Employee Share Plans

3 Months Ended

Mar. 31, 2017

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Employee Share Plans

Note 10. Employee Share Plans

In 2015, our shareholders approved the CBIZ, Inc. 2014 Stock Incentive Plan (the “2014 Plan”), which replaced and, for future grants, superseded the 2002 Amended and Restated CBIZ, Inc. Stock Incentive Plan (the “2002 Plan”). The 2014 Plan, which expires in 2024, has operating terms substantially similar to those of the 2002 Plan. A maximum of 9.6 million stock options, shares of restricted stock or other stock-based compensation awards may be granted. Shares subject to award under the 2014 Plan may be either authorized but unissued shares of CBIZ common stock or treasury shares. Compensation expense for stock-based awards recognized during the three months ended March 31, 2017 and 2016 was as follows (in thousands):

	Three Months Ended
	March 31,
	2017		2016
Stock options	$	525	$	579
Restricted stock awards		849		830
Total stock-based compensation expense	$	1,374	$	1,409

Stock award activity during the three months ended March 31, 2017 was as follows (in thousands, except per share data):

	Stock Options					Restricted Stock Awards
	Number of Options			Weighted Average ExercisePrice Per Share		Number of Shares			WeightedAverage Grant-Date Fair Value (1)
Outstanding at beginning of year		4,376		$	8.02		827		$	9.14
Granted		—		$	—		70		$	12.85
Exercised		(335	)	$	7.32		(90	)	$	9.40
Expired or canceled		(3	)	$	6.52		—		$	—
Outstanding at March 31, 2017		4,038		$	8.08		807		$	9.43
Exercisable at March 31, 2017		1,878		$	7.04

(1) Represents weighted average market value of the shares; awards are granted at no cost to the recipients.