Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Bond Activity

The following table summarizes CBIZ’s bond activity for the nine months ended September 30, 2013 and the twelve months ended December 31, 2012 (in thousands):

	Nine Months Ended September 30, 2013			Twelve Months Ended December 31, 2012
Fair value at beginning of period	$	29,776		$	30,923
Purchases		4,965			5,742
Sales		(345	)		(2,000	)
Maturities and calls		(3,800	)		(4,900	)
Decrease in bond premium		(253	)		(290	)
Fair market value adjustment		(217	)		301
Fair value at end of period	$	30,126		$	29,776

Summary of Outstanding Interest Rate Swap

The following table summarizes CBIZ’s outstanding interest rate swap and its classification on the consolidated balance sheets at September 30, 2013 and December 31, 2012 (in thousands).

	September 30, 2013
	Notional		Fair			Balance Sheet
	Amount		Value (2)			Location
Interest rate swap (1)	$	40,000	$	(539	)	Other current and non-current liabilities
	December 31, 2012
	Notional		Fair			Balance Sheet
	Amount		Value (2)			Location
Interest rate swap (1)	$	40,000	$	(817	)	Other non-current liabilities

(1) Represents interest rate swap with a notional value of $40.0 million, of which $15.0 million will expire in June 2014 and the remaining $25.0 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 received interest that varied with the three-month LIBOR.

(2) See additional disclosures regarding fair value measurements in Note 8.

Summary of Effects of Interest Rate Swap

The following table summarizes the effects of the interest rate swap on CBIZ’s consolidated statements of comprehensive income for the three and nine months ended September 30, 2013 and 2012 (in thousands):

	Gain (loss) Recognized in AOCL, net of tax					Loss Reclassified from AOCL into Expense
	Three Months Ended September 30,					Three Months Ended September 30,
	2013		2012			2013		2012
Interest rate swap	$	32	$	(62	)	$	115	$	97
	Nine Months Ended September 30,					Nine Months Ended September 30,
	2013		2012			2013		2012
Interest rate swap	$	175	$	(155	)	$	340	$	282