XML 56 R42.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Earnings Per Share (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share from Continuing Operations | 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, 2016, 2015 and 2014 (in thousands, except per share data):
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 40,607 |  |  | $ | 35,003 |  |  | $ | 30,414 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 52,321 |  |  |  | 50,280 |  |  |  | 48,343 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Stock options (1) |  |  | 870 |  |  |  | 876 |  |  |  | 761 |
Restricted stock awards |  |  | 261 |  |  |  | 277 |  |  |  | 293 |
Contingent shares (2) |  |  | 61 |  |  |  | 29 |  |  |  | 129 |
Convertible senior subordinated notes (3) |  |  | — |  |  |  | 1,231 |  |  |  | 1,961 |
Diluted weighted average common shares outstanding |  |  | 53,513 |  |  |  | 52,693 |  |  |  | 51,487 |
Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share from continuing operations |  | $ | 0.78 |  |  | $ | 0.70 |  |  | $ | 0.63 |
Diluted earnings per share from continuing operations |  | $ | 0.76 |  |  | $ | 0.66 |  |  | $ | 0.59 |
(1) | For the years ended December 31, 2016, 2015 and 2014, a total of 0.8 million, 1.5 million and 0.9 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. For further details, refer to Note 18, Acquisitions.
(3) | The 2010 Notes were retired on October 1, 2015 with the amounts available under the credit facility. The dilutive impact of potential shares to be issued related to the 2010 Notes was based on the average share price of $9.62 and $8.71 in 2015 and 2014, which exceeded the conversion price of $7.41.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration