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Pay vs Performance Disclosure
pure in Millions
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
(a)
(b)
(b)
(c)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
Value of Initial Fixed $100
Investment Based on:
Year
Summary
Compensation
Table Total for
Mr. Lang
($)(1)
Summary
Compensation
Total to
Mr. Eaves
($)(1)
Compensation
Actually Paid to
Mr. Lang
($)(2)
Compensation
Actually Paid to
Mr. Eaves
($)(2)
Average
Summary
Compensation
Table Total
for Non-CEO
NEOs ($)(1)
Average
Compensation
Actually Paid
to Non-CEO
NEOs ($)(1)(2)
Total
Shareholder
Return
($)
S&P Metals &
Mining Select
Industry Index
Total
Shareholder
Return
($)(3)
Net
Income
(millions)
Adjusted
EBITDA
(millions)(4)
2023
$ 6,239,738 N/A $ 12,818,305 N/A $ 2,697,925 $ 5,847,725 $ 297.64 $ 218.23 $ 464 $ 714
2022
$ 7,762,148 N/A $ 21,422,116 N/A $ 3,350,416 $ 10,000,836 $ 236.32 $ 178.99 $ 1,331 $ 1,260
2021
$ 9,299,065 N/A $ 17,286,417 N/A $ 4,207,575 $ 8,295,726 $ 128.98 $ 157.75 $ 338 $ 509
2020
$ 3,681,055 $ 4,235,049 $ 1,659,750 $ 802,139 $ 1,680,071 $ 806,852 $ 61.62 $ 116.44 $ (345) $ 23
(1)
The following individuals are our Chief Executive Officer and other Named Executive Officers for each fiscal year:
Year
CEO(s)
Non-CEO NEOs
2023 Paul Lang John Eaves, Matthew Giljum, John Drexler, and Rosemary Klein
2022 Paul Lang John Eaves, Matthew Giljum, John Drexler, and Rosemary Klein
2021 Paul Lang John Eaves, Matthew Giljum, John Drexler, and Rosemary Klein
2020 Paul Lang and
John Eaves
Matthew Giljum, John Drexler, John Ziegler, and Robert Jones
(2)
Compensation actually paid to our NEOs in 2023 represents the “Total” compensation reported in the Summary Compensation Table for the fiscal year, adjusted as follows:
2023
Adjustments
Mr. Lang
Average non-
CEO NEOs
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY
$ (4,198,223) $ (1,667,483)
Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End
$ 4,633,789 $ 1,840,476
Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End
$ 2,594,862 $ 1,188,127
Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date
$ 907,941 $ 464,129
Increase based on Dividends or Other Earnings Paid during Applicable FY prior
to Vesting Date*
$ 2,640,198 $ 1,324,551
TOTAL ADJUSTMENTS
$ 6,578,567 $ 3,149,800
(*)
Figures reflect dividend values distributed at the time of vesting. The value (or average value with respect to our NEOs other than the Chief Executive Officer for the applicable fiscal year) of dividend equivalents accrued on unvested awards as of December 31, 2023 was $3,989,673 for Mr. Lang and $1,818,561 for our other NEOs. These dividend equivalents become payable if and when the underlying awards vest. Accordingly, the value of the accrued and unvested dividend equivalents is dependent on the timing and amount of shares vesting, as well as the dividends declared during the vesting periods.
(3)
TSR is cumulative for the measurement periods beginning on December 31, 2019 and ending on December 31 of each of 2023, 2022, 2021 and 2020, respectively, calculated in accordance with Item 201(e) of Regulation S-K. The S&P Metals and Mining Select Industry Index is the same index we use in our performance graph in the Company’s Annual Reports on Form 10-K for the year ended December 31, 2023.
(4)
Adjusted EBITDA is a non-GAAP measure. Adjusted EBITDA is defined as net income (loss) attributable to the Company before the effect of net interest expense, income taxes, depreciation, depletion and amortization, the amortization of sales contracts, the accretion on asset retirement obligations, and non-operating income (expense). Adjusted EBITDA may also be adjusted for items that may not reflect the trend of future results by excluding transactions that are not indicative of our core operating performance. Refer to Annex A for a reconciliation to the most directly comparable GAAP measure.
     
Company Selected Measure Name Adjusted EBITDA      
Named Executive Officers, Footnote
(1)
The following individuals are our Chief Executive Officer and other Named Executive Officers for each fiscal year:
Year
CEO(s)
Non-CEO NEOs
2023 Paul Lang John Eaves, Matthew Giljum, John Drexler, and Rosemary Klein
2022 Paul Lang John Eaves, Matthew Giljum, John Drexler, and Rosemary Klein
2021 Paul Lang John Eaves, Matthew Giljum, John Drexler, and Rosemary Klein
2020 Paul Lang and
John Eaves
Matthew Giljum, John Drexler, John Ziegler, and Robert Jones
     
Peer Group Issuers, Footnote
(3)
TSR is cumulative for the measurement periods beginning on December 31, 2019 and ending on December 31 of each of 2023, 2022, 2021 and 2020, respectively, calculated in accordance with Item 201(e) of Regulation S-K. The S&P Metals and Mining Select Industry Index is the same index we use in our performance graph in the Company’s Annual Reports on Form 10-K for the year ended December 31, 2023.
     
