v3.25.2
Pay vs Performance Disclosure
pure in Millions
12 Months Ended
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table sets forth the compensation for our CEO and the average compensation for our other NEOs (the “Non-CEO NEOs”), both as reported in the Summary Compensation Table along with certain adjustments to reflect the “compensation actually paid” to such individuals, 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, for each of fiscal year 2025, 2024, 2023, 2022 and 2021. The Talent and Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown. For further information concerning our pay-for-performance philosophy and how we align executive compensation with the performance of the Company, see the Compensation Discussion and Analysis section of this Proxy Statement.
Value of Initial Fixed $100
Investment Based On:
Year
(a)
Summary
Compensation
Table Total for
CEO
(b)
Compensation
Actually Paid
to CEO1
(c)
Average
Summary
Compensation
Table Total for
Non-CEO
NEOs2
(d)
Average
Compensation
Actually Paid
to Non-CEO
NEOs1,2
(e)
Total
Shareholder
Return3
(f)
Peer Group
Total
Shareholder
Return4
(g)
Net Income
(Loss)
(millions)5
(h)
Revenue
(millions)6
(i)
2025 $  9,582,835 $  2,795,204 $  4,066,002 $  1,460,671 $  79.40 $  116.70 $  (1) $  745.6
2024 $  10,082,248 $  16,513,762 $  4,986,896 $  6,417,911 $  104.80 $  113.96 $  12 $  659.7
2023 $ 6,256,075 $ 433,031 $  2,561,259 $ 346,019 $ 66.62 $ 77.30 $  (119) $ 596.6
2022 $ 8,457,367 $ 3,006,737 $  3,711,603 $ 1,494,858 $ 113.58 $ 80.03 $ (34) $ 528.7
2021 $ 6,937,688 $ 12,014,504 $  3,116,876 $ 7,171,357 $ 157.59 $ 123.04 $ (90) $ 443.0
1.
The dollar amounts reported in column (c) and (e) represent the amount of  “compensation actually paid” to Mr. Howe, our CEO, for all applicable years and the average of the “compensation actually paid” to our Non-CEO NEOs. The dollar amounts reported as “compensation actually paid” do not reflect the actual amount of compensation earned by or paid to our CEO or our Non-CEO NEOs during the applicable years, as explained in the ensuing tables. The Non-CEO NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for fiscal 2025, Lauren R. Dillard, Vihan Sharma, Mohsin Hussain, Jerry C. Jones and Kimberly Bloomston; (ii) for fiscal 2024, Lauren R. Dillard, Vihan Sharma, Kimberly Bloomston, Jerry C. Jones and Warren C. Jenson; (iii) for fiscal 2023, Warren C. Jenson, Mohsin Hussain and Jerry C. Jones; (iv) for fiscal 2022, Warren C. Jenson, Mohsin Hussain, Jerry C. Jones, Diego Panama, and David Pann; and (v) for fiscal 2021, Warren C. Jenson, James F. Arra, Anneka R. Gupta and Jerry C. Jones. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments set forth in the table below were made to total compensation to determine the compensation actually paid (certain totals may not sum due to rounding). The proxy statements for our 2024 and 2023 Annual Meetings of Shareholders include corresponding information for fiscal years 2021 through 2024 (except as set forth below with respect to the updated amounts for our compensation actually paid to our Non-CEO NEOs in fiscal 2024).
Fiscal
Year
Reported Summary
Compensation Table
(SCT) Totali
A
Reported Value of
Equity Awardsii
B
Equity Award
Adjustmentsiii
C
Compensation
Actually Paid
A-B+C
Company’s CEO
2025 $  9,582,835 $  8,039,047 $  1,251,416 $  2,795,204
Average of Non-CEO NEOs
2025 $ 4,066,002 $ 2,548,612 $ (56,720) $ 1,460,671
2024 $ 4,986,896 $ 3,900,177 $ 5,331,192 $ 6,417,911
i.
Reflects the amounts (or the average amounts with regard to the Non-CEO NEOs) represented in the “Total” column of the Summary Compensation Table for the applicable years.
ii.
Reflects the grant date fair value of equity awards granted to the CEO (or the average amounts with regard to the Non-CEO NEOs) as reported in the “Stock Awards” column in the Summary Compensation Table for the covered years.
iii.
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) as set forth in the chart below:
Plus Year
End Fair
Value of
Outstanding
Unvested
Stock Awards
Granted in
the Year
Year over
Year Change
(Positive or
Negative) in
Fair Value of
Outstanding
and Unvested
Stock Awards
Granted in
Prior Years
Plus Fair
Value of
Awards
Granted and
Vested in
the Year
Year over
Year Change
(Positive or
Negative) in
Fair Value of
Stock Awards
Granted in Prior
Years that
Vested in
the Year
Less Year
End Fair Value
of Awards
Granted in
Prior Years
that Failed
to Meet the
Applicable
Vesting
Conditions in
the Year
Total
Equity
Award
Adjustments
Company’s CEO
2025 $  6,055,335 $  (4,323,112) $  (480,807) $  1,251,416
Average of Non-CEO NEOs
2025 $ 1,823,737 $ (1,643,446) $ (237,011) $ (56,720)
2024 $  4,680,900 $  613,640 $  81,445 $  256,259 $  301,053 $  5,331,192
2.
As noted in the footnotes to the Summary Compensation Table, we have made certain correctional adjustments to the amounts previously reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” and “Total” columns for Mr. Jones in fiscal 2024; as such, the numbers and underlying calculations in the “Average Summary Compensation Table Total for Non-CEO NEOs” and “Average Compensation Actually Paid to Non-CEO NEOs” columns for fiscal 2024 have been revised from the numbers previously reported to reflect such corrected values.
3.
Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the price of our common stock at the end and the beginning of the measurement period by the price of our common stock at the beginning of the measurement period.
4.
The peer group used for this purpose is the S&P 400 IT Consulting and Other Services Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Reports on Form 10-K for the years ended March 31, 2025, March 31, 2024, March 31, 2023, March 31, 2022 and March 31, 2021.
5.
The dollar amounts reported represent the amount of net income (loss) reflected in our audited consolidated financial statements for the applicable year.
6.
Revenue as reported under GAAP.
       
