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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company.
Year
Summary
Compensation
Table Total for
PEO Daniel
Peisert
(2)
Compensation
Actually Paid to
PEO Daniel
Peisert
(3)
Summary
Compensation
Table Total for
PEO Heather
Mason
(2)
Compensation
Actually Paid to
PEO Heather
Mason
(3)
Summary
Compensation
Table Total for
PEO Brendan
O’Grady
(2)
Compensation
Actually Paid to
PEO Brendan
O’Grady
(3)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
(4)
Average
Compensation
Actually Paid
to Non-PEO
NEOs
(5)
Value of
Initial Fixed
$100
Investment
Based On
Total
Shareholder
Return
(6)
Net Income
(Loss)
(7)
(in thousands)
2024 $ 618,613 $ 391,713 $ 1,077,984 $ 852,219 $ 3,012,703 $ 2,569,793 $ 942,579 $ 744,973 $ 40 $ (21,581)
2023 $ 3,263,989 $ (3,632,048) N/A N/A N/A N/A $ 1,072,697 $ (1,186,801) $ 49 $ (331,942)
2022 $ 5,993,818 $ 10,805,836 N/A N/A N/A N/A $ 2,118,886 $ 3,643,883 $ 197 $ 109,625
(1)
The following table shows the principal executive officer(s) (PEO(s)) and Non-PEO NEOs for each of 2024, 2023 and 2022:
Year
PEO
Non-PEO NEOs
2024
Brendan P. O’Grady, Heather L. Mason, Daniel A. Peisert
Ajay Patel, Paul Schwichtenberg
2023 Daniel A. Peisert
Ajay Patel, Paul Schwichtenberg
2022 Daniel A. Peisert
Paul Schwichtenberg, Ajay Patel
(2)
The dollar amounts reported are the amounts of total compensation reported in our Summary Compensation Table.
(3)
The dollar amounts reported represent the amount of “compensation actually paid”, as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with SEC rules, the following adjustments were made to total compensation to determine the compensation actually paid for the year ended December 31, 2024:
Reported
Summary
Compensation
Table Total
for PEO
Deduct
Reported
Value of
Equity
Awards
(a)
Add (Deduct)
Equity
Award
Adjustments
(b)
Compensation
Actually Paid
to PEO
Brendan P. O’Grady
$ 3,012,703 $ 2,082,420 $ 1,639,510 $ 2,569,793
Heather L. Mason
$ 1,077,984 $ 551,980 $ 326,215 $ 852,219
Daniel A. Peisert
$ 618,613 $ $ (226,900) $ 391,713
(a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
(b)
The equity award adjustments for the applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year.
The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments for the year ended December 31, 2024, are as follows:
PEO
Year End
Fair Value
of Equity
Awards
Granted in
the Year
and Unvested
at Year End
Year over
Year Change
in Fair
Value of
Outstanding
and Unvested
Equity Awards
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted
and
Vested in
the Year
Change
in Fair Value
from End of
Prior Year to
Vesting Date
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
Fair Value
at the End
of the Prior
Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
Value of
Dividends
or other
Earnings
Paid on
Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value
Total
Equity
Award
Adjustments
Brendan P. O’Grady
$ 1,639,510 $   — $   — $   — $   — $   — $ 1,639,510
Heather L. Mason
$ 1,048 $   — $ 332,889 $ (7,722) $   — $   — $ 326,215
Daniel A. Peisert
$   — $   — $   — $ 220,012 $ (446,912) $   — $ (226,900)
(4)
The dollar amounts reported represent the average of the amounts reported for the Company’s NEOs as a group (excluding our CEOs) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding our CEOs) included for purposes of calculating the average amounts in each applicable year are as follows for 2024, 2023 and 2022, Ajay Patel and Paul Schwichtenberg.
(5)
The dollar amounts reported represent the average amount of “compensation actually paid” to the NEOs as a group (excluding our CEOs), as computed in accordance with SEC rules. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding our CEOs) during the applicable year. In accordance with the SEC rules, the following adjustments were made to average total compensation for the NEOs as a group (excluding our CEOs) for the applicable year to determine the compensation actually paid, using the same methodology described above in Note 2:
Year
Average
Reported Summary
Compensation Table
Total for Non-PEO
NEOs
Deduct
Average
Reported
Value of Equity
Awards
Add (Deduct)
Average Equity
Award
Adjustments
(a)
Average
Compensation
Actually Paid to
Non-PEO NEOs
2024
$ 942,579 $ 298,979 $ 101,373 $ 744,973
a.
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
Year
Average
Year End
Fair Value
of Equity
Awards
Granted in
the Year
and
Unvested at
Year End
Year over
Year
Average
Change in
Fair Value of
Outstanding
and
Unvested
Equity
Awards
Average
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted
and Vested
in the Year
Average
Change in
Fair Value
from Prior
Year End
to Vesting
Date
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
Average Fair
Value at the End
of the Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in
the Year
Average
Value of
Dividends or
other
Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value
Total
Average
Equity
Award
Adjustments
2024
$ 255,192 $ (115,899) $    — $ (37,920) $    — $    — $ 101,373
(6)
Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends (if any) for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period. The beginning of the measurement period for each year in the table is December 31, 2021.
(7)
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
   
