Debt and Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2015

Rates for the three months ended March 31, 2015 and 2014 (with respect to the Company’s prior credit facility which was terminated on July 28, 2014) were as follows:


	Three Months Ended March 31,
	2015	2014
Weighted average rates	2.21%	2.69%

Range of effective rates	1.88% - 3.25%	1.87% - 3.41%

Summary of Recognized Interest Expense on 2010 Notes and 2006 Notes

During the three months ended March 31, 2015 and 2014, CBIZ recognized interest expense on the 2010 Notes and 2006 Notes as follows (in thousands):


	Three Months Ended March 31,
	2015		2014
Contractual coupon interest	$	1,196	$	1,590
Amortization of discount		595		736
Amortization of deferred financing costs		135		180

Total interest expense	$	1,926	$	2,506

2010 Convertible Senior Subordinated Notes [Member]

Summary of Carrying Amount of Debt and Equity Components

The carrying amount of the 2010 Notes at March 31, 2015 and December 31, 2014 were as follows (in thousands):


	March 31, 2015			December 31, 2014
Principal amount of notes	$	97,650		$	97,650
Unamortized discount		(1,235	)		(1,831	)

Net carrying amount	$	96,415		$	95,819