Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Document Information [Line Items] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | CLEARWATER PAPER CORPORATION |
Entity Central Index Key | 0001441236 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | Arsen S. Kitch Linda K. Massman Value of Initial Fixed $100 Summary Compensation Actually Paid SCT Total CAP to PEO Average SCT Non-PEO Average CAP Company Peer Group Net Adjusted 2022 $4,665,888 $8,013,712 N/A N/A $1,485,132 $2,042,485 $177.01 $117.98 $46.0 $226.9 2021 $3,508,327 $2,881,453 N/A N/A $1,309,743 $880,350 $171.68 $139.56 ($28.1 ) $174.6 2020 $4,010,645 $8,567,932 $2,113,374 $2,227,347 $1,691,924 $2,908,320 $176.73 $112.48 $77.1 $283.2 (1) In order to calculate the compensation “actually paid” for our PEO and NEOs, we have subtracted the following amounts from the value in the “2022 Summary Compensation Tables” Arsen S. Kitch Equity Award Linda K. Massman Equity Award NEO Average Equity Award 2022 $ 2,113,054 2022 N/A 2022 $ 446,147 2021 $ 1,838,354 2021 N/A 2021 $ 418,348 2020 $ 2,075,292 2020 — 2020 $ 904,741 (2) In order to calculate the compensation “actually paid” for our PEO and NEOs, we have added the following amounts, which reflect the change in fair value for performance and time vesting RSUs, and options, as applicable, in each case computed in accordance Arsen S. Kitch Fair value Change in Linda K. Massman Fair Change in NEO Average Fair value Change in 2022 $4,263,040 $1,197,839 2022 N/A N/A 2022 $2,004,903 $647,739 2021 $1,753,889 ($542,410 ) 2021 N/A N/A 2021 $375,378 ($386,724 ) 2020 $5,857,139 $775,440 2020 — $113,973 (a) 2020 $2,004,903 $103,414 (b) (a) This amount includes the value of unvested equity forfeited by Linda Massman ($423,485) in connection with her departure in 2020. (b) This amount includes the value of unvested equity forfeited by Robert Hrivnak ($63,033) in connection with his departure in 2020. (3) The named executive officers included for purposes of determining the average compensation for our named executive officers each year, is as follows: NEOs 2022 Mike Murphy, Steve Bowden, Michael Gadd, and Kari Moyes 2021 Mike Murphy, Steve Bowden, Michael Gadd, and Kari Moyes 2020 Mike Murphy, Steve Bowden, Michael Gadd, Kari Moyes, and Robert Hrivnak (4) Represent the total stockholder return of the S&P Midcap 400 ® ® 10-K. (5) A reconciliation to GAAP EBITDA is found on p. 26 of our 10-K. | ||
Company Selected Measure Name | AdjustedEBITDA | ||
Named Executive Officers, Footnote [Text Block] | The named executive officers included for purposes of determining the average compensation for our named executive officers each year, is as follows: NEOs 2022 Mike Murphy, Steve Bowden, Michael Gadd, and Kari Moyes 2021 Mike Murphy, Steve Bowden, Michael Gadd, and Kari Moyes 2020 Mike Murphy, Steve Bowden, Michael Gadd, Kari Moyes, and Robert Hrivnak | ||
Peer Group Issuers, Footnote [Text Block] | Represent the total stockholder return of the S&P Midcap 400 ® ® 10-K. | ||
Adjustment To PEO Compensation, Footnote [Text Block] | (1) In order to calculate the compensation “actually paid” for our PEO and NEOs, we have subtracted the following amounts from the value in the “2022 Summary Compensation Tables” Arsen S. Kitch Equity Award Linda K. Massman Equity Award NEO Average Equity Award 2022 $ 2,113,054 2022 N/A 2022 $ 446,147 2021 $ 1,838,354 2021 N/A 2021 $ 418,348 2020 $ 2,075,292 2020 — 2020 $ 904,741 (2) In order to calculate the compensation “actually paid” for our PEO and NEOs, we have added the following amounts, which reflect the change in fair value for performance and time vesting RSUs, and options, as applicable, in each case computed in accordance Arsen S. Kitch Fair value Change in Linda K. Massman Fair Change in NEO Average Fair value Change in 2022 $4,263,040 $1,197,839 2022 N/A N/A 2022 $2,004,903 $647,739 2021 $1,753,889 ($542,410 ) 2021 N/A N/A 2021 $375,378 ($386,724 ) 2020 $5,857,139 $775,440 2020 — $113,973 (a) 2020 $2,004,903 $103,414 (b) (a) This amount includes the value of unvested equity forfeited by Linda Massman ($423,485) in connection with her departure in 2020. (b) This amount includes the value of unvested equity forfeited by Robert Hrivnak ($63,033) in connection with his departure in 2020. | ||
