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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
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, which is the Company’s Chief Executive Officer (CEO), and the average of the total compensation actually paid for the Non-CEO Named Executive Officers (NEOs), which are the Company’s Executive Chairman, Chief Financial Officer, Senior Vice President and General Counsel, and Senior Vice President, 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. For information concerning the Company’s compensation philosophy and how the Company aligns executive compensation with financial performance, refer to the Compensation Discussion and Analysis section beginning on page 27.
Value of Initial Fixed
$100 Investment Based On:
Year(a)
Summary
Compensation
Table Total for
CEO(b)
Compensation
Actually
Paid to
CEO(c)
Average
Summary
Compensation
Table Total
for Non-CEO
NEOs(d)
Average
Compensation
Actually Paid to
Non-CEO
NEOs(c)(e)
Total
Shareholder
Return ($)
Peer
Group
Total
Shareholder
Return ($)
Net
Income
(Loss)
(in $000’s)
Company-
Selected
Measure:
Adjusted
EBITDA
(in $000’s)
2024
2,204,737 73,608 1,163,579 87,894 33.82 78.87 (31,852) 184,084
2023
3,581,890 2,736,645 1,319,997 956,198 75.35 65.02 (18,754) 189,451
2022
3,231,728 3,169,382 1,322,398 1,365,456 85.56 68.88 (7,583) 172,688
2021
3,379,850 2,516,463 1,097,723 855,318 74.18 111.88 (20,809) 135,628
2020
2,653,940 1,644,678 908,400 666,894 76.38 109.35 (708) 126,615
(a)
Each year is from January 1—December 31 of the indicated year.
(b)
The dollar amount reported for the fiscal year 2024 is the amount of total compensation reported for our CEO, Mr. Martin, in the Summary Compensation Table (SCT). The dollar amounts reported for fiscal years 2023, 2022, 2021 and 2020 are the amounts of total compensation reported for our CEO, Mr. Prior, in the SCT.
(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. See below for calculation of CAP to the CEO and Non-CEO NEOs. For 2024, our Non-CEO NEOs were Messrs. Doglioli, Leon and Prior and, Ms. Mabey. For 2023 and 2022, our Non-CEO NEOs were Messrs. Benincasa, Leon and Martin and, Ms. Mabey. For 2021 and 2020, our Non-CEO NEOs were Messrs. Benincasa, Kreisher and Martin, and Ms. Mabey.
(d)
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.
(e)
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.
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
2024
CEO
2,204,737 (1,461,322) 608,377 (1,175,482) (102,703) 73,608
Other NEOs(1) 1,163,579 (689,509) 189,752 (459,995) (115,932) 87,894
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 NEO’s 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, non-cash stock-based compensation and the gain (loss) on disposition of assets. 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 amount reported for the fiscal year 2024 is the amount of total compensation reported for our CEO, Mr. Martin, in the Summary Compensation Table (SCT). The dollar amounts reported for fiscal years 2023, 2022, 2021 and 2020 are the amounts of total compensation reported for our CEO, Mr. Prior, in the SCT.
(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. See below for calculation of CAP to the CEO and Non-CEO NEOs. For 2024, our Non-CEO NEOs were Messrs. Doglioli, Leon and Prior and, Ms. Mabey. For 2023 and 2022, our Non-CEO NEOs were Messrs. Benincasa, Leon and Martin and, Ms. Mabey. For 2021 and 2020, our Non-CEO NEOs were Messrs. Benincasa, Kreisher and Martin, and Ms. Mabey.
       
Peer Group Issuers, Footnote
(e)
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 $ 2,204,737 $ 3,581,890 $ 3,231,728 $ 3,379,850 $ 2,653,940
PEO Actually Paid Compensation Amount $ 73,608 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
2024
CEO
2,204,737 (1,461,322) 608,377 (1,175,482) (102,703) 73,608
Other NEOs(1) 1,163,579 (689,509) 189,752 (459,995) (115,932) 87,894
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 $ 1,163,579 1,319,997 1,322,398 1,097,723 908,400
Non-PEO NEO Average Compensation Actually Paid Amount $ 87,894 956,198 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
2024
CEO
2,204,737 (1,461,322) 608,377 (1,175,482) (102,703) 73,608
Other NEOs(1) 1,163,579 (689,509) 189,752 (459,995) (115,932) 87,894
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 NEO’s 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
Adjusted EBITDA
Revenue
High speed data subscribers
International mobile subscribers
       
Total Shareholder Return Amount $ 33.82 75.35 85.56 74.18 76.38
Peer Group Total Shareholder Return Amount 78.87 65.02 68.88 111.88 109.35
Net Income (Loss) $ (31,852,000) $ (18,754,000) $ (7,583,000) $ (20,809,000) $ (708,000)
Company Selected Measure Amount 184,084,000 189,451,000 172,688,000 135,628,000 126,615,000
PEO Name Mr. Martin        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description
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, non-cash stock-based compensation and the gain (loss) on disposition of assets. 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.
       
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 | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,461,322) $ (2,126,000) $ (1,852,208) $ (2,132,370) $ (1,405,555)
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 608,377 1,995,000 2,254,395 1,605,470 1,137,960
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 (1,175,482) (591,262) (338,571) (581,545) (677,183)
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 (102,703) (122,983) (125,963) 245,058 (64,484)
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 (689,509) (724,966) (755,563) (597,951) (403,908)
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 189,752 680,295 919,625 451,611 326,354
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 (459,995) (172,072) (93,459) (154,914) (155,763)
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 $ (115,932) $ (147,057) $ (27,545) $ 58,849 $ (8,189)