Borrowing Arrangements (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Carrying Amount of Debt and Equity Components

The carrying amount of the debt and equity components at June 30, 2013 and December 31, 2012 were as follows (in thousands):


	June 30,			December 31,
	2013			2012
Principal amount of notes	$	130,000		$	130,000
Unamortized discount		(6,940	)		(8,334	)

Net carrying amount	$	123,060		$	121,666

Additional paid-in-capital, net of tax	$	8,555		$	8,555

The carrying amount of the debt and equity components at June 30, 2013 and December 31, 2012 were as follow (in thousands):


	June 30,		December 31,
	2013		2012
Principal amount of notes	$	750	$	750
Unamortized discount		—		—

Net carrying amount	$	750	$	750

Additional paid-in-capital, net of tax	$	11,425	$	11,425

Summary of Recognized Interest Expense on 2010 Notes and 2006 Notes

During the three and six months ended June 30, 2013 and 2012, CBIZ recognized interest expense on the 2010 Notes and 2006 Notes as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Contractual coupon interest	$	1,590	$	1,591	$	3,181	$	3,181
Amortization of discount		710		659		1,394		1,295
Amortization of deferred financing costs		180		180		360		360

Total interest expense	$	2,480	$	2,430	$	4,935	$	4,836

Summary of Unsecured Credit Facility

June 30, 2013 and December 31, 2012, respectively. Rates for the six months ended June 30, 2013 and 2012 were as follows:


	Six Months Ended June 30,
	2013	2012
Weighted average rates	2.96%	3.22%

Range of effective rates	2.66% - 3.91%	2.69% - 3.91%