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Six Months Ended

Weighted average rates

Range of effective rates

1.11% - 4.75%

2.12% - 5.50%

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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2020	Jul. 30, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	CBZ
Entity Registrant Name	CBIZ, Inc.
Entity Central Index Key	0000944148
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.01 Par Value
Security Exchange Name	NYSE
Entity File Number	1-32961
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-2769024
Entity Address, Address Line One	6050 Oak Tree Boulevard
Entity Address, Address Line Two	South
Entity Address, Address Line Three	Suite 500
Entity Address, City or Town	Cleveland
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44131
City Area Code	216
Local Phone Number	447-9000
Document Transition Report	false
Document Quarterly Report	true
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		54,681,666

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 9,620	$ 567
Restricted cash	42,411	29,595
Accounts receivable, net	267,198	222,031
Other current assets	22,472	24,325
Current assets before funds held for clients	341,701	276,518
Funds held for clients	130,473	179,502
Total current assets	472,174	456,020
Non-current assets:
Property and equipment, net	40,199	39,412
Goodwill and other intangible assets, net	661,180	654,671
Assets of deferred compensation plan	107,709	106,851
Operating lease right-of-use asset, net	143,143	140,831
Other non-current assets	3,203	2,989
Total non-current assets	955,434	944,754
Total assets	1,427,608	1,400,774
Current liabilities:
Accounts payable	86,484	68,510
Income taxes payable	17,803	57
Accrued personnel costs	40,185	59,898
Contingent purchase price liability	15,646	16,193
Operating lease liability	28,305	29,030
Other current liabilities	14,934	13,218
Current liabilities before client fund obligations	203,357	186,906
Client fund obligations	129,942	179,020
Total current liabilities	333,299	365,926
Non-current liabilities:
Bank debt	120,000	105,500
Debt issuance costs	(987)	(1,167)
Total long-term debt	119,013	104,333
Income taxes payable	3,245	3,053
Deferred income taxes, net	12,332	11,720
Deferred compensation plan obligations	107,709	106,851
Contingent purchase price liability	11,815	15,896
Operating lease liability	135,013	132,018
Other non-current liabilities	9,962	1,739
Total non-current liabilities	399,089	375,610
Total liabilities	732,388	741,536
STOCKHOLDERS' EQUITY
Common stock	1,335	1,331
Additional paid in capital	725,064	714,704
Retained earnings	537,892	479,576
Treasury stock	(566,762)	(535,693)
Accumulated other comprehensive loss	(2,309)	(680)
Total stockholders’ equity	695,220	659,238
Total liabilities and stockholders’ equity	$ 1,427,608	$ 1,400,774

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Revenue	$ 236,943	$ 235,498	$ 514,398	$ 505,496
Operating expenses	209,016	198,148	408,843	413,644
Gross margin	27,927	37,350	105,555	91,852
Corporate general and administrative expenses	11,160	10,566	21,649	22,246
Operating income	16,767	26,784	83,906	69,606
Other income (expense):
Interest expense	(2,074)	(1,587)	(3,193)	(2,988)
Gain on sale of operations, net	57	50	152	547
Other income (expense), net	13,336	(3,311)	(2,464)	5,949
Total other income (expense), net	11,319	(4,848)	(5,505)	3,508
Income from continuing operations before income tax expense	28,086	21,936	78,401	73,114
Income tax expense	6,607	5,322	20,060	18,935
Income from continuing operations	21,479	16,614	58,341	54,179
Loss from discontinued operations, net of tax	(11)	(22)	(25)	(118)
Net income	$ 21,468	$ 16,592	$ 58,316	$ 54,061
Earnings per share Basic:
Continuing operations	$ 0.40	$ 0.31	$ 1.07	$ 1.00
Discontinued operations
Net income	0.40	0.31	1.07	1.00
Earnings per share Diluted:
Continuing operations	0.39	0.30	1.05	0.97
Discontinued operations
Net income	$ 0.39	$ 0.30	$ 1.05	$ 0.97
Basic weighted average shares outstanding	54,142	54,090	54,356	54,188
Diluted weighted average shares outstanding	55,116	55,495	55,515	55,701
Comprehensive income:
Net income	$ 21,468	$ 16,592	$ 58,316	$ 54,061
Other comprehensive loss, net of tax	(377)	(422)	(1,629)	(341)
Comprehensive income	$ 21,091	$ 16,170	$ 56,687	$ 53,720

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Gain [Member]
Balance, Amount at Dec. 31, 2018	$ 593,663	$ 1,314	$ (508,530)	$ 692,398	$ 408,963	$ (482)
Balance, Shares at Dec. 31, 2018		131,404	76,332
Cumulative-effect of accounting changes adjustment					(101)	101
Net income	54,061				54,061
Other comprehensive loss	(341)					(341)
Share repurchases	(21,732)		$ (21,732)
Share repurchases, Shares			1,096
Restricted stock		$ 2		(2)
Restricted stock, Shares		228
Stock options exercised	3,043	$ 4		3,039
Stock options exercised, Shares		378
Stock-based compensation	3,399			3,399
Business acquisitions	1,967	$ 1		1,966
Business acquisitions, Shares		98
Balance, Amount at Jun. 30, 2019	634,060	$ 1,321	$ (530,262)	700,800	462,923	(722)
Balance, Shares at Jun. 30, 2019		132,108	77,428
Balance, Amount at Mar. 31, 2019	623,487	$ 1,318	$ (520,088)	696,226	446,331	(300)
Balance, Shares at Mar. 31, 2019		131,813	76,912
Net income	16,592				16,592
Other comprehensive loss	(422)					(422)
Share repurchases	(10,174)		$ (10,174)
Share repurchases, Shares			516
Restricted stock		$ 1		(1)
Restricted stock, Shares		55
Stock options exercised	1,643	$ 2		1,641
Stock options exercised, Shares		189
Stock-based compensation	1,917			1,917
Business acquisitions	1,017			1,017
Business acquisitions, Shares		51
Balance, Amount at Jun. 30, 2019	634,060	$ 1,321	$ (530,262)	700,800	462,923	(722)
Balance, Shares at Jun. 30, 2019		132,108	77,428
Balance, Amount at Dec. 31, 2019	659,238	$ 1,331	$ (535,693)	714,704	479,576	(680)
Balance, Shares at Dec. 31, 2019		133,056	77,637
Net income	58,316				58,316
Other comprehensive loss	(1,629)					(1,629)
Share repurchases	(31,069)		$ (31,069)
Share repurchases, Shares			1,244
Restricted stock, Shares		40
Stock options exercised	$ 3,227	$ 3		3,224
Stock options exercised, Shares	327	327
Stock-based compensation	$ 4,280			4,280
Business acquisitions	2,857	$ 1		2,856
Business acquisitions, Shares		113
Balance, Amount at Jun. 30, 2020	695,220	$ 1,335	$ (566,762)	725,064	537,892	(2,309)
Balance, Shares at Jun. 30, 2020		133,536	78,881
Balance, Amount at Mar. 31, 2020	670,260	$ 1,332	$ (565,180)	719,616	516,424	(1,932)
Balance, Shares at Mar. 31, 2020		133,241	78,811
Net income	21,468				21,468
Other comprehensive loss	(377)					(377)
Share repurchases	(1,582)		$ (1,582)
Share repurchases, Shares			70
Restricted stock, Shares		40
Stock options exercised	2,214	$ 2		2,212
Stock options exercised, Shares		211
Stock-based compensation	2,257			2,257
Business acquisitions	980	$ 1		979
Business acquisitions, Shares		44
Balance, Amount at Jun. 30, 2020	$ 695,220	$ 1,335	$ (566,762)	$ 725,064	$ 537,892	$ (2,309)
Balance, Shares at Jun. 30, 2020		133,536	78,881

