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Debt and Financing Arrangements (Tables)
 9 Months Ended
Sep. 30, 2015
Summary of Unsecured Credit Facility

Rates for the nine months ended September 30, 2015 and 2014 were as follows:

 

     Nine Months Ended
September 30,		  
     2015     2014  

Weighted average rates

      2.04 %      2.55 % 
  

 

 

    

 

 

  

Range of effective rates

      1.65% - 3.25 %      1.87% - 3.25 % 
  

 

 

    

 

 

  
Summary of Recognized Interest Expense

During the three and nine months ended September 30, 2015 and 2014, CBIZ recognized interest expense as follows (in thousands):

 

     Three Months Ended
September 30,		      Nine Months Ended
September 30,		  
     2015      2014      2015      2014  

2010 Notes (1)

    $ 808       $ 2,132       $ 4,455       $ 7,188   

Credit facility (2)

      1,032       $ 991         3,210         2,945   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total interest expense

    $ 1,840       $ 3,123       $ 7,665       $ 10,133   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) Components of interest expense related to the 2010 Notes include the contractual coupon interest, amortization of discount and amortization of deferred financing costs. The portion related to the 2006 Notes is included but is insignificant.
(2) Components of interest expense related to the credit facility include amortization of deferred financing costs, commitment fees and line of credit fees.
2010 Convertible Senior Subordinated Notes [Member]  
Summary of Carrying Amount of Debt and Equity Components

The carrying amount of the 2010 Notes at September 30, 2015 and December 31, 2014 were as follows (in thousands):

 

     September 30,      December 31,  
     2015      2014  

Principal amount of notes

    $ 48,373       $ 97,650   

Unamortized discount

      —           (1,831 ) 
  

 

 

     

 

 

  

Net carrying amount

    $ 48,373       $ 95,819