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Pay vs Performance Disclosure - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 20, 2023
Dec. 31, 2023
Dec. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table    
PAY VERSUS PERFORMANCE
The table set forth below reports, for the past four fiscal years, (i) the compensation of our Principal Executive Officer (PEO), and the average compensation of our other named executive officers (our Non- PEO NEOs), (ii) the “compensation actually paid” to our PEO, and the average of the “compensation actually paid” to our Non-PEO NEOs, each as calculated pursuant to SEC rules, and (iii) certain performance measures required by SEC rules. The table reflects compensation amounts for 3 PEOs: the “3rd PEO”, Mitchell B. Lewis, retired as our President and Chief Executive Officer, effective June 7, 2021; the “2nd PEO”, Dwight Gibson, resigned as our President and Chief Executive Officer, effective March 21, 2023; and the “1st PEO”, Shyam Reddy, was appointed as our President and Chief Executive Officer on March 21, 2023.
Year
Summary
Comp.
Table Total
for
1st PEO
($)
(1)
Summary
Comp.
Table Total
for
2nd PEO
($)
(1)
Summary
Comp.
Table Total
for
3rd PEO
($)
(1)
Comp.
Actually
Paid to
1st PEO
($)
(2)(5)
Comp.
Actually
Paid to
2nd PEO
($)
(2)(5)
Comp.
Actual
Paid to
3rd PEO
($)
(2)(5)
Average
Summary
Comp. Table
Total for
Non-PEO
NEOs
($)
(3)
Average
Comp.
Actually
Paid to
Non-PEO
NEOs
($)
(4)
Value of
Initial Fixed
$100 Investment
Based on:
Net Income
(000’s)
($)
(8)
Adj.
EBITDA
(000’s)
($)
(9)
BX
CTSR
($)
(6)
Peer
Group
TSR
($)
(7)
(a)
(b)
(b)
(b)
(c)
(c)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2023 4,908,519 2,848,832 5,754,555 3,354,504 1,308,091 715,233 861.67 209.27 48,536 182,804
2022 3,900,941 4,489,375 2,256,926 2,168,285 540.76 131.98 296,176 477,742
2021 5,283,864 2,099,958 9,725,418 7,081,834 1,686,879 6,330,760 728.21 187.59 296,133 464,071
2020 3,339,487 5,688,095 1,323,705 2,048,467 222.51 126.06 80,882 170,394
(1)
Reflects compensation amounts reported in the Summary Compensation Table for each PEO.
(2)
Reflects “compensation actually paid” to Messrs. Lewis, Gibson and Reddy, respectively, calculated in accordance with SEC rules, which does not reflect compensation actually earned, realized or received by Messrs. Lewis, Gibson or Reddy.
(3)
Reflects the average of the compensation amounts reported in the Summary Compensation Table for our non-PEO NEOs for the respective years shown. The following non-PEO NEOs are included in the average figures shown:
2020: Alexander Averitt, Kelly Janzen, Susan O’Farrell
2021: Kelly Janzen, Shyam Reddy
2022: Kelly Janzen, Shyam Reddy, Kevin A. Henry
2023: Kelly Janzen, Kevin A. Henry, Tricia Kinney, Andrew Wamser
(4)
Reflects the average “compensation actually paid” to our non-PEO NEOs, calculated in accordance with SEC rules, which does not reflect compensation actually earned, realized or received by our non- PEO NEOs.
(5)
In accordance with SEC rules, the following adjustments were made to the total compensation of the 1st PEO and 2nd PEO for fiscal 2023 to determine their “compensation actually paid” and to the average total compensation of our non-PEO NEOs for fiscal 2023 to determine their average “compensation actually paid.” Prior fiscal years adjustments are disclosed in fiscal 2022, “Pay vs. Performance,” footnote 5. According to SEC guidance (128D.03), subsequent tables generally present only the most recent fiscal year unless material to an understanding of the table and relationships for the most recent fiscal year.
1st PEO ($)
2nd PEO ($)
Average for
Non-PEO
NEOs (S)
(10)
Summary Compensation Table (SCT)
4,908,519 2,848,832 1,308,091
Adjustments
Less: Grant-date fair value of equity award amounts reported in SCT for covered year
(3,380,390) (841,041)
Plus: Year-end fair value of equity awards granted in covered year
3,678,949 632,213
Change in fair value of outstanding, unvested awards granted in prior years
163,736 645,660
Fair value as of vesting date for awards granted and vested in covered year
383,741
For awards granted in prior years that vest in the fiscal year, the change in fair value from the end of the prior fiscal year to the vesting date
(139,988) 109,136
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
(493,166)
Compensation Actually Paid
5,754,555 3,354,504 715,233
(6)
For the relevant fiscal year, represents the cumulative total shareholder return (“TSR”) of the Company for the measurement periods ended on each of December 30, 2023, 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 ended on each of December 30, 2023, 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 Report on Form 10-K for each of the fiscal years ended December 30, 2023, 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 fiscal 2023 to the Company’s performance. Adjusted EBITDA, a non-GAAP measure, is defined and described in “Compensation Discussion and Analysis.”
(10)
Mr. Henry is also included in the calculation even though he did not receive equity awards in fiscal 2023.
     