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 58,316	$ 54,061
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	11,491	10,976
Bad debt expense, net of recoveries	3,234	1,506
Adjustment to contingent earnout liability	(155)	(193)
Stock-based compensation expense	4,280	3,399
Excess tax benefits from share based payment arrangements	(1,427)	(1,475)
Deferred income taxes	1,129	1,797
Other, net	(14)	(250)
Changes in assets and liabilities, net of acquisitions and divestitures:
Accounts receivable, net	(47,545)	(65,684)
Other assets	894	362
Accounts payable	17,810	28,987
Income taxes payable	19,365	8,518
Accrued personnel costs	(19,824)	(21,703)
Other liabilities	8,014	(602)
Operating cash flows provided by continuing operations	55,568	19,699
Operating cash flows used in discontinued operations	(45)	(119)
Net cash provided by operating activities	55,523	19,580
Cash flows from investing activities:
Business acquisitions and purchases of client lists, net of cash acquired	(7,888)	(1,293)
Purchases of client fund investments	(3,447)	(13,920)
Proceeds from the sales and maturities of client fund investments	25,316	10,556
Increase in funds held for clients	3,125	369
Additions to property and equipment, net	(5,306)	(6,916)
Other, net	1,007	325
Net cash provided by (used in) investing activities	12,807	(10,879)
Cash flows from financing activities:
Proceeds from bank debt	440,254	265,796
Payment of bank debt	(425,754)	(242,296)
Payment for acquisition of treasury stock	(31,069)	(21,732)
Decrease in client funds obligations	(50,793)	(34,947)
Proceeds from exercise of stock options	3,227	3,043
Payment of contingent consideration for acquisitions	(6,199)	(11,718)
Other, net	(226)	(222)
Net cash used in financing activities	(70,560)	(42,076)
Net decrease in cash, cash equivalents and restricted cash	(2,230)	(33,375)
Cash, cash equivalents and restricted cash at beginning of year	146,505	130,554
Cash, cash equivalents and restricted cash at end of period	144,275	97,179
Reconciliation of cash, cash equivalents and restricted cash to the Consolidated Balance Sheets:
Cash and cash equivalents	9,620	2,628
Restricted cash	42,411	30,126
Cash equivalents included in funds held for clients	92,244	64,425
Cash, cash equivalents and restricted cash at end of period	$ 144,275	$ 97,179

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Selected Terms Used in Notes to the Consolidated Financial Statements

ASA – Administrative Service Agreement

ASC – Accounting Standards Codification

ASU – Accounting Standards Update

CPA firm – Certified Public Accounting firm

FASB – The Financial Accounting Standards Board

GAAP – United States Generally Accepted Accounting Principles

LIBOR – London Interbank Offered Rate

SEC – United States Securities and Exchange Commission

Topic 326 – ASU No. 2016-13, Financial Instruments – Credit Losses

CECL – Current expected credit losses

Description of Business: CBIZ, Inc. is a diversified services company which, acting through its subsidiaries, has been providing professional business services since 1996, primarily to small and medium-sized businesses, as well as individuals, governmental entities, and not-for-profit enterprises throughout the United States and parts of Canada. CBIZ, Inc. manages and reports its operations along three practice groups; Financial Services, Benefits and Insurance Services and National Practices. A further description of products and services offered by each of the practice groups is provided in Note 13, Segment Disclosures, to the accompanying consolidated financial statements.

Basis of Consolidation: The accompanying unaudited condensed consolidated financial statements include the operations of CBIZ, Inc. and all of its wholly-owned subsidiaries (“CBIZ”, the “Company”, “we”, “us”, or “our”), after elimination of all intercompany balances and transactions. These condensed consolidated financial statements do not reflect the operations or accounts of variable interest entities as the impact is not material to the financial condition, results of operations or cash flows of CBIZ.