Named Executive Officers, Footnote
(1)
The following table shows the principal executive officer(s) (PEO(s)) and Non-PEO NEOs for each of 2024, 2023 and 2022:
Year
PEO
Non-PEO NEOs
2024
Brendan P. O’Grady, Heather L. Mason, Daniel A. Peisert
Ajay Patel, Paul Schwichtenberg
2023 Daniel A. Peisert
Ajay Patel, Paul Schwichtenberg
2022 Daniel A. Peisert
Paul Schwichtenberg, Ajay Patel
   
Adjustment To PEO Compensation, Footnote
(1)
The following table shows the principal executive officer(s) (PEO(s)) and Non-PEO NEOs for each of 2024, 2023 and 2022:
Year
PEO
Non-PEO NEOs
2024
Brendan P. O’Grady, Heather L. Mason, Daniel A. Peisert
Ajay Patel, Paul Schwichtenberg
2023 Daniel A. Peisert
Ajay Patel, Paul Schwichtenberg
2022 Daniel A. Peisert
Paul Schwichtenberg, Ajay Patel
(2)
The dollar amounts reported are the amounts of total compensation reported in our Summary Compensation Table.
(3)
The dollar amounts reported represent the amount of “compensation actually paid”, as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with SEC rules, the following adjustments were made to total compensation to determine the compensation actually paid for the year ended December 31, 2024:
Reported
Summary
Compensation
Table Total
for PEO
Deduct
Reported
Value of
Equity
Awards
(a)
Add (Deduct)
Equity
Award
Adjustments
(b)
Compensation
Actually Paid
to PEO
Brendan P. O’Grady
$ 3,012,703 $ 2,082,420 $ 1,639,510 $ 2,569,793
Heather L. Mason
$ 1,077,984 $ 551,980 $ 326,215 $ 852,219
Daniel A. Peisert
$ 618,613 $ $ (226,900) $ 391,713
(a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
(b)
The equity award adjustments for the applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year.
The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments for the year ended December 31, 2024, are as follows:
PEO
Year End
Fair Value
of Equity
Awards
Granted in
the Year
and Unvested
at Year End
Year over
Year Change
in Fair
Value of
Outstanding
and Unvested
Equity Awards
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted
and
Vested in
the Year
Change
in Fair Value
from End of
Prior Year to
Vesting Date
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
Fair Value
at the End
of the Prior
Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
Value of
Dividends
or other
Earnings
Paid on
Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value
Total
Equity
Award
Adjustments
Brendan P. O’Grady
$ 1,639,510 $   — $   — $   — $   — $   — $ 1,639,510
Heather L. Mason
$ 1,048 $   — $ 332,889 $ (7,722) $   — $   — $ 326,215
Daniel A. Peisert
$   — $   — $   — $ 220,012 $ (446,912) $   — $ (226,900)
   
