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Earnings Per Share | 12 Months Ended
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Dec. 31, 2015
Earnings Per Share [Abstract] |
Earnings Per Share | 15. Earnings Per Share The following table sets forth the reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share from continuing operations for the years ended December 31, 2015, 2014 and 2013 (in thousands, except per share data):
|  | Year Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 35,003 |  |  | $ | 30,414 |  |  | $ | 25,379 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 50,280 |  |  |  | 48,343 |  |  |  | 48,632 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Stock options (1) |  |  | 876 |  |  |  | 761 |  |  |  | 194 |
Restricted stock awards |  |  | 277 |  |  |  | 293 |  |  |  | 263 |
Contingent shares (2) |  |  | 29 |  |  |  | 129 |  |  |  | 52 |
Convertible senior subordinated notes (3) |  |  | 1,231 |  |  |  | 1,961 |  |  |  | — |
Diluted weighted average common shares outstanding |  |  | 52,693 |  |  |  | 51,487 |  |  |  | 49,141 |
Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share from continuing operations |  | $ | 0.70 |  |  | $ | 0.63 |  |  | $ | 0.52 |
Diluted earnings per share from continuing operations |  | $ | 0.66 |  |  | $ | 0.59 |  |  | $ | 0.52 |
(1) | For the years ended December 31, 2015, 2014 and 2013, a total of 1.5 million, 0.9 million and 6.1 million stock based awards, respectively, were excluded from the calculation of diluted earnings per share as their exercise prices would render them anti-dilutive.
(2) | Contingent shares represent additional shares to be issued for purchase price earned by former owners of businesses acquired by CBIZ once future conditions have been met. See Note 18 for further discussion of acquisitions.
(3) | The dilutive impact of shares issued related to the 2010 Notes is based on the average share price of $9.62 for the twelve months ended December 31, 2015 which exceeded the conversion price of $7.41. The 2010 Notes were retired on October 1, 2015 with the amounts available under the credit facility. The dilutive impact is the result of dilution for the year ended December 31, 2015.

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