Borrowing Arrangements (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Recognized Interest Expense on 2010 Notes and 2006 Notes

For the years ended December 31, 2014 and 2013, CBIZ recognized interest expense on the 2010 Notes and the 2006 Notes as follows (in thousands):

	2014		2013
Contractual coupon interest	$	5,719	$	6,361
Amortization of discount		2,728		2,840
Amortization of deferred financing costs		644		720
Total interest expense	$	9,091	$	9,921

Summary of Unsecured Credit Facility

Rates for the years ended December 31, 2014 and 2013 were as follows:

	2014		2013
Weighted average rates		2.44%		2.99%
Range of effective rates		1.87% - 4.00%		1.88% - 3.91%

2010 Convertible Senior Subordinated Notes [Member]

Summary of Carrying Amount of Debt and Equity Components

The carrying amount of the 2010 Notes at December 31, 2014 and 2013 was as follow (in thousands):

	2014			2013
Principal amount of notes	$	97,650		$	130,000
Unamortized discount		(1,831	)		(5,494	)
Net carrying amount	$	95,819		$	124,506

2006 Convertible Senior Subordinated Notes [Member]

Summary of Carrying Amount of Debt and Equity Components

The carrying amount of the 2006 Notes at December 31, 2014 and 2013 was as follow (in thousands):

	2014		2013
Principal amount of notes	$	750	$	750
Unamortized discount		—		—
Net carrying amount	$	750	$	750