Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Investments, All Other Investments [Abstract]

The following table summarizes CBIZ’s bond activity for the nine months ended September 30, 2014 and the twelve months ended December 31, 2013 (in thousands):


	Nine Months Ended September 30, 2014			Twelve Months Ended December 31, 2013
Fair value at beginning of period	$	30,011		$	29,776
Purchases		12,955			5,650
Sales		(245	)		(845	)
Maturities and calls		(5,426	)		(4,050	)
Increase (decrease) in bond premium		1,198			(270	)
Fair market value adjustment		(133	)		(250	)

Fair value at end of period	$	38,360		$	30,011

Summary of Outstanding Interest Rate Swap

The following table summarizes CBIZ’s outstanding interest rate swap and its classification on the consolidated balance sheets at September 30, 2014 and December 31, 2013 (in thousands).

September 30, 2014

Notional

Fair

Balance Sheet

Amount

Value (2)

Location

Interest rate swap (1)

25,000

(214

)

Other current liabilities


	December 31, 2013
	Notional		Fair			Balance Sheet
	Amount		Value (2)			Location
Interest rate swap (1)	$	40,000	$	(452	)	Other current and non-current liabilities

Summary of Effects of Interest Rate Swap

The following table summarizes the effects of the interest rate swap on CBIZ’s consolidated statements of comprehensive income for the three and nine months ended September 30, 2014 and 2013 (in thousands):


	Gain Recognized in AOCL, net of tax				Loss Reclassified from AOCL into Expense
	Three Months Ended				Three Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Interest rate swap	$	44	$	32	$	75	$	115

	Nine Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Interest rate swap	$	161	$	175	$	301	$	340