XML 65 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employer Share Plans
3 Months Ended
Mar. 31, 2013
Employer Share Plans [Abstract]  
Employer Share Plans
10.   Employer Share Plans

CBIZ has granted various stock-based awards under its 2002 Amended and Restated CBIZ, Inc. Stock Incentive Plan, which is described in further detail in CBIZ’s Annual Report on Form 10-K for the year ended December 31, 2012. 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, 2013 and 2012 was as follows (in thousands):

 

                 
    Three Months Ended
March  31,
 
    2013     2012  

Stock options

  $ 719     $ 783  

Restricted stock awards

    717       723  
   

 

 

   

 

 

 

Total stock-based compensation expense

  $ 1,436     $ 1,506  
   

 

 

   

 

 

 

 

Stock award activity during the three months ended March 31, 2013 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

    7,541     $ 7.18       1,078     $ 6.66  

Granted

    —         —         84     $ 6.01  

Exercised or released

    —         —         (70   $ 6.83  

Expired or canceled

    (53   $ 7.47       (8   $ 7.24  
   

 

 

           

 

 

         

Outstanding at March 31, 2013

    7,488     $ 7.18       1,084     $ 6.59  
   

 

 

           

 

 

         

Exercisable at March 31, 2013

    3,933     $ 7.64                  
   

 

 

                         

 

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