date that
is not otherwise reflected in the fair
value of such award or included in total
compensation for the covered fiscal year
493,676
Compensation Actually Paid
4,489,375 2,168,285 7,081,834 9,725,418 6,330,760 5,688,095 2,048,467
   
Non-PEO NEO Average Total Compensation Amount $ 2,256,926 $ 1,686,879 $ 1,323,705
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,168,285 6,330,760 2,048,467
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(5)
In accordance with SEC rules, the following adjustments were made to the total compensation of the First PEO and Second PEO for the respective years shown to determine their “compensation actually paid”, and to the average total compensation of our non-PEO NEOs for the respective years shown to determine their average “compensation actually paid”:
Second
PEO($)
Average for
Non-PEO
NEOs($)
First
PEO($)
Second
PEO($)
Average for
Non-PEO
NEOs($)
First
PEO($)
Average for
Non-PEO
NEOs($)
Summary Compensation Table (SCT)
3,900,941 2,256,926 2,099,958 5,283,864 1,686,879 3,339,487 1,323,705
Adjustments
Less: Grant-date fair value of equity award
amounts reported in SCT for covered
year
(2,044,386) (1,156,541) (671,167) (3,849,347) (400,185) (898,000) (324,810)
Plus: Year-end fair value of equity awards
granted in covered year
2,175,966 566,557 8,290,901 861,936 2,926,000 1,120,473
Change in fair value of outstanding, unvested awards granted in prior years
754,689 508,625 4,390,700 3,835,174 443,227 35,118
Fair value as of vesting date for awards granted and vested in covered year
For awards granted in prior years that vest
in the fiscal year, the change in the fair
value from the end of the prior fiscal
year to the vesting date
(297,835) (500,958) 2,237,667 346,956 (122,619) (19,264)
For awards granted in prior years that are
determined to fail to meet the applicable
vesting conditions (i.e., are forfeited),
deduct the amount equal to the fair
value at the end of the prior fiscal year
(975,324) (86,755)
The amount of any dividends or other
earnings paid on equity awards in the
fiscal year prior to the vesting date that
is not otherwise reflected in the fair
value of such award or included in total
compensation for the covered fiscal year
493,676
Compensation Actually Paid
4,489,375 2,168,285 7,081,834 9,725,418 6,330,760 5,688,095 2,048,467
   
Compensation Actually Paid vs. Net Income [Text Block]
[MISSING IMAGE: bc_netincome-bw.jpg]
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
[MISSING IMAGE: bc_ebitda-bw.jpg]
   
Total Shareholder Return Vs Peer Group [Text Block]
[MISSING IMAGE: bc_peergroup-bw.jpg]
   
Tabular List [Table Text Block]
Financial Performance Measures
As discussed in the “Compensation Discussion and Analysis,” our executive compensation program and compensation decisions reflect the guiding principles of being linked to long-term performance and aligned with stockholder interests. The metrics used within our incentive plans are selected to support these objectives. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s named executive officers, for the most recently completed fiscal year, to the Company’s financial performance are as follows:
Performance Metrics
Adjusted EBITDA
Return on Working Capital
Total Shareholder Return
   
Total Shareholder Return Amount $ 540.76 728.21 222.51
Peer Group Total Shareholder Return Amount 131.98 187.59 126.06
Net Income (Loss) $ 296,176,000 $ 296,133,000 $ 80,882,000
Company Selected Measure Amount 477,742 464,071 170,394
PEO Name Dwight Gibson    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBITDA    
Non-GAAP Measure Description [Text Block]
(9)
Adjusted EBITDA is the most important financial performance measure used by the Company to link compensation actually paid to the PEO and non-PEO NEOs in 2022 to the Company’s performance. Adjusted EBITDA, a non-GAAP measure, is defined and described in “Compensation Discussion and Analysis”.
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Return on Working Capital    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Total Shareholder Return    
Dwight Gibson [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount $ 3,900,941 $ 5,283,864  
PEO Actually Paid Compensation Amount 4,489,375 9,725,418  
Dwight Gibson [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,044,386) (3,849,347)  
Dwight Gibson [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,175,966 8,290,901  
Dwight Gibson [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 754,689    
Dwight Gibson [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (297,835)    
Mitchell B. Lewis [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount   2,099,958 $ 3,339,487
PEO Actually Paid Compensation Amount   7,081,834 5,688,095
Mitchell B. Lewis [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   (671,167) (898,000)
Mitchell B. Lewis [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     2,926,000
Mitchell B. Lewis [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   4,390,700 443,227
Mitchell B. Lewis [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   2,237,667 (122,619)
Mitchell B. Lewis [Member] | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   (975,324)  
Non-PEO NEO [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,156,541) (400,185) (324,810)
Non-PEO NEO [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 566,557 861,936 1,120,473
Non-PEO NEO [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 508,625 3,835,174 35,118
Non-PEO NEO [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (500,958) $ 346,956 (19,264)
Non-PEO NEO [Member] | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     $ (86,755)
Non-PEO NEO [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 493,676