Debt and Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Summary of Unsecured Credit Facility

Rates for the nine months ended September 30, 2016 and 2015 were as follows:

	Nine Months Ended
	September 30,
	2016		2015
Weighted average rates		2.43%		2.04%
Range of effective rates	1.82% - 3.50%		1.65% - 3.25%

Summary of Recognized Interest Expense

During the three and nine months ended September 30, 2016 and 2015, CBIZ recognized interest expense as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Credit facility (1)	$	1,760	$	872	$	5,011	$	3,088
2010 Notes (2)		—		962		—		4,559
2006 Notes		—		6		8		18
Total interest expense	$	1,760	$	1,840	$	5,019	$	7,665

(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 4.875% Convertible Senior Subordinated Notes (the “2010 Notes”) include the contractual coupon interest, amortization of discount and amortization of deferred financing costs.