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Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Allocated Preliminary Aggregate Purchase Price of Acquisitions

The aggregate purchase price for this acquisition was preliminarily allocated as follows (in thousands):

Recognized amounts of identifiable assets acquired and liabilities assumed:

Current assets		$	346
Identifiable intangible assets			2,774
Accounts payable			(835	)
Accrued liabilities			(389	)
Deferred tax liability – non-current			(1,165	)
Total identifiable net assets		$	731
Goodwill			7,915
Aggregate purchase price		$	8,646

Additions to Goodwill, Client Lists and Other Intangible Assets Resulting from Acquisitions and Contingent Consideration Earned on Prior Period Acquisitions

Additions to goodwill, client lists and other intangible assets resulting from acquisitions and contingent consideration earned on prior period acquisitions during the nine months ended September 30, 2013 and 2012, respectively, were as follows (in thousands):

		2013				2012
Goodwill		$	8,138			$	14,728
Client lists		$	3,609			$	10,243
Other intangible assets		$	171			$	373

Acquisition Acquired Activities

As a result of CBIZ’s acquisition activities during 2012, the following tables provide pro forma financial information as if all the acquisitions were acquired on January 1, 2012. See CBIZ’s Annual Report on Form 10-K for the year ended December 31, 2012 for a detailed description of the businesses that were acquired during 2012. The pro forma financial information includes the effect of certain adjustments to normalize such expenses as interest, amortization, benefits and incentive compensation. The pro forma information is presented for illustrative purposes only and is not necessarily indicative of the results of operations that would have been obtained had these businesses actually been acquired at January 1, 2012, nor are they intended to be a projection of future results of operations. The “Consolidated As Reported” column also includes the impact of treating MMP as discontinued operations.

		Three Months Ended September 30, 2012
		Consolidated As Reported				Pro Forma Adjustments				Pro Forma Consolidated
Revenue		$	149,841			$	10,694			$	160,535
Income from continuing operations after income tax expense		$	3,082			$	653			$	3,735
Earnings per share from continuing operations:
Basic		$	0.06			$	0.01			$	0.07
Diluted		$	0.06			$	0.01			$	0.07
Weighted average common shares outstanding:
Basic			48,895				456				49,351
Diluted			49,109				456				49,565

		Nine Months Ended September 30, 2012
		Consolidated As Reported				Pro Forma Adjustments				Pro Forma Consolidated
Revenue		$	491,603			$	35,487			$	527,090
Income from continuing operations after income tax expense		$	24,029			$	2,734			$	26,763
Earnings per share from continuing operations:
Basic		$	0.49			$	0.05			$	0.54
Diluted		$	0.49			$	0.05			$	0.54
Weighted average common shares outstanding:
Basic			49,014				564				49,578
Diluted			49,278				565				49,843

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(2)-(3)

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- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463



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