Borrowing Arrangements (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Summary of Carrying Amount of Debt and Equity Components

The carrying amount of the debt and equity components at March 31, 2014 and December 31, 2013 were as follows (in thousands):

	March 31,			December 31,
	2014			2013
Principal amount of notes	$	130,000		$	130,000
Unamortized discount		(4,758	)		(5,494	)
Net carrying amount	$	125,242		$	124,506
Additional paid-in-capital, net of tax	$	8,555		$	8,555

Summary of Recognized Interest Expense on 2010 Notes and 2006 Notes

During the three months ended March 31, 2014 and 2013, CBIZ recognized interest expense on the 2010 Notes and 2006 Notes as follows (in thousands):

	Three Months Ended
	March 31,
	2014		2013
Contractual coupon interest	$	1,590	$	1,590
Amortization of discount		736		684
Amortization of deferred financing costs		180		180
Total interest expense	$	2,506	$	2,454

Summary of Unsecured Credit Facility

Rates for the three months ended March 31, 2014 and 2013 were as follows:

	Three Months Ended March 31,
	2014	2013
Weighted average rates	2.69%	2.97%
Range of effective rates	1.87% - 3.41%	2.67% - 3.91%