Pay vs Performance Disclosure
pure in Thousands
pure in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
| | Year | | | Summary Compensation Table Total for PEO(1) ($) | | | Compensation Actually Paid to PEO(1)(2)(3) ($) | | | Average Summary Compensation Table Total for Non-PEO NEOs(1) ($) | | | Average Compensation Actually Paid to Non-PEO NEOs(1)(2)(3) ($) | | | Value of Initial Fixed $100 Investment based on:(4) | | | Net Income ($ Thousands) | | | Total Revenue(5) ($ Thousands) | | |||
| | TSR ($) | | | Peer Group TSR ($) | | |||||||||||||||||||||
| | 2025 | | | 4,769,014 | | | (3,225,545) | | | 1,668,817 | | | (553,084) | | | 409.64 | | | 113.34 | | | (38,228) | | | 455,715 | |
| | 2024 | | | 3,695,421 | | | 33,286,022 | | | 1,160,525 | | | 9,517,874 | | | 433.14 | | | 91.51 | | | (186,733) | | | 249,365 | |
| | 2023 | | | 6,049,470 | | | 38,409,964 | | | 1,923,067 | | | 11,430,710 | | | 227.03 | | | 88.86 | | | (56,048) | | | 217,646 | |
| | 2022 | | | 2,157,067 | | | 456,994 | | | 811,490 | | | 311,906 | | | 22.21 | | | 94.64 | | | (66,397) | | | 222,818 | |
| | 2021 | | | 3,659,008 | | | 2,725,556 | | | 1,251,466 | | | 988,822 | | | 60.40 | | | 138.17 | | | (54,162) | | | 211,565 | |
(1)
Chih-Hsiang (Thompson) Lin was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
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2021-2025
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|
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Stefan J. Murry
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|
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Hung-Lun (Fred) Chang
|
|
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Shu-Hua (Joshua) Yeh
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|
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David C. Kuo
|
|
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
| | Year | | | Summary Compensation Table Total for PEO ($) | | | Exclusion of Stock Awards and Option Awards for PEO ($) | | | Inclusion of Equity Values for PEO ($) | | | Compensation Actually Paid to PEO ($) | |
| | 2025 | | | 4,769,014 | | | (2,837,667) | | | (5,156,892) | | | (3,225,545) | |
| | Year | | | Average Summary Compensation Table Total for Non-PEO NEOs ($) | | | Average Exclusion of Stock Awards and Option Awards for Non-PEO NEOs ($) | | | Average Inclusion of Equity Values for Non-PEO NEOs ($) | | | Average Compensation Actually Paid to Non-PEO NEOs ($) | |
| | 2025 | | | 1,668,817 | | | (883,654) | | | (1,338,247) | | | (553,084) | |
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
| | Year | | | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO ($) | | | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO ($) | | | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO ($) | | | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO ($) | | | Total – Inclusion of Equity Values for PEO 1 ($) | |
| | 2025 | | | 9,612,093 | | | (2,166,361) | | | 459,602 | | | (13,062,226) | | | (5,156,892) | |
| | Year | | | Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($) | | | Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) | | | Average Vesting- Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) | | | Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) | | | Total – Average Inclusion of Equity Values for Non-PEO NEOs ($) | |
| | 2025 | | | 2,993,206 | | | (608,614) | | | 143,127 | | | (3,865,966) | | | (1,338,247) | |
(4)
The Peer Group TSR set forth in this table utilizes the peer companies used for compensation benchmarking purposes, which are summarized below in the “2025” column and in the “Compensation Discussion and Analysis” section of this Proxy Statement, for the years reflected in the table above but excludes companies that had ceased to be publicly traded as of the end of each fiscal year.
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2021
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2022-2023
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2024
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2025
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Axcelis Technologies, Inc.
ADTRAN Holdings, Inc. Alpha and Omega Semiconductor Limited Aviat Networks, Inc. Calix, Inc. CalAmp Corp. Casa Systems, Inc. Cohu, Inc. Digi International Inc. EMCORE Corporation Harmonic Inc. Inseego Corp. KVH Industries, Inc. NeoPhotonics Corporation Photronics, Inc. Ribbon Communications Inc. Xperi Inc. |
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Axcelis Technologies, Inc.
ADTRAN Holdings, Inc. Alpha and Omega Semiconductor Limited Aviat Networks, Inc. Calix, Inc. CalAmp Corp. Casa Systems, Inc. Cohu, Inc. Digi International Inc. EMCORE Corporation Harmonic Inc. Inseego Corp. KVH Industries, Inc. Photronics, Inc. Ribbon Communications Inc. Xperi Inc. |
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A10 Networks, Inc.
ADTRAN Holdings, Inc. ACM Research, Inc. Alpha and Omega Semiconductor Limited Aviat Networks, Inc. CEVA, Inc. Clearfield, Inc. Cohu, Inc. Comtech Telecommunications Digi International Inc. Harmonic Inc. indie Semiconductor, Inc. NETGEAR, Inc. OneSpan, Inc. Photronics, Inc. Ribbon Communications Inc. Semtech Corporation Skywater Technology, Inc. Vishay Precision Group, Inc. Xperi Inc. |
| |
A10 Networks, Inc.
ADTRAN Holdings, Inc. ACM Research, Inc. Alpha and Omega Semiconductor Limited Allegro MicroSystems, Inc. Calix, Inc. Cohu, Inc. Digi International Inc. Extreme Networks, Inc. FormFactor, Inc. Harmonic Inc. Infinera, Inc. MaxLinear, Inc. NETGEAR, Inc. NetScout Systems, Inc. Photronics, Inc. Ribbon Communications Inc. Semtech Corporation Skywater Technology, Inc. Viavi Solutions Inc. |
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The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the compensation benchmarking peers, respectively. As described in the “Compensation Discussion and Analysis” section of this Proxy Statement, after the compensation committee reviewed our compensation peer group in the first quarter of 2025, the compensation committee updated the peer group criteria and the peer group companies that were used to assist with the determination of compensation for our executive officers for fiscal 2025. If the 2024 peer group had been used to calculate the peer group TSR, the amounts shown for 2025, 2024, 2023, 2022 and 2021 would have been $94.04, $88.30, $74.23, $77.85 and $114.93, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(5)
We determined Total Revenue to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2025.
(1)
Chih-Hsiang (Thompson) Lin was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
| |
2021-2025
|
|
| |
Stefan J. Murry
|
|
| |
Hung-Lun (Fred) Chang
|
|
| |
Shu-Hua (Joshua) Yeh
|
|
| |
David C. Kuo
|
|
(4)
The Peer Group TSR set forth in this table utilizes the peer companies used for compensation benchmarking purposes, which are summarized below in the “2025” column and in the “Compensation Discussion and Analysis” section of this Proxy Statement, for the years reflected in the table above but excludes companies that had ceased to be publicly traded as of the end of each fiscal year.
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2021
|
| |
2022-2023
|
| |
2024
|
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2025
|
|
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Axcelis Technologies, Inc.
ADTRAN Holdings, Inc. Alpha and Omega Semiconductor Limited Aviat Networks, Inc. Calix, Inc. CalAmp Corp. Casa Systems, Inc. Cohu, Inc. Digi International Inc. EMCORE Corporation Harmonic Inc. Inseego Corp. KVH Industries, Inc. NeoPhotonics Corporation Photronics, Inc. Ribbon Communications Inc. Xperi Inc. |
| |
Axcelis Technologies, Inc.
ADTRAN Holdings, Inc. Alpha and Omega Semiconductor Limited Aviat Networks, Inc. Calix, Inc. CalAmp Corp. Casa Systems, Inc. Cohu, Inc. Digi International Inc. EMCORE Corporation Harmonic Inc. Inseego Corp. KVH Industries, Inc. Photronics, Inc. Ribbon Communications Inc. Xperi Inc. |
| |
A10 Networks, Inc.