Unaudited Interim Financial Statements: The condensed consolidated financial statements have been prepared in accordance with GAAP and applicable rules and regulations of the SEC regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019.

In the opinion of CBIZ management, the accompanying condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial condition, results of operations, and cash flows for the interim periods presented, but are not necessarily indicative of the results of operations to be anticipated for the full year ending December 31, 2020.

Use of Estimates: The preparation of condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Changes in circumstances could cause actual results to differ materially from these estimates.

Changes in Accounting Policies: Except for the adoption of Topic 326, which required a change in our accounting policy, we have consistently applied the accounting policies for the periods presented as described in Note 1, Basis of Presentation and Significant Accounting Policies, to the consolidated financial statements contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019. Effective January 1, 2020, we changed our accounting policy for the valuation of accounts receivable allowances and available-for-sale securities as a result of adopting Topic 326 as described in Note 2, New Accounting Pronouncements.

New Accounting Pronouncements

6 Months Ended

Jun. 30, 2020

Accounting Changes And Error Corrections [Abstract]

New Accounting Pronouncements

NOTE 2. New Accounting Pronouncements

The FASB ASC is the sole source of authoritative GAAP other than the SEC issued rules and regulations that apply only to SEC registrants. The FASB issues an accounting standard to communicate changes to the FASB codification. We assess and review the impact of all accounting standards. Any accounting standards not listed below were reviewed and determined to be either not applicable or are not expected to have a material impact on the consolidated financial statements of the Company.

Accounting Standards Adopted in 2020

Credit Losses: Effective January 1, 2020, we adopted Topic 326, which replaces the incurred loss model with an expected loss model that is referred to as the current expected credit loss model. The CECL model requires the Company to immediately recognize an estimate of credit losses that are expected to occur over the life of financial instruments recorded at amortized cost, including trade receivables.

Topic 326 also amends the other-than-temporary impairment model for available-for-sale securities by requiring the recognition of credit loss impairments as an allowance rather than a write-down on available-for-sale securities. The length of time a security has been in an unrealized loss position will no longer impact the determination of whether a credit loss exists.

For financial instruments recorded at amortized cost, we did not recognize a cumulative-effect adjustment to retained earnings as the adoption of Topic 326 did not have a material impact on our consolidated financial statements. For available-for-sale securities, the updated guidance was applied prospectively.

Fair Value Measurement: On January 1, 2020, we adopted ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. This standard amends existing fair value measurement disclosure requirements by adding, changing, or removing certain disclosures. The adoption of this guidance did not have a material impact on our consolidated financial statements.

Income Taxes: On January 1, 2020, we adopted ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The adoption of this guidance did not have a material impact on our consolidated financial statements.

Accounting Standards Issued But Not Yet Adopted

Reference Rate Reform: In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this ASU are effective for all entities through December 31, 2022. We are currently evaluating the effect of this new standard on our consolidated financial statements.

Accounts Receivable, Net

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Accounts Receivable, Net

Note 3. Accounts Receivable, Net

Accounts receivable, less the allowance for doubtful accounts, represents the net amount expected to be collected. Assessing the collectability of the receivables (billed and unbilled) requires management judgment based on a combination of factors, including but not limited to, an evaluation of our historical incurred loss experience, credit-worthiness of our clients, age of the trade receivable balance, current economic conditions that may affect a client’s ability to pay, and reasonable and supportable forecasts. Receivables are charged-off against the allowance when the balance is deemed uncollectible.

We considered the impact of the COVID-19 pandemic, the resulting macroeconomic conditions, client’s location, industry, and financial position in our estimation of the allowance for doubtful accounts. During the three and six month periods ended June 30, 2020, we recorded bad debt expense due to the COVID-19 pandemic of $0.2 million and $2.2 million, respectively.

Accounts receivable, net, at June 30, 2020 and December 31, 2019 were as follows (in thousands):

	June 30,			December 31,
	2020			2019
Trade accounts receivable	$	197,725		$	176,375
Unbilled revenue, at net realizable value		85,845			60,035
Total accounts receivable		283,570			236,410
Allowance for doubtful accounts		(16,372	)		(14,379	)
Accounts receivable, net	$	267,198		$	222,031

Changes to the allowance for doubtful accounts for the six months ended June 30, 2020 are as follows (in thousands):

	June 30,
	2020
Balance at beginning of period	$	(14,379	)
Provision for losses		(4,982	)
Charge-offs, net of recoveries		2,989
Allowance for doubtful accounts	$	(16,372	)

Debt and Financing Arrangements

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Debt and Financing Arrangements

Note 4. Debt and Financing Arrangements

2018 Credit Facility - Our primary financing arrangement is the $400 million unsecured credit facility (the “2018 credit facility” or the “credit facility”), which provides us with the capital necessary to meet our working capital needs as well as the flexibility to continue with our strategic initiatives, including business acquisitions and share repurchases. The 2018 credit facility matures in 2023. The balance outstanding under the 2018 credit facility was $120.0 million and $105.5 million at June 30, 2020 and December 31, 2019, respectively. Effective interest rates, including the impact of interest rate swaps associated with the 2018 credit facility, were as follows:

We had approximately $270.4 million of available funds under the credit facility at June 30, 2020, net of outstanding letters of credit of $1.3 million. As of June 30, 2020, we were in compliance with our debt covenants.

Other Line of Credit - We have an unsecured $20.0 million line of credit by and among CBIZ Benefits and Insurance, Inc. and the Huntington National Bank. We utilize this line to support our short-term funding requirements of payroll client fund obligations due to the investment of client funds, rather than liquidating client funds that have already been invested in available-for-sale securities. The line of credit, which terminates August 6, 2020, did not have a balance outstanding at June 30, 2020. Refer to our Annual Report on Form 10-K for the year ended December 31, 2019 for additional details of our debt and financing arrangements.

Interest Expense - Interest expense, including amortization of deferred financing costs, commitment fees, line of credit fees, and other applicable bank charges, was as follows (in thousands):

	Three Months Ended June 30,
	2020		2019
2018 credit facility	$	2,056	$	1,564
Other		18		23
Total	$	2,074	$	1,587

	Six Months Ended June 30,
	2020		2019
2018 credit facility	$	3,157	$	2,946
Other line of credit		1		—
Other		35		42
Total	$	3,193	$	2,988

Commitments and Contingencies

6 Months Ended

Jun. 30, 2020

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 5. Commitments and Contingencies

Letters of Credit and Guarantees - We provide letters of credit to landlords (lessors) of our leased premises in lieu of cash security deposits, which totaled $1.3 million at both June 30, 2020 and December 31, 2019. In addition, we provide license bonds to various state agencies to meet certain licensing requirements. The amount of license bonds outstanding was $2.3 million at both June 30, 2020 and December 31, 2019.

Legal Proceedings - In 2010, CBIZ, Inc. and its subsidiary, CBIZ MHM, LLC (fka CBIZ Accounting, Tax & Advisory Services, LLC) (the “CBIZ Parties”), were named as defendants in lawsuits filed in the U.S. District Court for the District of Arizona and the Superior Court for Maricopa County, Arizona. The federal court case is captioned Robert Facciola, et al v. Greenberg Traurig LLP, et al, and the state court cases are captioned Victims Recovery, LLC v. Greenberg Traurig LLP, et al, Roger Ashkenazi, et al v. Greenberg Traurig LLP, et al, Mary Marsh, et al v. Greenberg Traurig LLP, et al; and ML Liquidating Trust v. Mayer Hoffman McCann, P.C. (“Mayer Hoffman”), et al. Prior to these lawsuits CBIZ MHM, LLC was named as a defendant in Jeffrey C. Stone v. Greenberg Traurig LLP, et al.

