XML 19 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance Table
The SEC has adopted rules (as required by the Dodd-Frank Act) requiring disclosure of the relationship between the executive compensation actually paid and the financial performance of the Company. The below table outlines, in addition to the amounts listed in the Company’s Summary Compensation Table, the total Compensation Actually Paid (CAP) for the principal executive officer (CEO), which is the Company’s Chief Executive Officer, and the average of the total compensation actually paid for the Non-CEO Named Executive Officers (NEOs), which are the Company’s Chief Financial Officer, Chief Operating Officer, SVP and General Counsel, and SVP—Corporate Development, for the year as indicated. Additionally, the table includes the Company-Selected Measure of Adjusted EBITDA, as defined and described in more detail below.
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Value of Initial Fixed
$100 Investment Based On:
​ ​ ​ ​ ​ ​ ​ ​
Company-
Selected
Measure:
Adjusted
EBITDA
(in $000’s)(h)
​
Year(a)
​ ​
Summary
Compensation
Table Total for
CEO(b)
​ ​
Compensation
Actually
Paid to
CEO(c)
​ ​
Average
Summary
Compensation
Table Total
for Non-CEO
NEOs(d)
​ ​
Average
Compensation
Actually
Paid to Non-CEO
NEOs(c)(e)
​ ​
Total
Shareholder
Return ($)(f)
​ ​
Peer
Group
Total
Shareholder
Return ($)(g)
​ ​
Net
Income (Loss)
(in $000’s)
​
2023
​ ​ ​ ​ 3,581,890 ​ ​ ​ ​ ​ 2,736,645 ​ ​ ​ ​ ​ 1,319,997 ​ ​ ​ ​ ​ 956,198 ​ ​ ​ ​ ​ 75.35 ​ ​ ​ ​ ​ 64.83 ​ ​ ​ ​ ​ (18,754) ​ ​ ​ ​ ​ 189,451 ​ ​
2022
​ ​ ​ ​ 3,231,728 ​ ​ ​ ​ ​ 3,169,382 ​ ​ ​ ​ ​ 1,322,398 ​ ​ ​ ​ ​ 1,365,456 ​ ​ ​ ​ ​ 85.56 ​ ​ ​ ​ ​ 68.80 ​ ​ ​ ​ ​ (7,583) ​ ​ ​ ​ ​ 172,688 ​ ​
2021
​ ​ ​ ​ 3,379,850 ​ ​ ​ ​ ​ 2,516,463 ​ ​ ​ ​ ​ 1,097,723 ​ ​ ​ ​ ​ 855,318 ​ ​ ​ ​ ​ 74.18 ​ ​ ​ ​ ​ 112.20 ​ ​ ​ ​ ​ (20,809) ​ ​ ​ ​ ​ 135,628 ​ ​
2020
​ ​ ​ ​ 2,653,940 ​ ​ ​ ​ ​ 1,644,678 ​ ​ ​ ​ ​ 908,400 ​ ​ ​ ​ ​ 666,894 ​ ​ ​ ​ ​ 76.38 ​ ​ ​ ​ ​ 109.42 ​ ​ ​ ​ ​ (708) ​ ​ ​ ​ ​ 126,615 ​ ​
​
(a)
Each year is from January 1—December 31 of the indicated year.
​
(b)
The dollar amounts reported are the amounts of total compensation reported for our CEO through 2023, Mr. Prior, in the Summary Compensation Table (SCT) for fiscal years 2023, 2022, 2021, and 2020.
​
(c)
The dollar amounts do not reflect the actual amounts of compensation paid to or received by our CEO or other NEOs during the applicable year, but rather are “Compensation Actually Paid” as such term is defined under applicable SEC rules. The amounts include the year-end value of equity awards granted during the reported year and the change in the value of equity awards, granted in previous years, that were unvested at the end of the prior year, measured through the date the awards vested or were forfeited, or through the end of the reported fiscal year.
​
(d)
For 2023 and 2022, reflects compensation information for Messrs. Benincasa, Martin, and Leon, and Ms. Mabey. For 2021 and 2020, reflects compensation information for Messrs. Benincasa, Martin, and Kreisher, and Ms. Mabey.
​
(e)
For 2023 and 2022, reflects compensation information for Messrs. Benincasa, Martin, and Leon, and Ms. Mabey. For 2021 and 2020, reflects compensation information for Messrs. Benincasa, Martin, Ms. Mabey and for William F. Kreisher, the Company’s former SVP, Corporate Development. Mr. Kreisher ceased serving as an executive officer on January 15, 2021.
​
(f)
