v2.3.0.15
Employer Share Plans
9 Months Ended
Sep. 30, 2011
Employer Share Plans [Abstract] 
Employer Share Plans
10. Employer Share Plans

CBIZ has granted various stock-based awards under its 2002 Stock Incentive Plan, which is described in further detail in CBIZ’s Annual Report on Form 10-K for the year ended December 31, 2010. The terms and vesting schedules for stock-based awards vary by type and date of grant. Compensation expense for stock-based awards recognized during the three and nine months ended September 30, 2011 and 2010 was as follows (in thousands):

 

                                 
    THREE MONTHS ENDED
SEPTEMBER 30,		     NINE MONTHS ENDED
SEPTEMBER 30,		  
    2011     2010     2011     2010  

Stock options

   $ 788     $ 758     $ 2,349     $ 2,250  

Restricted stock awards

     731       615       2,084       1,693  
   

 

 

    

 

 

    

 

 

    

 

 

  

Total stock-based compensation expense

   $ 1,519     $ 1,373     $ 4,433     $ 3,943  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

Stock award activity during the nine months ended September 30, 2011 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

     5,653     $ 7.42       825     $ 7.33  

Granted

     1,501     $ 7.41       483     $ 7.34  

Exercised or released

     (220 )    $ 3.50       (325 )    $ 7.43  

Expired or canceled

     (91 )    $ 7.34       —         —    
   

 

 

            

 

 

          

Outstanding at September 30, 2011

     6,843     $ 7.54       983     $ 7.30  
   

 

 

            

 

 

          

Exercisable at September 30, 2011

     3,361     $ 7.76                  
   

 

 

                          

 

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