Employer Share Plans

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Employer Share Plans

10. Employer Share Plans

Effective May 15, 2014, CBIZ shareholders approved a new plan, the CBIZ, Inc. 2014 Stock Incentive Plan (“2014 Plan”). Under the 2014 Plan, which expires in 2024, a maximum of 9.6 million stock options, shares of restricted stock or other stock-based compensation awards may be granted. Shares subject to award under the 2014 Plan may be either authorized but unissued shares of CBIZ common stock or treasury shares. Compensation expense for stock-based awards recognized during the three months ended March 31, 2016 and 2015 was as follows (in thousands):

	Three Months Ended March 31,
	2016		2015
Stock options	$	579	$	841
Restricted stock awards		830		781
Total stock-based compensation expense	$	1,409	$	1,622

Stock award activity during the three months ended March 31, 2016 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		4,885		$	7.50		962		$	8.08
Granted		—		$	—		86		$	10.41
Exercised or released		(115	)	$	6.93		(83	)	$	8.64
Expired or canceled		(14	)	$	7.70		(2	)	$	7.67
Outstanding at March 31, 2016		4,756		$	7.52		963		$	8.24
Exercisable at March 31, 2016		2,097		$	6.96

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