Employer Share Plans

6 Months Ended

Jun. 30, 2011

Employer Share Plans [Abstract]

Employer Share Plans

10. Employer Share Plans

CBIZ has granted various stock-based awards under its 2002 Stock Incentive Plan, which is described in further detail in CBIZ’s Annual Report on Form 10-K for the year ended December 31, 2010. The terms and vesting schedules for stock-based awards vary by type and date of grant. Compensation expense for stock-based awards recognized during the three and six months ended June 30, 2011 and 2010 was as follows (in thousands):

	THREE MONTHS ENDED				SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
	2011		2010		2011		2010
Stock options	$	844	$	732	$	1,561	$	1,492
Restricted stock awards		746		543		1,353		1,078
Total stock-based compensation expense	$	1,590	$	1,275	$	2,914	$	2,570

Stock award activity during the six months ended June 30, 2011 was as follows (in thousands, except per share data):

	Stock					Restricted Stock
	Options					Awards
				Weighted					Weighted
				Average					Average
	Number			Exercise		Number			Grant-Date
	of			Price Per		of			Fair
	Options			Share		Shares			Value (1)
Outstanding at beginning of year		5,653		$	7.42		825		$	7.33
Granted		1,501		$	7.41		483		$	7.34
Exercised or released		(219	)	$	3.50		(325	)	$	7.43
Expired or canceled		(59	)	$	7.14		—			—
Outstanding at June 30, 2011		6,876		$	7.54		983		$	7.30
Exercisable at June 30, 2011		3,375		$	7.76

(1) Represents weighted average market value of the shares; awards are granted at no cost to the recipients.