Calculated as cumulative total shareholder return as if $100 was invested in Company common stock on December 31, 2019 measured through the end of the applicable year.
​
(g)
Calculated as cumulative total shareholder return as if $100 was invested in the Nasdaq Small Cap Telecommunications Services index on December 31, 2019 measured through the end of the applicable year.
​
(h)
To more closely align with similar calculations presented by companies in its industry, beginning in 2023, the Company excluded non-cash stock-based compensation in its adjustment to derive Adjusted EBITDA. Prior periods have been restated to confirm to this definition change.
​
Year
​ ​
Executive
​ ​
Summary
Compensation
Table Total
​ ​
Less: Stock
Awards
​ ​
Add: Year
End Equity
Value
of awards
granted
during the
reported
year
​ ​
Change
(from last
day of prior
year to last
day of
reported
year) in
Value of
Prior
Equity
Awards
​ ​
Change
(from last
day of prior
year to last
day of
reported
year) in
Value of
Vested
Equity
Awards
​ ​
Compensation
Actually
Paid
​
2023
​ ​
CEO
​ ​ ​ ​ 3,581,890 ​ ​ ​ ​ ​ (2,126,000) ​ ​ ​ ​ ​ 1,995,000 ​ ​ ​ ​ ​ (591,262) ​ ​ ​ ​ ​ (122,983) ​ ​ ​ ​ ​ 2,736,645 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 1,319,997 ​ ​ ​ ​ ​ (724,966) ​ ​ ​ ​ ​ 680,295 ​ ​ ​ ​ ​ (172,072) ​ ​ ​ ​ ​ (147,057) ​ ​ ​ ​ ​ 956,198 ​ ​
2022
​ ​
CEO
​ ​ ​ ​ 3,231,728 ​ ​ ​ ​ ​ (1,852,208) ​ ​ ​ ​ ​ 2,254,395 ​ ​ ​ ​ ​ (338,571) ​ ​ ​ ​ ​ (125,963) ​ ​ ​ ​ ​ 3,169,382 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 1,322,398 ​ ​ ​ ​ ​ (755,563) ​ ​ ​ ​ ​ 919,625 ​ ​ ​ ​ ​ (93,459) ​ ​ ​ ​ ​ (27,545) ​ ​ ​ ​ ​ 1,365,456 ​ ​
2021
​ ​
CEO
​ ​ ​ ​ 3,379,850 ​ ​ ​ ​ ​ (2,132,370) ​ ​ ​ ​ ​ 1,605,470 ​ ​ ​ ​ ​ (581,545) ​ ​ ​ ​ ​ 245,058 ​ ​ ​ ​ ​ 2,516,463 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 1,097,723 ​ ​ ​ ​ ​ (597,951) ​ ​ ​ ​ ​ 451,611 ​ ​ ​ ​ ​ (154,914) ​ ​ ​ ​ ​ 58,849 ​ ​ ​ ​ ​ 855,318 ​ ​
2020
​ ​
CEO
​ ​ ​ ​ 2,653,940 ​ ​ ​ ​ ​ (1,405,555) ​ ​ ​ ​ ​ 1,137,960 ​ ​ ​ ​ ​ (677,183) ​ ​ ​ ​ ​ (64,484) ​ ​ ​ ​ ​ 1,644,678 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 908,400 ​ ​ ​ ​ ​ (403,908) ​ ​ ​ ​ ​ 326,354 ​ ​ ​ ​ ​ (155,763) ​ ​ ​ ​ ​ (8,189) ​ ​ ​ ​ ​ 666,894 ​ ​
​
(1)
The dollar amounts shown are average amounts for all NEOs other than the CEO.
​
The Board currently considers Adjusted EBITDA to be the most important financial performance measure used to link CAP of the CEO and Non-CEO NEOs to Company performance. The Company had historically defined Adjusted EBITDA as operating income (loss) before depreciation and amortization expense, transaction-related charges, one-time impairment or special charges and the gain (loss) on disposition of assets. In order to more closely align with similar calculations presented by companies in its industry, beginning with its 2023 financial results, the Company has also excluded non-cash stock-based compensation in its adjustment to derive Adjusted EBITDA and, as such, has restated its adjusted EBITDA for 2022 and 2021. The Company regularly reports on this metric to investors in its quarterly earnings releases and believes that the inclusion of these non-GAAP financial measures (and the associated reconciliations to the nearest GAAP financial measures) helps investors gain a meaningful understanding of the Company’s core operating results and enhances the usefulness of comparing such performance with prior periods. Accordingly, the Board considers Adjusted EBITDA as the best measure to track both Company performance as well as align executive compensation to such performance.
     
Company Selected Measure Name Adjusted EBITDA      
Named Executive Officers, Footnote
(b)
The dollar amounts reported are the amounts of total compensation reported for our CEO through 2023, Mr. Prior, in the Summary Compensation Table (SCT) for fiscal years 2023, 2022, 2021, and 2020.
(d)
For 2023 and 2022, reflects compensation information for Messrs. Benincasa, Martin, and Leon, and Ms. Mabey. For 2021 and 2020, reflects compensation information for Messrs. Benincasa, Martin, and Kreisher, and Ms. Mabey.
(e)
For 2023 and 2022, reflects compensation information for Messrs. Benincasa, Martin, and Leon, and Ms. Mabey. For 2021 and 2020, reflects compensation information for Messrs. Benincasa, Martin, Ms. Mabey and for William F. Kreisher, the Company’s former SVP, Corporate Development. Mr. Kreisher ceased serving as an executive officer on January 15, 2021.
     
Peer Group Issuers, Footnote
(g)
Calculated as cumulative total shareholder return as if $100 was invested in the Nasdaq Small Cap Telecommunications Services index on December 31, 2019 measured through the end of the applicable year.
     
PEO Total Compensation Amount $ 3,581,890 $ 3,231,728 $ 3,379,850 $ 2,653,940
PEO Actually Paid Compensation Amount $ 2,736,645 3,169,382 2,516,463 1,644,678
Adjustment To PEO Compensation, Footnote
Year
​ ​
Executive
​ ​
Summary
Compensation
Table Total
​ ​
Less: Stock
Awards
​ ​
Add: Year
End Equity
Value
of awards
granted
during the
reported
year
​ ​
Change
(from last
day of prior
year to last
day of
reported
year) in
Value of
Prior
Equity
Awards
​ ​
Change
(from last
day of prior
year to last
day of
reported
year) in
Value of
Vested
Equity
Awards
​ ​
Compensation
Actually
Paid
​
2023
​ ​
CEO
​ ​ ​ ​ 3,581,890 ​ ​ ​ ​ ​ (2,126,000) ​ ​ ​ ​ ​ 1,995,000 ​ ​ ​ ​ ​ (591,262) ​ ​ ​ ​ ​ (122,983) ​ ​ ​ ​ ​ 2,736,645 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 1,319,997 ​ ​ ​ ​ ​ (724,966) ​ ​ ​ ​ ​ 680,295 ​ ​ ​ ​ ​ (172,072) ​ ​ ​ ​ ​ (147,057) ​ ​ ​ ​ ​ 956,198 ​ ​
2022
​ ​
CEO
​ ​ ​ ​ 3,231,728 ​ ​ ​ ​ ​ (1,852,208) ​ ​ ​ ​ ​ 2,254,395 ​ ​ ​ ​ ​ (338,571) ​ ​ ​ ​ ​ (125,963) ​ ​ ​ ​ ​ 3,169,382 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 1,322,398 ​ ​ ​ ​ ​ (755,563) ​ ​ ​ ​ ​ 919,625 ​ ​ ​ ​ ​ (93,459) ​ ​ ​ ​ ​ (27,545) ​ ​ ​ ​ ​ 1,365,456 ​ ​
2021
​ ​
CEO
​ ​ ​ ​ 3,379,850 ​ ​ ​ ​ ​ (2,132,370) ​ ​ ​ ​ ​ 1,605,470 ​ ​ ​ ​ ​ (581,545) ​ ​ ​ ​ ​ 245,058 ​ ​ ​ ​ ​ 2,516,463 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 1,097,723 ​ ​ ​ ​ ​ (597,951) ​ ​ ​ ​ ​ 451,611 ​ ​ ​ ​ ​ (154,914) ​ ​ ​ ​ ​ 58,849 ​ ​ ​ ​ ​ 855,318 ​ ​
2020
​ ​
CEO
​ ​ ​ ​ 2,653,940 ​ ​ ​ ​ ​ (1,405,555) ​ ​ ​ ​ ​ 1,137,960 ​ ​ ​ ​ ​ (677,183) ​ ​ ​ ​ ​ (64,484) ​ ​ ​ ​ ​ 1,644,678 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 908,400 ​ ​ ​ ​ ​ (403,908) ​ ​ ​ ​ ​ 326,354 ​ ​ ​ ​ ​ (155,763) ​ ​ ​ ​ ​ (8,189) ​ ​ ​ ​ ​ 666,894 ​ ​
     
Non-PEO NEO Average Total Compensation Amount $ 1,319,997 1,322,398 1,097,723 908,400
Non-PEO NEO Average Compensation Actually Paid Amount $ 956,198 1,365,456 855,318 666,894
Adjustment to Non-PEO NEO Compensation Footnote
Year
​ ​
Executive
​ ​
Summary
Compensation
Table Total
​ ​
Less: Stock
Awards
​ ​
Add: Year
End Equity
Value
of awards
granted
during the
reported
year
​ ​
Change
(from last
day of prior
year to last
day of
reported
year) in
Value of
Prior
Equity
Awards
​ ​
Change
(from last
day of prior
year to last
day of
reported
year) in
Value of
Vested
Equity
Awards
​ ​
Compensation
Actually
Paid
​
2023
​ ​
CEO
​ ​ ​ ​ 3,581,890 ​ ​ ​ ​ ​ (2,126,000) ​ ​ ​ ​ ​ 1,995,000 ​ ​ ​ ​ ​ (591,262) ​ ​ ​ ​ ​ (122,983) ​ ​ ​ ​ ​ 2,736,645 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 1,319,997 ​ ​ ​ ​ ​ (724,966) ​ ​ ​ ​ ​ 680,295 ​ ​ ​ ​ ​ (172,072) ​ ​ ​ ​ ​ (147,057) ​ ​ ​ ​ ​ 956,198 ​ ​
2022
​ ​
CEO
​ ​ ​ ​ 3,231,728 ​ ​ ​ ​ ​ (1,852,208) ​ ​ ​ ​ ​ 2,254,395 ​ ​ ​ ​ ​ (338,571) ​ ​ ​ ​ ​ (125,963) ​ ​ ​ ​ ​ 3,169,382 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 1,322,398 ​ ​ ​ ​ ​ (755,563) ​ ​ ​ ​ ​ 919,625 ​ ​ ​ ​ ​ (93,459) ​ ​ ​ ​ ​ (27,545) ​ ​ ​ ​ ​ 1,365,456 ​ ​
2021
​ ​
CEO
​ ​ ​ ​ 3,379,850 ​ ​ ​ ​ ​ (2,132,370) ​ ​ ​ ​ ​ 1,605,470 ​ ​ ​ ​ ​ (581,545) ​ ​ ​ ​ ​ 245,058 ​ ​ ​ ​ ​ 2,516,463 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 1,097,723 ​ ​ ​ ​ ​ (597,951) ​ ​ ​ ​ ​ 451,611 ​ ​ ​ ​ ​ (154,914) ​ ​ ​ ​ ​ 58,849 ​ ​ ​ ​ ​ 855,318 ​ ​
2020
​ ​
CEO
​ ​ ​ ​ 2,653,940 ​ ​ ​ ​ ​ (1,405,555) ​ ​ ​ ​ ​ 1,137,960 ​ ​ ​ ​ ​ (677,183) ​ ​ ​ ​ ​ (64,484) ​ ​ ​ ​ ​ 1,644,678 ​ ​
​ Other NEOs(1) ​ ​ ​ ​ 908,400 ​ ​ ​ ​ ​ (403,908) ​ ​ ​ ​ ​ 326,354 ​ ​ ​ ​ ​ (155,763) ​ ​ ​ ​ ​ (8,189) ​ ​ ​ ​ ​ 666,894 ​ ​
(1)
The dollar amounts shown are average amounts for all NEOs other than the CEO.
     
Compensation Actually Paid vs. Total Shareholder Return
[MISSING IMAGE: bc_shareholder-4clr.jpg]
     
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netloss-4clr.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_ebitda-4clr.jpg]
     
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_shareholder-4clr.jpg]      
Tabular List, Table
Tabular List of Important Financial Performance Measures
In addition to Adjusted EBITDA, the various metrics and other factors that the Compensation Committee considers in making executive compensation awards on an annual basis are described yearly in greater detail in “Executive Compensation—Compensation Discussion and Analysis.” The items listed below represent the most important measures the Company is currently using to link executive compensation actually paid to the Company’s actual performance, particularly cash bonus payment awards:
Adjusted EBITDA
Revenue
High speed data subscribers
International mobile subscribers
     
Total Shareholder Return Amount $ 75.35 85.56 74.18 76.38
Peer Group Total Shareholder Return Amount 64.83 68.8 112.2 109.42
Net Income (Loss) $ (18,754,000) $ (7,583,000) $ (20,809,000) $ (708,000)
Company Selected Measure Amount 189,451,000 172,688,000 135,628,000 126,615,000
PEO Name Mr. Prior      
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Non-GAAP Measure Description
(h)
To more closely align with similar calculations presented by companies in its industry, beginning in 2023, the Company excluded non-cash stock-based compensation in its adjustment to derive Adjusted EBITDA. Prior periods have been restated to confirm to this definition change.
​
      
Measure:: 2        
Pay vs Performance Disclosure        
Name Revenue      
Measure:: 3        
Pay vs Performance Disclosure        
Name High speed data subscribers      
Measure:: 4        
Pay vs Performance Disclosure        
Name International mobile subscribers      
PEO | Stock Awards        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (2,126,000) $ (1,852,208) $ (2,132,370) $ (1,405,555)
PEO | Year End Equity Value of awards granted during the reported year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,995,000 2,254,395 1,605,470 1,137,960
PEO | Change (from last day of prior year to last day of reported year) in Value of Prior Equity Awards        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (591,262) (338,571) (581,545) (677,183)
PEO | Change (from last day of prior year to last day of reported year) in Value of Vested Equity Awards        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (122,983) (125,963) 245,058 (64,484)
Non-PEO NEO | Stock Awards        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (724,966) (755,563) (597,951) (403,908)
Non-PEO NEO | Year End Equity Value of awards granted during the reported year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 680,295 919,625 451,611 326,354
Non-PEO NEO | Change (from last day of prior year to last day of reported year) in Value of Prior Equity Awards        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (172,072) (93,459) (154,914) (8,189)
Non-PEO NEO | Change (from last day of prior year to last day of reported year) in Value of Vested Equity Awards        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (147,057) $ (27,545) $ 58,849 $ (155,763)