PEO Total Compensation Amount $ 6,239,738      
PEO Actually Paid Compensation Amount $ 12,818,305      
Adjustment To PEO Compensation, Footnote
Compensation actually paid to our NEOs in 2023 represents the “Total” compensation reported in the Summary Compensation Table for the fiscal year, adjusted as follows:
2023
Adjustments
Mr. Lang
Average non-
CEO NEOs
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY
$ (4,198,223) $ (1,667,483)
Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End
$ 4,633,789 $ 1,840,476
Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End
$ 2,594,862 $ 1,188,127
Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date
$ 907,941 $ 464,129
Increase based on Dividends or Other Earnings Paid during Applicable FY prior
to Vesting Date*
$ 2,640,198 $ 1,324,551
TOTAL ADJUSTMENTS
$ 6,578,567 $ 3,149,800
(*)
Figures reflect dividend values distributed at the time of vesting. The value (or average value with respect to our NEOs other than the Chief Executive Officer for the applicable fiscal year) of dividend equivalents accrued on unvested awards as of December 31, 2023 was $3,989,673 for Mr. Lang and $1,818,561 for our other NEOs. These dividend equivalents become payable if and when the underlying awards vest. Accordingly, the value of the accrued and unvested dividend equivalents is dependent on the timing and amount of shares vesting, as well as the dividends declared during the vesting periods.
     
Non-PEO NEO Average Total Compensation Amount $ 2,697,925 $ 3,350,416 $ 4,207,575 $ 1,680,071
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,847,725 10,000,836 8,295,726 806,852
Adjustment to Non-PEO NEO Compensation Footnote
Compensation actually paid to our NEOs in 2023 represents the “Total” compensation reported in the Summary Compensation Table for the fiscal year, adjusted as follows:
2023
Adjustments
Mr. Lang
Average non-
CEO NEOs
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY
$ (4,198,223) $ (1,667,483)
Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End
$ 4,633,789 $ 1,840,476
Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End
$ 2,594,862 $ 1,188,127
Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date
$ 907,941 $ 464,129
Increase based on Dividends or Other Earnings Paid during Applicable FY prior
to Vesting Date*
$ 2,640,198 $ 1,324,551
TOTAL ADJUSTMENTS
$ 6,578,567 $ 3,149,800
(*)
Figures reflect dividend values distributed at the time of vesting. The value (or average value with respect to our NEOs other than the Chief Executive Officer for the applicable fiscal year) of dividend equivalents accrued on unvested awards as of December 31, 2023 was $3,989,673 for Mr. Lang and $1,818,561 for our other NEOs. These dividend equivalents become payable if and when the underlying awards vest. Accordingly, the value of the accrued and unvested dividend equivalents is dependent on the timing and amount of shares vesting, as well as the dividends declared during the vesting periods.
     
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_paidvstsr-4c.jpg]      
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_paidvsnetincome-4c.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_paidvsadjebitda-4c.jpg]
     
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_paidvstsr-4c.jpg]      
Tabular List, Table
Pay Versus Performance Tabular List
The following performance measures represent the most important financial performance measures used by us to link compensation actually paid to our NEOs to performance for the fiscal year ended December 31, 2023:

Adjusted EBITDA;

Free Cash Flow;

Return on Invested Capital;

Safety;

Environmental Compliance; and

Direct Cash Cost Per Ton.
     
Total Shareholder Return Amount $ 218.23 178.99 157.75 116.44
Peer Group Total Shareholder Return Amount 297.64 236.32 128.98 61.62
Net Income (Loss) $ 464,000,000 $ 1,331,000,000 $ 338,000,000 $ (345,000,000)
Company Selected Measure Amount 714 1,260 509 23
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Non-GAAP Measure Description
(4)
Adjusted EBITDA is a non-GAAP measure. Adjusted EBITDA is defined as net income (loss) attributable to the Company before the effect of net interest expense, income taxes, depreciation, depletion and amortization, the amortization of sales contracts, the accretion on asset retirement obligations, and non-operating income (expense). Adjusted EBITDA may also be adjusted for items that may not reflect the trend of future results by excluding transactions that are not indicative of our core operating performance. Refer to Annex A for a reconciliation to the most directly comparable GAAP measure.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Free Cash Flow      
Measure:: 3        
Pay vs Performance Disclosure        
Name Return on Invested Capital;      
Measure:: 4        
Pay vs Performance Disclosure        
Name Safety      
Measure:: 5        
Pay vs Performance Disclosure        
Name Environmental Compliance      
Measure:: 6        
Pay vs Performance Disclosure        
Name Direct Cash Cost Per Ton      
Paul Lang [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount   $ 7,762,148 $ 9,299,065 $ 3,681,055
PEO Actually Paid Compensation Amount   $ 21,422,116 $ 17,286,417 1,659,750
Adjustment to Compensation, Amount $ 6,578,567      
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested 3,989,673      
Paul Lang [Member] | Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (4,198,223)      
Paul Lang [Member] | Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,633,789      
Paul Lang [Member] | Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,594,862      
Paul Lang [Member] | Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 907,941      
Paul Lang [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,640,198      
John Eaves [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount       4,235,049
PEO Actually Paid Compensation Amount       $ 802,139
Non-PEO NEO [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,149,800      
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested 1,818,561      
Non-PEO NEO [Member] | Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,667,483)      
Non-PEO NEO [Member] | Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,840,476      
Non-PEO NEO [Member] | Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,188,127      
Non-PEO NEO [Member] | Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 464,129      
Non-PEO NEO [Member] | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 1,324,551