Employer Share Plans

9 Months Ended

Sep. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Employer Share Plans

10. Employer Share Plans

CBIZ has granted various stock-based awards under its 2002 Amended and Restated CBIZ, Inc. Stock Incentive Plan, which is described in further detail in CBIZ’s Annual Report on Form 10-K for the year ended December 31, 2012. 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 nine months ended September 30, 2013 and 2012 was as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Stock options	$	639	$	754	$	2,088	$	2,224
Restricted stock awards		711		754		2,186		2,153
Total stock-based compensation expense	$	1,350	$	1,508	$	4,274	$	4,377

Stock award activity during the nine months ended September 30, 2013 was as follows (in thousands, except per share data):

	Stock Options					Restricted Stock Awards
	Number of Options			Weighted Average Exercise Price Per Share		Number of Shares			Weighted Average Grant-Date Fair Value (1)
Outstanding at beginning of year		7,541		$	7.18		1,078		$	6.66
Granted		1,497		$	6.52		530		$	6.44
Exercised or released		(90	)	$	6.41		(433	)	$	6.87
Expired or canceled		(1,123	)	$	7.29		(82	)	$	6.56
Outstanding at September 30, 2013		7,825		$	7.05		1,093		$	6.48
Exercisable at September 30, 2013		4,457		$	7.45

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