Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Financial Instruments [Abstract]

Summary of bond activity

The following table summarizes CBIZ’s bond activity for the years ended December 31, 2012 and 2011 (in thousands):

	2012			2011
Fair value at January 1	$	30,923		$	15,255
Purchases		5,742			19,643
Sales		(2,000	)		(3,000	)
Maturities and calls		(4,900	)		(1,916	)
(Decrease) increase in bond premium		(290	)		914
Fair market value adjustment		301			27
Fair value at December 31	$	29,776		$	30,923

Summary of outstanding interest rate swap

The following table summarizes CBIZ’s outstanding interest rate swaps and their classification on the consolidated balance sheets at December 31, 2012 and 2011 (in thousands).

	December 31, 2012
	Notional Amount		Fair Value(2)		Balance  Sheet Location
Interest rate swaps(1)	$	40,000	$	(817)		Other non-current liabilities

	December 31, 2011
	Notional Amount		Fair Value(2)		Balance  Sheet Location
Interest rate swaps(1)	$	40,000	$	(670)		Other non-current liabilities

(1) Represents interest rate swap with a notional value of $40.0 million, of which $25.0 million will expire in June 2014 and the remaining $15.0 million will expire in June 2015. Under the terms of the interest rate swap, CBIZ pays interest at a fixed rate of 1.41% plus applicable margin as stated in the agreement, and receives interest that varies with the three-month LIBOR.

(2) See additional disclosures regarding fair value measurements in Note 6.

Summary of effects of interest rate swaps

The following table summarizes the effects of interest rate swaps on CBIZ’s consolidated statements of comprehensive income for the twelve months ended December 31, 2012 and 2011 (in thousands):

	Loss Recognized in AOCL, net of tax						Loss Reclassified from AOCL into Expense
	Twelve Months Ended December 31,						Twelve Months Ended     December  31,
	2012			2011			2012		2011		Location
Interest rate swaps	$	(93	)	$	(412	)	$	387	$	266		Interest expense