Non-PEO NEO Average Total Compensation Amount | $ 1,485,132 | $ 1,309,743 | $ 1,691,924 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 2,042,485 | 880,350 | 2,908,320 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | (1) In order to calculate the compensation “actually paid” for our PEO and NEOs, we have subtracted the following amounts from the value in the “2022 Summary Compensation Tables” Arsen S. Kitch Equity Award Linda K. Massman Equity Award NEO Average Equity Award 2022 $ 2,113,054 2022 N/A 2022 $ 446,147 2021 $ 1,838,354 2021 N/A 2021 $ 418,348 2020 $ 2,075,292 2020 — 2020 $ 904,741 (2) In order to calculate the compensation “actually paid” for our PEO and NEOs, we have added the following amounts, which reflect the change in fair value for performance and time vesting RSUs, and options, as applicable, in each case computed in accordance Arsen S. Kitch Fair value Change in Linda K. Massman Fair Change in NEO Average Fair value Change in 2022 $4,263,040 $1,197,839 2022 N/A N/A 2022 $2,004,903 $647,739 2021 $1,753,889 ($542,410 ) 2021 N/A N/A 2021 $375,378 ($386,724 ) 2020 $5,857,139 $775,440 2020 — $113,973 (a) 2020 $2,004,903 $103,414 (b) (a) This amount includes the value of unvested equity forfeited by Linda Massman ($423,485) in connection with her departure in 2020. (b) This amount includes the value of unvested equity forfeited by Robert Hrivnak ($63,033) in connection with his departure in 2020. | ||
Tabular List [Table Text Block] | Most Important Performance Metrics Adjusted EBITDA (financial) Free Cash Flow (financial) ROIC (financial) TSR (financial) Strategic Objectives (non-financial) | ||
Total Shareholder Return Amount | $ 177.01 | 171.68 | 176.73 |
Peer Group Total Shareholder Return Amount | 117.98 | 139.56 | 112.48 |
Net Income (Loss) | $ 46,000,000 | $ (28,100,000) | $ 77,100,000 |
Company Selected Measure Amount | 226.9 | 174.6 | 283.2 |
Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Adjusted EBITDA (financial) | ||
Non-GAAP Measure Description [Text Block] | A reconciliation to GAAP EBITDA is found on p. 26 of our 10-K. | ||
Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Free Cash Flow (financial) | ||
Measure [Axis]: 3 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | ROIC (financial) | ||
Measure [Axis]: 4 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | TSR (financial) | ||
Measure [Axis]: 5 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Strategic Objectives (non-financial) | ||
Arsen S. Kitch [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 4,665,888 | $ 3,508,327 | $ 4,010,645 |
PEO Actually Paid Compensation Amount | $ 8,013,712 | 2,881,453 | 8,567,932 |
PEO Name | Arsen S. Kitch | ||
Linda K. Massman [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | 2,113,374 | ||
PEO Actually Paid Compensation Amount | 2,227,347 | ||
PEO Name | Linda K. Massman | ||
Robert Hrivnak [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Unvested Equity Forfeited | (63,033) | ||
PEO [Member] | Arsen S. Kitch [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Fair Value of Awards Granted in Year and Unvested at End of Year | $ 4,263,040 | 1,753,889 | 5,857,139 |
Change in Fair Value of Awards Granted in Prior Year Through End of Year or Vesting Date | 1,197,839 | (542,410) | 775,440 |
Equity Award Values | 2,113,054 | 1,838,354 | 2,075,292 |
PEO [Member] | Linda K. Massman [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Change in Fair Value of Awards Granted in Prior Year Through End of Year or Vesting Date | 113,973 | ||
Equity Award Values | 0 | ||
Unvested Equity Forfeited | (423,485) | ||
Non-PEO NEO [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Fair Value of Awards Granted in Year and Unvested at End of Year | 2,004,903 | 375,378 | 2,004,903 |
Change in Fair Value of Awards Granted in Prior Year Through End of Year or Vesting Date | 647,739 | (386,724) | 103,414 |
Equity Award Values | $ 446,147 | $ 418,348 | $ 904,741 |