Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table summarizes CBIZ’s assets and liabilities at September 30, 2016 and December 31, 2015 that are measured at fair value on a recurring basis subsequent to initial recognition and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value (in thousands):

	Level	September 30, 2016			December 31, 2015
Deferred compensation plan assets	1	$	70,768		$	64,245
Corporate and municipal bonds	1	$	43,427		$	43,142
Interest rate swaps	2	$	(579	)	$	240
Contingent purchase price liabilities	3	$	(33,914	)	$	(24,817	)

Change in Level 3 Fair Values of Contingent Purchase Price Liabilities

During the nine months ended September 30, 2016 and 2015, there were no transfers between the valuation hierarchy Levels 1, 2 and 3. The following table summarizes the change in Level 3 fair values of the Company’s contingent purchase price liabilities for the nine months ended September 30, 2016 and 2015 (pre-tax basis) (in thousands):

	2016			2015
Beginning balance – January 1	$	(24,817	)	$	(33,368	)
Additions from business acquisitions		(17,755	)		(4,186	)
Settlement of contingent purchase price liabilities		7,945			9,816
Change in fair value of contingencies		936			3,075
Change in net present value of contingencies		(223	)		(115	)
Ending balance – September 30	$	(33,914	)	$	(24,778	)