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Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2016
Investments All Other Investments [Abstract] |
Summary of Bond Activity | The following table summarizes CBIZ’s bond activity for the six months ended June 30, 2016 and the twelve months ended December 31, 2015 (in thousands):
|  | Six Months Ended |  |  | Twelve Months Ended |
|  | June 30, 2016 |  |  | December 31, 2015 |
Fair value at beginning of period |  | $ | 43,142 |  |  | $ | 38,399 |
Purchases |  |  | 4,963 |  |  |  | 15,429 |
Redemptions |  |  | (1,490 | ) |  |  | (987 | )
Maturities |  |  | (3,257 | ) |  |  | (9,677 | )
Increase in bond premium |  |  | (205 | ) |  |  | 172 |
Fair market value adjustment |  |  | 572 |  |  |  | (194 | )
Fair value at end of period |  | $ | 43,725 |  |  | $ | 43,142 |
Summary of Outstanding Interest Rate Swaps | The following table summarizes CBIZ’s outstanding interest rate swaps and their classification in the accompanying Consolidated Balance Sheets at June 30, 2016 and December 31, 2015 (in thousands):
|  | June 30, 2016
|  | Notional |  |  | Fair |  |  |
|  | Amount |  |  | Value (1) |  |  | Balance Sheet Location
Interest rate swaps (2) |  | $ | 60,000 |  |  | $ | (972 | ) |  | Other non-current liabilities
|  | December 31, 2015
|  | Notional |  |  | Fair |  |  |
|  | Amount |  |  | Value (1) |  |  | Balance Sheet Location
Interest rate swaps |  | $ | 50,000 |  |  | $ | 240 |  |  | Other non-current assets
| (1) | See additional disclosures regarding fair value measurements in Note 8.
| (2) | The notional value of each interest rate swap is $10.0 million, $15.0 million, $25.0 million, and $10.0 million with maturity tenors of 2, 3, 5 and 5 years, respectively. Under the terms of the interest rate swaps, CBIZ pays interest at a fixed rate of 0.885% (2-year), 1.155% (3-year), 1.300% (5-year) and 1.120% (5-year) plus applicable margin as stated in the agreement, and receives interest that varies with the one-month LIBOR.
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 three and six months ended June 30, 2016 and 2015 (in thousands):
|  | Gain Recognized in AOCL, net of tax |  |  | Loss Reclassified from AOCL into Expense |
|  | Three Months Ended |  |  | Three Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Interest rate swap |  | $ | (231 | ) |  | $ | 34 |  |  | $ | (110 | ) |  | $ | 55 |
|  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Interest rate swap |  | $ | (763 | ) |  | $ | 79 |  |  | $ | 215 |  |  | $ | 128 |

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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=64837297&loc=SL5624171-113959 + Details
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