Company Selected Measure Name Revenue        
Named Executive Officers, Footnote
1.
The dollar amounts reported in column (c) and (e) represent the amount of  “compensation actually paid” to Mr. Howe, our CEO, for all applicable years and the average of the “compensation actually paid” to our Non-CEO NEOs. The dollar amounts reported as “compensation actually paid” do not reflect the actual amount of compensation earned by or paid to our CEO or our Non-CEO NEOs during the applicable years, as explained in the ensuing tables. The Non-CEO NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for fiscal 2025, Lauren R. Dillard, Vihan Sharma, Mohsin Hussain, Jerry C. Jones and Kimberly Bloomston; (ii) for fiscal 2024, Lauren R. Dillard, Vihan Sharma, Kimberly Bloomston, Jerry C. Jones and Warren C. Jenson; (iii) for fiscal 2023, Warren C. Jenson, Mohsin Hussain and Jerry C. Jones; (iv) for fiscal 2022, Warren C. Jenson, Mohsin Hussain, Jerry C. Jones, Diego Panama, and David Pann; and (v) for fiscal 2021, Warren C. Jenson, James F. Arra, Anneka R. Gupta and Jerry C. Jones.
       
Peer Group Issuers, Footnote
4.
The peer group used for this purpose is the S&P 400 IT Consulting and Other Services Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Reports on Form 10-K for the years ended March 31, 2025, March 31, 2024, March 31, 2023, March 31, 2022 and March 31, 2021.
       
PEO Total Compensation Amount $ 9,582,835 $ 10,082,248 $ 6,256,075 $ 8,457,367 $ 6,937,688
PEO Actually Paid Compensation Amount $ 2,795,204 16,513,762 433,031 3,006,737 12,014,504
Adjustment To PEO Compensation, Footnote
1.
The dollar amounts reported in column (c) and (e) represent the amount of  “compensation actually paid” to Mr. Howe, our CEO, for all applicable years and the average of the “compensation actually paid” to our Non-CEO NEOs. The dollar amounts reported as “compensation actually paid” do not reflect the actual amount of compensation earned by or paid to our CEO or our Non-CEO NEOs during the applicable years, as explained in the ensuing tables. The Non-CEO NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for fiscal 2025, Lauren R. Dillard, Vihan Sharma, Mohsin Hussain, Jerry C. Jones and Kimberly Bloomston; (ii) for fiscal 2024, Lauren R. Dillard, Vihan Sharma, Kimberly Bloomston, Jerry C. Jones and Warren C. Jenson; (iii) for fiscal 2023, Warren C. Jenson, Mohsin Hussain and Jerry C. Jones; (iv) for fiscal 2022, Warren C. Jenson, Mohsin Hussain, Jerry C. Jones, Diego Panama, and David Pann; and (v) for fiscal 2021, Warren C. Jenson, James F. Arra, Anneka R. Gupta and Jerry C. Jones. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments set forth in the table below were made to total compensation to determine the compensation actually paid (certain totals may not sum due to rounding). The proxy statements for our 2024 and 2023 Annual Meetings of Shareholders include corresponding information for fiscal years 2021 through 2024 (except as set forth below with respect to the updated amounts for our compensation actually paid to our Non-CEO NEOs in fiscal 2024).
Fiscal
Year
Reported Summary
Compensation Table
(SCT) Totali
A
Reported Value of
Equity Awardsii
B
Equity Award
Adjustmentsiii
C
Compensation
Actually Paid
A-B+C
Company’s CEO
2025 $  9,582,835 $  8,039,047 $  1,251,416 $  2,795,204
Average of Non-CEO NEOs
2025 $ 4,066,002 $ 2,548,612 $ (56,720) $ 1,460,671
2024 $ 4,986,896 $ 3,900,177 $ 5,331,192 $ 6,417,911
i.
Reflects the amounts (or the average amounts with regard to the Non-CEO NEOs) represented in the “Total” column of the Summary Compensation Table for the applicable years.
ii.
Reflects the grant date fair value of equity awards granted to the CEO (or the average amounts with regard to the Non-CEO NEOs) as reported in the “Stock Awards” column in the Summary Compensation Table for the covered years.
iii.
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) as set forth in the chart below:
Plus Year
End Fair
Value of
Outstanding
Unvested
Stock Awards
Granted in
the Year
Year over
Year Change
(Positive or
Negative) in
Fair Value of
Outstanding
and Unvested
Stock Awards
Granted in
Prior Years
Plus Fair
Value of
Awards
Granted and
Vested in
the Year
Year over
Year Change
(Positive or
Negative) in
Fair Value of
Stock Awards
Granted in Prior
Years that
Vested in
the Year
Less Year
End Fair Value
of Awards
Granted in
Prior Years
that Failed
to Meet the
Applicable
Vesting
Conditions in
the Year
Total
Equity
Award
Adjustments
Company’s CEO
2025 $  6,055,335 $  (4,323,112) $  (480,807) $  1,251,416
Average of Non-CEO NEOs
2025 $ 1,823,737 $ (1,643,446) $ (237,011) $ (56,720)
2024 $  4,680,900 $  613,640 $  81,445 $  256,259 $  301,053 $  5,331,192
       
