Debt and Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Summary of Unsecured Credit Facility

Rates for the three months ended March 31, 2016 and 2015 were as follows:

	Three Months Ended March 31,
	2016			2015
Weighted average rates		2.50	%		2.21	%
Range of effective rates		1.82% - 3.50	%		1.88% - 3.25	%

Summary of Recognized Interest Expense

During the three months ended March 31, 2016 and 2015, CBIZ recognized interest expense as follows (in thousands):

	Three Months Ended March 31,
	2016		2015
Credit facility (1)	$	1,520	$	1,051
2010 Notes (2)		—		1,920
2006 Notes		6		6
Total interest expense	$	1,526	$	2,977

(1) Components of interest expense related to the credit facility include amortization of deferred financing costs, commitment fees and line of credit fees.

(2) Components of interest expense related to the 2010 Notes include the contractual coupon interest, amortization of discount and amortization of deferred financing costs.