ADTRAN Holdings, Inc. ACM Research, Inc. Alpha and Omega Semiconductor Limited Aviat Networks, Inc. CEVA, Inc. Clearfield, Inc. Cohu, Inc. Comtech Telecommunications Digi International Inc. Harmonic Inc. indie Semiconductor, Inc. NETGEAR, Inc. OneSpan, Inc. Photronics, Inc. Ribbon Communications Inc. Semtech Corporation Skywater Technology, Inc. Vishay Precision Group, Inc. Xperi Inc. |
| |
A10 Networks, Inc.
ADTRAN Holdings, Inc. ACM Research, Inc. Alpha and Omega Semiconductor Limited Allegro MicroSystems, Inc. Calix, Inc. Cohu, Inc. Digi International Inc. Extreme Networks, Inc. FormFactor, Inc. Harmonic Inc. Infinera, Inc. MaxLinear, Inc. NETGEAR, Inc. NetScout Systems, Inc. Photronics, Inc. Ribbon Communications Inc. Semtech Corporation Skywater Technology, Inc. Viavi Solutions Inc. |
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The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the compensation benchmarking peers, respectively. As described in the “Compensation Discussion and Analysis” section of this Proxy Statement, after the compensation committee reviewed our compensation peer group in the first quarter of 2025, the compensation committee updated the peer group criteria and the peer group companies that were used to assist with the determination of compensation for our executive officers for fiscal 2025. If the 2024 peer group had been used to calculate the peer group TSR, the amounts shown for 2025, 2024, 2023, 2022 and 2021 would have been $94.04, $88.30, $74.23, $77.85 and $114.93, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
| | Year | | | Summary Compensation Table Total for PEO ($) | | | Exclusion of Stock Awards and Option Awards for PEO ($) | | | Inclusion of Equity Values for PEO ($) | | | Compensation Actually Paid to PEO ($) | |
| | 2025 | | | 4,769,014 | | | (2,837,667) | | | (5,156,892) | | | (3,225,545) | |
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
| | Year | | | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO ($) | | | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO ($) | | | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO ($) | | | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO ($) | | | Total – Inclusion of Equity Values for PEO 1 ($) | |
| | 2025 | | | 9,612,093 | | | (2,166,361) | | | 459,602 | | | (13,062,226) | | | (5,156,892) | |
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
| | Year | | | Average Summary Compensation Table Total for Non-PEO NEOs ($) | | | Average Exclusion of Stock Awards and Option Awards for Non-PEO NEOs ($) | | | Average Inclusion of Equity Values for Non-PEO NEOs ($) | | | Average Compensation Actually Paid to Non-PEO NEOs ($) | |
| | 2025 | | | 1,668,817 | | | (883,654) | | | (1,338,247) | | | (553,084) | |
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
| | Year | | | Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($) | | | Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) | | | Average Vesting- Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) | | | Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) | | | Total – Average Inclusion of Equity Values for Non-PEO NEOs ($) | |
| | 2025 | | | 2,993,206 | | | (608,614) | | | 143,127 | | | (3,865,966) | | | (1,338,247) | |
![[MISSING IMAGE: bc_tsr-pn.jpg]](bc_tsr-pn.jpg)
![[MISSING IMAGE: bc_netincome-pn.jpg]](bc_netincome-pn.jpg)
![[MISSING IMAGE: bc_totalrevenue-pn.jpg]](bc_totalrevenue-pn.jpg)
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and Non-PEO NEOs for 2025 to Company performance. The measures in this table are not ranked.
| | | Total Revenue Non-GAAP Operating Income (Loss) Relative TSR | | |
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
| | Year | | | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO ($) | | | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO ($) | | | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO ($) | | | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO ($) | | | Total – Inclusion of Equity Values for PEO 1 ($) | |
| | 2025 | | | 9,612,093 | | | (2,166,361) | | | 459,602 | | | (13,062,226) | | | (5,156,892) | |
| | Year | | | Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($) | | | Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) | | | Average Vesting- Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) | | | Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) | | | Total – Average Inclusion of Equity Values for Non-PEO NEOs ($) | |
| | 2025 | | | 2,993,206 | | | (608,614) | | | 143,127 | | | (3,865,966) | | | (1,338,247) | |
(5)
We determined Total Revenue to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2025.