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Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2015
Investments, All Other Investments [Abstract] |
Summary of Bond Activity | The following table summarizes CBIZ’s bond activity for the three months ended March 31, 2015 and the twelve months ended December 31, 2014 (in thousands):
|  | Three Months Ended March 31, 2015 |  |  | Twelve Months Ended December 31, 2014 |
Fair value at beginning of period |  | $ | 38,399 |  |  | $ | 30,011 |
Purchases |  |  | 3,531 |  |  |  | 14,089 |
Sales |  |  | — |  |  |  | (245 | )
Maturities and calls |  |  | (3,704 | ) |  |  | (6,426 | )
Increase in bond premium |  |  | (19 | ) |  |  | 1,155 |
Fair market value adjustment |  |  | 178 |  |  |  | (185 | )
Fair value at end of period |  | $ | 38,385 |  |  | $ | 38,399 |
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 March 31, 2015 and December 31, 2014 (in thousands).
|  | March 31, 2015
|  | Notional Amount |  |  | Fair Value (2) |  |  | Balance Sheet Location
Interest rate swap (1) |  | $ | 25,000 |  |  | $ | (55 | ) |  | Other current liabilities
|  | December 31, 2014
|  | Notional Amount |  |  | Fair Value (2) |  |  | Balance Sheet Location
Interest rate swap (1) |  | $ | 25,000 |  |  | $ | (126 | ) |  | Other 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 8.
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 three months ended March 31, 2015 and 2014 (in thousands):
|  | Gain recognized in AOCL, net of tax |  |  | Loss reclassified from AOCL into expense |
|  | Three Months Ended March 31, |  |  | Three Months Ended March 31, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Interest rate swap |  | $ | 45 |  |  | $ | 56 |  |  | $ | 73 |  |  | $ | 117 |

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- 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
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