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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2015
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share from Continuing Operations | The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the three and nine months ended September 30, 2015 and 2014 (in thousands, except per share data).
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 9,589 |  |  | $ | 7,320 |  |  | $ | 35,777 |  |  | $ | 31,792 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 51,736 |  |  |  | 48,451 |  |  |  | 49,812 |  |  |  | 48,303 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options (1) |  |  | 905 |  |  |  | 725 |  |  |  | 860 |  |  |  | 779 |
Restricted stock awards |  |  | 204 |  |  |  | 210 |  |  |  | 260 |  |  |  | 290 |
Contingent shares (2) |  |  | 34 |  |  |  | 102 |  |  |  | 34 |  |  |  | 102 |
Convertible senior subordinated notes (3) |  |  | 1,566 |  |  |  | 1,721 |  |  |  | 1,319 |  |  |  | 1,995 |
Diluted weighted average common shares outstanding |  |  | 54,445 |  |  |  | 51,209 |  |  |  | 52,285 |  |  |  | 51,469 |
Basic earnings per share from continuing operations |  | $ | 0.19 |  |  | $ | 0.15 |  |  | $ | 0.72 |  |  | $ | 0.66 |
Diluted earnings per share from continuing operations |  | $ | 0.18 |  |  | $ | 0.14 |  |  | $ | 0.68 |  |  | $ | 0.62 |
(1) | A total of 1.4 million and 1.5 million share based awards were excluded from the calculation of diluted earnings per share for the three and nine months ended September 30, 2015, respectively, and a total of 1.3 million and 1.1 million share based awards were excluded from the calculation of diluted earnings per share for the three and nine months ended September 30, 2014, respectively, as they were anti-dilutive.
(2) | Contingent shares represent additional shares to be issued for purchase price earned by former owners of businesses acquired by CBIZ.
(3) | The dilutive impact of potential shares to be issued related to the 2010 Notes was based on the average share price for the three and nine months ended September 30, 2015 of $9.75 and $9.29 compared to $8.53 and $8.73 for the same period in 2014. The average share prices for the three and nine months ended September 30, 2015 and 2014 exceeded the conversion price of $7.41. Beginning October 1, 2015, the common stock equivalents related to the 2010 Notes will have less of an impact on diluted weighted average shares outstanding due to the maturation of the 2010 Notes.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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