Non-PEO NEO Average Total Compensation Amount $ 4,066,002 4,986,896 2,561,259 3,711,603 3,116,876
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,460,671 6,417,911 346,019 1,494,858 7,171,357
Adjustment to Non-PEO NEO Compensation Footnote
1.
The dollar amounts reported in column (c) and (e) represent the amount of  “compensation actually paid” to Mr. Howe, our CEO, for all applicable years and the average of the “compensation actually paid” to our Non-CEO NEOs. The dollar amounts reported as “compensation actually paid” do not reflect the actual amount of compensation earned by or paid to our CEO or our Non-CEO NEOs during the applicable years, as explained in the ensuing tables. The Non-CEO NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for fiscal 2025, Lauren R. Dillard, Vihan Sharma, Mohsin Hussain, Jerry C. Jones and Kimberly Bloomston; (ii) for fiscal 2024, Lauren R. Dillard, Vihan Sharma, Kimberly Bloomston, Jerry C. Jones and Warren C. Jenson; (iii) for fiscal 2023, Warren C. Jenson, Mohsin Hussain and Jerry C. Jones; (iv) for fiscal 2022, Warren C. Jenson, Mohsin Hussain, Jerry C. Jones, Diego Panama, and David Pann; and (v) for fiscal 2021, Warren C. Jenson, James F. Arra, Anneka R. Gupta and Jerry C. Jones. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments set forth in the table below were made to total compensation to determine the compensation actually paid (certain totals may not sum due to rounding). The proxy statements for our 2024 and 2023 Annual Meetings of Shareholders include corresponding information for fiscal years 2021 through 2024 (except as set forth below with respect to the updated amounts for our compensation actually paid to our Non-CEO NEOs in fiscal 2024).
Fiscal
Year
Reported Summary
Compensation Table
(SCT) Totali
A
Reported Value of
Equity Awardsii
B
Equity Award
Adjustmentsiii
C
Compensation
Actually Paid
A-B+C
Company’s CEO
2025 $  9,582,835 $  8,039,047 $  1,251,416 $  2,795,204
Average of Non-CEO NEOs
2025 $ 4,066,002 $ 2,548,612 $ (56,720) $ 1,460,671
2024 $ 4,986,896 $ 3,900,177 $ 5,331,192 $ 6,417,911
i.
Reflects the amounts (or the average amounts with regard to the Non-CEO NEOs) represented in the “Total” column of the Summary Compensation Table for the applicable years.
ii.
Reflects the grant date fair value of equity awards granted to the CEO (or the average amounts with regard to the Non-CEO NEOs) as reported in the “Stock Awards” column in the Summary Compensation Table for the covered years.
iii.
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) as set forth in the chart below:
Plus Year
End Fair
Value of
Outstanding
Unvested
Stock Awards
Granted in
the Year
Year over
Year Change
(Positive or
Negative) in
Fair Value of
Outstanding
and Unvested
Stock Awards
Granted in
Prior Years
Plus Fair
Value of
Awards
Granted and
Vested in
the Year
Year over
Year Change
(Positive or
Negative) in
Fair Value of
Stock Awards
Granted in Prior
Years that
Vested in
the Year
Less Year
End Fair Value
of Awards
Granted in
Prior Years
that Failed
to Meet the
Applicable
Vesting
Conditions in
the Year
Total
Equity
Award
Adjustments
Company’s CEO
2025 $  6,055,335 $  (4,323,112) $  (480,807) $  1,251,416
Average of Non-CEO NEOs
2025 $ 1,823,737 $ (1,643,446) $ (237,011) $ (56,720)
2024 $  4,680,900 $  613,640 $  81,445 $  256,259 $  301,053 $  5,331,192
       
