Employee Share Plans

3 Months Ended

Mar. 31, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Employee Share Plans

Note 12. Employee Share Plans

We grant various share-based awards under the CBIZ, Inc. 2014 Stock Incentive Plan (the “2014 Plan”), which expires in 2024. The terms and vesting schedules for the share-based awards vary by type and date of grant. 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 our common stock or treasury shares. Compensation expense for stock-based awards recognized during the three months ended March 31, 2018 and 2017 was as follows (in thousands):

	Three Months Ended
	March 31,
	2018		2017
Stock options	$	518	$	525
Restricted stock awards		919		849
Total stock-based compensation expense	$	1,437	$	1,374

Stock award activity during the three months ended March 31, 2018 was as follows (in thousands, except per share data):

	Stock Options					Restricted Stock Awards
	Number of Options			Weighted Average ExercisePrice Per Share		Number of Shares			WeightedAverage Grant-Date Fair Value (1)
Outstanding at beginning of year		3,844		$	9.67		724		$	11.78
Granted		—		$	—		56		$	16.15
Exercised / Vested		(339	)	$	6.69		(80	)	$	11.45
Expired or canceled		—		$	—		—		$	—
Outstanding at March 31, 2018		3,505		$	9.96		700		$	12.16
Exercisable at March 31, 2018		1,667		$	8.08

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