These lawsuits arose out of the bankruptcy of Mortgages Ltd., a mortgage lender to developers in the Phoenix, Arizona area. Various other professional firms and individuals not related to the Company were also named defendants in these lawsuits. The lawsuits asserted claims for, among others things, violations of the Arizona Securities Act, common law fraud, and negligent misrepresentation, and sought to hold the CBIZ Parties vicariously liable for Mayer Hoffman’s conduct as Mortgage Ltd.’s auditor, as either a statutory control person under the Arizona Securities Act or a joint venturer under Arizona common law.

With the exception of claims being pursued by two plaintiffs from the Ashkenazi lawsuit (“Baldino Group”), all other related matters have been dismissed or settled without payment by the CBIZ Parties. The Baldino Group’s claims, which allege damages of approximately $16.0 million, are currently pending, though no trial date has been set.

On September 16, 2016, CBIZ, Inc. and its subsidiary CBIZ Benefits & Insurance Services, Inc. (“CBIZ Benefits”) were named as defendants in a lawsuit filed in the U.S. District Court for the Western District of Pennsylvania. The federal court case is brought by UPMC, d/b/a University of Pittsburgh Medical Center, and a health system it acquired, UPMC Altoona (formerly, Altoona Regional Health System). The lawsuit asserts professional negligence, breach of contract, and negligent misrepresentation claims against CBIZ, CBIZ Benefits and a former employee of CBIZ Benefits in connection with actuarial services provided by CBIZ Benefits to Altoona Regional Health System. The plaintiff now seeks compensatory damages of between $124.0 million and $266.0 million, plus punitive damages. The Court recently denied CBIZ Benefits’ motion for a summary judgment and trial is set for March 2021.

We cannot predict the outcome of the above matters or estimate the possible loss or range of possible loss, if any. Although the proceedings are subject to uncertainties inherent in the litigation process and the ultimate disposition of these proceedings is not presently determinable, we intend to vigorously defend these cases. In addition to those items disclosed above, we are, from time to time, subject to claims and lawsuits arising in the ordinary course of business.

Financial Instruments

6 Months Ended

Jun. 30, 2020

Investments All Other Investments [Abstract]

Financial Instruments

Note 6. Financial Instruments

Available-For-Sale Debt Securities - In connection with certain services provided by our payroll operations, we collect funds from our clients’ accounts in advance of paying client obligations. These funds held for clients are segregated and invested in accordance with our investment policy, which requires all investments carry an investment grade rating at the time of initial investment. These investments, primarily consisting of corporate and municipal bonds and US treasury bills, are classified as available-for-sale and are included in the “Funds held for clients” line item in the accompanying Consolidated Balance Sheets. The par value of these investments totaled $37.1 million and $58.9 million at June 30, 2020 and December 31, 2019, respectively, and had maturity or callable dates ranging from July 2020 through November 2024.

At June 30, 2020, unrealized losses on the securities totaling $0.1 million have not been recognized as a credit loss because the bonds are investment grade quality and management is not required or does not intend to sell prior to an expected recovery in value. The bond issuers continue to make timely principal and interest payments.

The following table summarizes activities related to these investments for the six months ended June 30, 2020 and the twelve months ended December 31, 2019 (in thousands):

	Six Months Ended			Twelve Months Ended
	June 30, 2020			December 31, 2019
Fair value at beginning of period	$	60,659		$	56,556
Purchases		3,447			27,216
Redemptions		(19,048	)		(1,686	)
Maturities		(6,268	)		(22,272	)
Decrease in bond premium		(625	)		(460	)
Fair market value adjustment		64			1,305
Fair value at end of period	$	38,229		$	60,659

In addition to the available-for-sale securities discussed above, we also hold certificates of deposit and other depository assets in the amount of $2.5 million at December 31, 2019. We did not have any depository items at June 30, 2020.

Interest Rate Swaps - We utilize interest rate swaps to manage interest rate risk exposure associated with our floating-rate debt under the 2018 credit facility, or the forecasted acquisition of such liability. We do not purchase or hold any derivative instruments for trading or speculative purposes. In March 2020, we entered into a new interest rate swap with a notional amount of $50 million and a fixed interest rate of 0.885%. Effective June 26, 2020, we terminated an existing interest rate swap with the notional value of $25 million, fixed interest rate of 1.30% and an expiration date of October 2020. Refer to the Annual Report on Form 10-K for the year ended December 31, 2019 for further discussion on our interest rate swaps.

As of June 30, 2020, we have four interest rate swaps outstanding. Under the terms of the interest rate swaps, we pay interest at a fixed rate of interest plus applicable margin as stated in the agreement, and receive interest that varies with the one-month LIBOR. The notional value, fixed rate of interest and expiration date of each interest rate swap as of June 30, 2020 was (i) $10 million – 1.120% - February 2021, (ii) $20 million – 1.770% - May 2022, (iii) $15 million – 2.640% - June 2023 and (iv) $50 million - 0.885% - April 2025. Refer to Note 7. Fair Value Measurements, for additional disclosures regarding fair value measurements.

The following table summarizes our outstanding interest rate swaps and their classification in the accompanying Consolidated Balance Sheets at June 30, 2020 and December 31, 2019 (in thousands):

	June 30, 2020
	Notional		Fair
	Amount		Value			Balance Sheet Location
Interest rate swap	$	10,000	$	(60	)	Other current liability
Interest rate swaps	$	85,000	$	(2,669	)	Other non-current liabilities

	December 31, 2019
	Notional		Fair
	Amount		Value			Balance Sheet Location
Interest rate swap	$	25,000	$	66		Other current assets
Interest rate swaps	$	45,000	$	(591	)	Other non-current liabilities

The following table summarizes the effects of the interest rate swaps on the accompanying Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2020 and 2019 (in thousands):

	Loss Recognized in AOCL, net of tax						(Loss) Gain Reclassified from AOCL into Expense
	Three Months Ended						Three Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
Interest rate swaps	$	(1,007	)	$	(730	)	$	(350	)	$	134

	Six Months Ended						Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
Interest rate swaps	$	(1,660	)	$	(1,157	)	$	(383	)	$	273

Fair Value Measurements

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 7. Fair Value Measurements

The following table summarizes our assets and (liabilities) at June 30, 2020 and December 31, 2019, respectively, that are measured at fair value on a recurring basis subsequent to initial recognition and indicates the fair value hierarchy of the valuation techniques utilized by us to determine such fair value (in thousands):

	Level	June 30, 2020			December 31, 2019
Deferred compensation plan assets	1	$	107,709		$	106,851
Available-for-sale debt securities	1		38,229			60,659
Deferred compensation plan liabilities	1		(107,709	)		(106,851	)
Interest rate swaps	2		(2,729	)		(525	)
Contingent purchase price liabilities	3		(27,461	)		(32,089	)

During the six months ended June 30, 2020 and 2019, there were no transfers between the valuation hierarchy Levels 1, 2 and 3. The following table summarizes the change in Level 3 fair values of our contingent purchase price liabilities for the six months ended June 30, 2020 and 2019 (pre-tax basis) (in thousands):

	2020			2019
Beginning balance – January 1	$	(32,089	)	$	(39,708	)
Additions from business acquisitions		(3,385	)		(1,806	)
Settlement of contingent purchase price liabilities		7,859			13,316
Change in fair value of contingencies		497			561
Change in net present value of contingencies		(343	)		(368	)
Ending balance – June 30	$	(27,461	)	$	(28,005	)

Contingent purchase price liabilities result from our business acquisitions and are recorded at fair value at the time of acquisition and are presented as “Contingent purchase price liability — current” and “Contingent purchase price liability — non-current” in the accompanying Consolidated Balance Sheets. We estimate the fair value of our contingent purchase price liabilities using a probability-weighted discounted cash flow model. This fair value measure is based on significant inputs not observed in the market and thus represents a Level 3 measurement. Fair value measurements characterized within Level 3 of the fair value hierarchy are measured based on unobservable inputs that are supported by little or no market activity and reflect our own assumptions in measuring fair value.

