v2.4.0.6
Employer Share Plans
 3 Months Ended
Mar. 31, 2012
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, 2011. 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 months ended March 31, 2012 and 2011 was as follows (in thousands):

 

                 
    Three Months Ended
March 31,		  
    2012     2011  

Stock options

   $ 783     $ 717  

Restricted stock awards

     723       607  
   

 

 

    

 

 

  

Total stock-based compensation expense

   $ 1,506     $ 1,324  
   

 

 

    

 

 

  

Stock award activity during the three months ended March 31, 2012 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

     6,825     $ 7.54       983     $ 7.30  

Granted

     —         —         70     $ 6.70  

Exercised or released

     —         —         (63 )    $ 6.95  

Expired or canceled

     (75 )    $ 7.73       —         —    
   

 

 

            

 

 

          

Outstanding at March 31, 2012

     6,750     $ 7.54       990     $ 7.28  
   

 

 

            

 

 

          

Exercisable at March 31, 2012

     3,278     $ 7.76                  
   

 

 

                          

 

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