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid vs. Cumulative TSR of the Company and Cumulative TSR of the Peer Group
The following graph compares the amount of compensation actually paid to our CEO and the average compensation actually paid to our Non-CEO NEOs with our cumulative TSR and the TSR of our peer group over the five years presented in the table.
[MISSING IMAGE: bc_tsr-pn.jpg]
       
Compensation Actually Paid vs. Net Income
Compensation Actually Paid vs. Net Income (Loss)
The following graph compares the amount of compensation actually paid to our CEO and the average compensation actually paid to our Non-CEO NEOs to our net income (loss) over the five years presented in the table.
[MISSING IMAGE: bc_netincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid vs. Revenue
The following graph compares the amount of compensation actually paid to our CEO and the average compensation actually paid to our Non-CEO NEOs with revenue. While the Company uses several financial performance measures to evaluate performance for purposes of its executive compensation program, the Company has determined that revenue is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the NEOs for the most recently completed fiscal year to Company performance. Revenue is a key driver of both (i) our annual cash incentive plan, which, for fiscal 2025, utilized revenue adjusted to reflect the impact, if any, of acquisitions and divestitures during the year as one of the two corporate performance measures (weighted 50%) and (ii) our long-term equity incentive compensation program in our fiscal 2025 Rule of 40 PSUs (average 3-year revenue growth percentage). Note, however, that because a significant portion of compensation actually paid is comprised of equity awards, which have multi-year vesting periods, compensation actually paid is heavily impacted by fluctuations in stock price year-over-year, as compared to revenue.
[MISSING IMAGE: bc_revenue-pn.jpg]
       
Total Shareholder Return Vs Peer Group
Compensation Actually Paid vs. Cumulative TSR of the Company and Cumulative TSR of the Peer Group
The following graph compares the amount of compensation actually paid to our CEO and the average compensation actually paid to our Non-CEO NEOs with our cumulative TSR and the TSR of our peer group over the five years presented in the table.
[MISSING IMAGE: bc_tsr-pn.jpg]
       
Tabular List, Table
Financial Performance Measures
As described in greater detail in the Compensation Discussion and Analysis section, our executive compensation program reflects a variable pay-for-performance philosophy with a substantial portion of our NEOs’ annual target total direct compensation “at-risk” and/or subject to performance-based vesting requirements. The metrics that we use for both our short and long-term compensation programs are selected based on the objective of ensuring our NEOs’ interests are aligned with those of our shareholders and to motivate and reward individual initiative and effort. The most important financial performance measures used by us to link executive compensation actually paid to the NEOs, for the most recently completed fiscal year, to our performance are set forth below. These measures are utilized in our annual cash and long-term equity incentive compensation programs.

Revenue

Non-GAAP EBIT

Rule of 40 (Average 3-year revenue growth percentage + Average 3-year EBITDA margin)

Relative TSR compared to the Russell 2000 Index
       
Total Shareholder Return Amount $ 79.4 104.8 66.62 113.58 157.59
Peer Group Total Shareholder Return Amount 116.7 113.96 77.3 80.03 123.04
Net Income (Loss) $ (1,000,000) $ 12,000,000 $ (119,000,000) $ (34,000,000) $ (90,000,000)
Company Selected Measure Amount 745.6 659.7 596.6 528.7 443.0
PEO Name Mr. Howe        
Measure:: 1          
Pay vs Performance Disclosure          
Name Revenue        
Non-GAAP Measure Description
6.
Revenue as reported under GAAP.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Non-GAAP EBIT        
Measure:: 3          
Pay vs Performance Disclosure          
Name Rule of 40 (Average 3-year revenue growth percentage + Average 3-year EBITDA margin)        
Measure:: 4          
Pay vs Performance Disclosure          
Name Relative TSR compared to the Russell 2000 Index        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (8,039,047)        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,251,416        
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 6,055,335        
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 (4,323,112)        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
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 (480,807)        
PEO | 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 | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,548,612) $ (3,900,177)      
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (56,720) 5,331,192      
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 1,823,737 4,680,900      
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 (1,643,446) 613,640      
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 81,445      
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 (237,011) 256,259      
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 $ (301,053)