Non-PEO NEO Average Total Compensation Amount $ 942,579 $ 1,072,697 $ 2,118,886
Non-PEO NEO Average Compensation Actually Paid Amount $ 744,973 (1,186,801) 3,643,883
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported represent the average of the amounts reported for the Company’s NEOs as a group (excluding our CEOs) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding our CEOs) included for purposes of calculating the average amounts in each applicable year are as follows for 2024, 2023 and 2022, Ajay Patel and Paul Schwichtenberg.
(5)
The dollar amounts reported represent the average amount of “compensation actually paid” to the NEOs as a group (excluding our CEOs), as computed in accordance with SEC rules. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding our CEOs) during the applicable year. In accordance with the SEC rules, the following adjustments were made to average total compensation for the NEOs as a group (excluding our CEOs) for the applicable year to determine the compensation actually paid, using the same methodology described above in Note 2:
Year
Average
Reported Summary
Compensation Table
Total for Non-PEO
NEOs
Deduct
Average
Reported
Value of Equity
Awards
Add (Deduct)
Average Equity
Award
Adjustments
(a)
Average
Compensation
Actually Paid to
Non-PEO NEOs
2024
$ 942,579 $ 298,979 $ 101,373 $ 744,973
a.
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
Year
Average
Year End
Fair Value
of Equity
Awards
Granted in
the Year
and
Unvested at
Year End
Year over
Year
Average
Change in
Fair Value of
Outstanding
and
Unvested
Equity
Awards
Average
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted
and Vested
in the Year
Average
Change in
Fair Value
from Prior
Year End
to Vesting
Date
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
Average Fair
Value at the End
of the Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in
the Year
Average
Value of
Dividends or
other
Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value
Total
Average
Equity
Award
Adjustments
2024
$ 255,192 $ (115,899) $    — $ (37,920) $    — $    — $ 101,373
   
Compensation Actually Paid vs. Total Shareholder Return
[MISSING IMAGE: bc_paidvstotalshare-4c.jpg]
   
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_paidvsnetincome-4c.jpg]
   
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_paidvstotalshare-4c.jpg]    
Total Shareholder Return Amount $ 40 49 197
Net Income (Loss) (21,581,000) (331,942,000) 109,625,000
Brendan P.O'Grady [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount 3,012,703
PEO Actually Paid Compensation Amount $ 2,569,793
PEO Name Brendan P. O’Grady,    
Brendan P.O'Grady [Member] | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 1,639,510    
Brendan P.O'Grady [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 2,082,420    
Brendan P.O'Grady [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,639,510    
Brendan P.O'Grady [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,639,510    
Brendan P.O'Grady [Member] | 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    
Brendan P.O'Grady [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount    
Brendan P.O'Grady [Member] | 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    
Brendan P.O'Grady [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount    
Brendan P.O'Grady [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount    
Heather L. Mason [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount 1,077,984
PEO Actually Paid Compensation Amount $ 852,219
PEO Name Heather L. Mason    
Heather L. Mason [Member] | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 326,215    
Heather L. Mason [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 551,980    
Heather L. Mason [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 326,215    
Heather L. Mason [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,048    
Heather L. Mason [Member] | 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    
Heather L. Mason [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 332,889    
Heather L. Mason [Member] | 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 (7,722)    
Heather L. Mason [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount    
Heather L. Mason [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount    
Daniel A. Peisert [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount 618,613 3,263,989 5,993,818
PEO Actually Paid Compensation Amount $ 391,713 $ (3,632,048) $ 10,805,836
PEO Name Daniel A. Peisert    
Daniel A. Peisert [Member] | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (226,900)    
Daniel A. Peisert [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount    
Daniel A. Peisert [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (226,900)    
Daniel A. Peisert [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount    
Daniel A. Peisert [Member] | 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    
Daniel A. Peisert [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount    
Daniel A. Peisert [Member] | 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 220,012    
Daniel A. Peisert [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (446,912)    
Daniel A. Peisert [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount    
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 (298,979)    
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 101,373    
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 255,192    
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 (115,899)    
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount    
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 (37,920)    
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount    
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount