XML 76 R36.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Investments, All Other Investments [Abstract] |
Summary of Bond Activity | The following table summarizes CBIZ’s bond activity for the years ended December 31, 2014 and 2013 (in thousands):
|  | 2014 |  |  | 2013 |
Fair value at January 1 |  | $ | 30,011 |  |  | $ | 29,776 |
Purchases |  |  | 14,089 |  |  |  | 5,650 |
Sales |  |  | (245 | ) |  |  | (845 | )
Maturities and calls |  |  | (6,426 | ) |  |  | (4,050 | )
Increase (decrease) in bond premium |  |  | 1,155 |  |  |  | (270 | )
Fair market value adjustment |  |  | (185 | ) |  |  | (250 | )
Fair value at December 31 |  | $ | 38,399 |  |  | $ | 30,011 |
Summary of Outstanding Interest Rate Swap | The following table summarizes CBIZ’s outstanding interest rate swap and its classification in the accompanying Consolidated Balance Sheets at December 31, 2014 and 2013 (in thousands).
|  | December 31, 2014 |
|  | Notional Amount |  |  | Fair Value (2) |  |  | Balance Sheet Location |
Interest rate swap (1) |  | $ | 25,000 |  |  | $ | (126 | ) |  |  | Other current and non-current liabilities |
|  | December 31, 2013 |
|  | Notional Amount |  |  | Fair Value (2) |  |  | Balance Sheet Location |
Interest rate swap |  | $ | 40,000 |  |  | $ | (452 | ) |  |  | Other current and non-current liabilities |
(1) | Represents interest rate swap with a notional value of $25 million which will expire in June 2015. Under the terms of the interest rate swap, CBIZ pays interest at a fixed rate of 1.41% plus applicable margin as stated in the agreement, and received interest that varied with the three-month LIBOR.
(2) | See additional disclosures regarding fair value measurements in Note 6.
Summary of Effects of Interest Rate Swap | The following table summarizes the effects of the interest rate swap on CBIZ’s accompanying Consolidated Statements of Comprehensive Income for the years ended December 31, 2014 and 2013 (in thousands):
|  | Gain recognized in AOCL, net of tax |  |  | Loss reclassified from AOCL into expense |
|  | Twelve Months Ended December 31, |  |  | Twelve Months Ended December 31, |  |  |  |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  | Location |
Interest rate swap |  | $ | 206 |  |  | $ | 230 |  |  | $ | (376 | ) |  | $ | (459 | ) |  |  | Interest expense |

X
- Definition Summary of bond activity table. + References No definition available. + Details
Name: | cbz_SummaryOfBondActivityTableTextBlock
Namespace Prefix: | cbz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of effects of interest rate swaps table. + References No definition available. + Details
Name: | cbz_SummaryOfEffectsOfInterestRateSwapsTableTextBlock
Namespace Prefix: | cbz_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_InvestmentsAllOtherInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration