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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2015
Investments, All Other Investments [Abstract] |
Summary of Bond Activity | The following table summarizes CBIZ’s bond activity for the years ended December 31, 2015 and 2014 (in thousands):
|  | 2015 |  |  | 2014 |
Fair value at January 1 |  | $ | 38,399 |  |  | $ | 30,011 |
Purchases |  |  | 15,429 |  |  |  | 14,089 |
Sales |  |  | (987 | ) |  |  | (245 | )
Maturities and calls |  |  | (9,677 | ) |  |  | (6,426 | )
Increase in bond premium |  |  | 172 |  |  |  | 1,155 |
Fair market value adjustment |  |  | (194 | ) |  |  | (185 | )
Fair value at December 31 |  | $ | 43,142 |  |  | $ | 38,399 |
Summary of Outstanding Interest Rate Swaps | The following table summarizes CBIZ’s outstanding interest rate swaps and its classification in the accompanying Consolidated Balance Sheets at December 31, 2015 and 2014 (in thousands):
|  | December 31, 2015 |
|  | Notional Amount |  |  | Fair Value (2) |  |  | Balance Sheet Location |
Interest rate swaps (1) |  | $ | 50,000 |  |  | $ | 240 |  |  |  | Other non-current assets |
|  | December 31, 2014 |
|  | Notional Amount |  |  | Fair Value (2) |  |  | Balance Sheet Location |
Interest rate swap (3) |  | $ | 25,000 |  |  | $ | (126 | ) |  |  | Other current liabilities |
(1) | Represents interest rate swaps entered into during the fourth quarter of 2015 with notional values of $10.0 million, $15.0 million and $25.0 million, with maturity tenors of 2, 3 and 5 years, respectively. Under the terms of the interest rate swap, CBIZ pays interest at a fixed rate of 0.885% (2-year), 1.155% (3-year) and 1.300% (5-year) plus applicable margin as stated in the agreement, and receives interest that varies with the one-month LIBOR.
(2) | See additional disclosures regarding fair value measurements in Note 6 to the accompanying consolidated financial statements.
(3) | Represents the $25.0 million notional value interest rate swap that expired in June 2015.
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, 2015 and 2014 (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, |  |  | Location |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |  |
Interest rate swap |  | $ | 230 |  |  | $ | 206 |  |  | $ | (214 | ) |  | $ | (376 | ) |  |  | Interest expense |

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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=56946850&loc=SL5624171-113959 + Details
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