Company Selected Measure Name     Adj. EBITDA      
Named Executive Officers, Footnote    
(2)
Reflects “compensation actually paid” to Messrs. Lewis, Gibson and Reddy, respectively, calculated in accordance with SEC rules, which does not reflect compensation actually earned, realized or received by Messrs. Lewis, Gibson or Reddy.
(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 A. Henry
2023: Kelly Janzen, Kevin A. Henry, Tricia Kinney, Andrew Wamser
     
Peer Group Issuers, Footnote    
(7)
For the relevant fiscal year, represents the cumulative total shareholder return of the S&P 600 Building Products Index for the measurement periods ended on each of December 30, 2023, 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    
(5)
In accordance with SEC rules, the following adjustments were made to the total compensation of the 1st PEO and 2nd PEO for fiscal 2023 to determine their “compensation actually paid” and to the average total compensation of our non-PEO NEOs for fiscal 2023 to determine their average “compensation actually paid.” Prior fiscal years adjustments are disclosed in fiscal 2022, “Pay vs. Performance,” footnote 5. According to SEC guidance (128D.03), subsequent tables generally present only the most recent fiscal year unless material to an understanding of the table and relationships for the most recent fiscal year.
1st PEO ($)
2nd PEO ($)
Average for
Non-PEO
NEOs (S)
(10)
Summary Compensation Table (SCT)
4,908,519 2,848,832 1,308,091
Adjustments
Less: Grant-date fair value of equity award amounts reported in SCT for covered year
(3,380,390) (841,041)
Plus: Year-end fair value of equity awards granted in covered year
3,678,949 632,213
Change in fair value of outstanding, unvested awards granted in prior years
163,736 645,660
Fair value as of vesting date for awards granted and vested in covered year
383,741
For awards granted in prior years that vest in the fiscal year, the change in fair value from the end of the prior fiscal year to the vesting date
(139,988) 109,136
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
(493,166)
Compensation Actually Paid
5,754,555 3,354,504 715,233
(10)
Mr. Henry is also included in the calculation even though he did not receive equity awards in fiscal 2023.
     
Non-PEO NEO Average Total Compensation Amount     $ 1,308,091 $ 2,256,926 $ 1,686,879 $ 1,323,705
Non-PEO NEO Average Compensation Actually Paid Amount     $ 715,233 2,168,285 6,330,760 2,048,467
Adjustment to Non-PEO NEO Compensation Footnote    
(5)
In accordance with SEC rules, the following adjustments were made to the total compensation of the 1st PEO and 2nd PEO for fiscal 2023 to determine their “compensation actually paid” and to the average total compensation of our non-PEO NEOs for fiscal 2023 to determine their average “compensation actually paid.” Prior fiscal years adjustments are disclosed in fiscal 2022, “Pay vs. Performance,” footnote 5. According to SEC guidance (128D.03), subsequent tables generally present only the most recent fiscal year unless material to an understanding of the table and relationships for the most recent fiscal year.
1st PEO ($)
2nd PEO ($)
Average for
Non-PEO
NEOs (S)
(10)
Summary Compensation Table (SCT)
4,908,519 2,848,832 1,308,091
Adjustments
Less: Grant-date fair value of equity award amounts reported in SCT for covered year
(3,380,390) (841,041)
Plus: Year-end fair value of equity awards granted in covered year
3,678,949 632,213
Change in fair value of outstanding, unvested awards granted in prior years
163,736 645,660
Fair value as of vesting date for awards granted and vested in covered year
383,741
For awards granted in prior years that vest in the fiscal year, the change in fair value from the end of the prior fiscal year to the vesting date
(139,988) 109,136
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
(493,166)
Compensation Actually Paid
5,754,555 3,354,504 715,233
(10)
Mr. Henry is also included in the calculation even though he did not receive equity awards in fiscal 2023.
     
Compensation Actually Paid vs. Total Shareholder Return     [MISSING IMAGE: bc_peergroup-4clr.jpg]      
Compensation Actually Paid vs. Net Income    
[MISSING IMAGE: bc_netincome-4c.jpg]
     
Compensation Actually Paid vs. Company Selected Measure    
[MISSING IMAGE: bc_ebitda-4clr.jpg]
     
Total Shareholder Return Vs Peer Group     [MISSING IMAGE: bc_peergroup-4clr.jpg]      
Tabular List, Table    
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     $ 861.67 540.76 728.21 222.51
Peer Group Total Shareholder Return Amount     209.27 131.98 187.59 126.06
Net Income (Loss)     $ 48,536,000 $ 296,176,000 $ 296,133,000 $ 80,882,000
Company Selected Measure Amount     182,804,000 477,742,000 464,071,000 170,394,000
PEO Name Dwight Gibson Shyam Reddy        
Measure:: 1            
Pay vs Performance Disclosure            
Name     Adjusted EBITDA      
Non-GAAP Measure Description    
(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 fiscal 2023 to the Company’s performance. Adjusted EBITDA, a non-GAAP measure, is defined and described in “Compensation Discussion and Analysis.
     
Measure:: 2            
Pay vs Performance Disclosure            
Name     Return on Working Capital      
Measure:: 3            
Pay vs Performance Disclosure            
Name     Total Shareholder Return      
Shyam Reddy [Member}            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     $ 4,908,519
PEO Actually Paid Compensation Amount     5,754,555
Dwight Gibson [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     2,848,832 3,900,941 5,283,864
PEO Actually Paid Compensation Amount     3,354,504 4,489,375 9,725,418
Mitchell B. Lewis [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     2,099,958 3,339,487
PEO Actually Paid Compensation Amount     $ 7,081,834 $ 5,688,095
PEO | Shyam Reddy [Member} | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (3,380,390)      
PEO | Shyam Reddy [Member} | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     3,678,949      
PEO | Shyam Reddy [Member} | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     163,736      
PEO | Shyam Reddy [Member} | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     383,741      
PEO | Shyam Reddy [Member} | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount          
PEO | Shyam Reddy [Member} | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount          
PEO | Dwight Gibson [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount          
PEO | Dwight Gibson [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount          
PEO | Dwight Gibson [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     645,660      
PEO | Dwight Gibson [Member] | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount          
PEO | Dwight Gibson [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (139,988)      
PEO | Dwight Gibson [Member] | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount          
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (841,041)      
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     632,213      
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount          
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount          
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     109,136      
Non-PEO NEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     $ (493,166)