We probability weight risk-adjusted estimates of future performance of acquired businesses, then calculate the contingent purchase price based on the estimates and discount them to present value representing management’s best estimate of fair value. The fair value of the contingent purchase price liabilities are reassessed quarterly based on assumptions provided by practice group leaders and business unit controllers together with our corporate finance department. Any change in the fair value estimate is recorded in the earnings of that period. Refer to Note 11, Business Combinations, for further discussion of our acquisitions and contingent purchase price liabilities.

The carrying amounts of our cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of the short maturity of these instruments, and the carrying value of bank debt approximates fair value as the interest rate on the bank debt is variable and approximates current market rates. As a result, the fair value measurement of our bank debt is considered to be Level 2.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Other Comprehensive Income

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Other Comprehensive Income

Note 8. Other Comprehensive Income

The following table is a summary of other comprehensive income and discloses the tax impact of each component of other comprehensive income for the three and six months ended June 30, 2020 and 2019 (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
Net unrealized gain on available-for-sale securities, net of income taxes (1)	$	632		$	312		$	45		$	822
Net unrealized loss on interest rate swaps, net of income taxes (2)		(1,007	)		(730	)		(1,660	)		(1,157	)
Foreign currency translation		(2	)		(4	)		(14	)		(6	)
Total other comprehensive loss	$	(377	)	$	(422	)	$	(1,629	)	$	(341	)

(1)

Net of income tax expense of $228 and $116 for the three months ended June 30, 2020 and 2019, respectively, and net of income tax expense of $19 and $304 for the six months ended June 30, 2020 and 2019, respectively.

(2)

Net of income tax benefit of $324 and $225 for the three months ended June 30, 2020 and 2019, respectively, and net of income tax benefit of $534 and $358 for the six months ended June 30, 2020 and 2019, respectively.

Employee Stock Plans

6 Months Ended

Jun. 30, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Employee Stock Plans

Note 9. Employee STOCK Plans

The 2019 Stock Omnibus Incentive Plan (the “2019 Plan”), which expires in 2029, permits the grant of various forms of stock-based awards. The terms and vesting schedules for the stock-based awards vary by type and date of grant. A maximum of 3.1 million stock options, restricted stock or other stock-based compensation awards may be granted. Shares subject to award under the 2019 Plan may be either authorized but unissued shares of our common stock or treasury shares. Refer to the Annual Report on Form 10-K for the year ended December 31, 2019 for further discussion on the 2019 Plan.

Compensation expense for stock-based awards recognized during the three and six months ended June 30, 2020 and 2019 was as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Stock options	$	367	$	479	$	788	$	998
Restricted stock units and awards		1,324		1,153		2,495		2,082
Performance share units		566		285		997		319
Total stock-based compensation expense	$	2,257	$	1,917	$	4,280	$	3,399

Stock Options and Restricted Stock Units and Awards – The following table presents our stock options and restricted stock award activity during the six months ended June 30, 2020 (in thousands, except per share data):

	Stock Options					Restricted Stock Units and Awards
	Number of Options			Weighted Average Exercise Price Per Share		Number of Shares			Weighted Average Grant-Date Fair Value (1)
Outstanding at beginning of year		2,412		$	13.58		577		$	17.87
Granted		—		$	—		178		$	24.48
Exercised or released		(327	)	$	9.88		(276	)	$	16.74
Expired or canceled		(8	)	$	18.15		(9	)	$	20.96
Outstanding at June 30, 2020		2,077		$	14.14		470		$	20.97
Exercisable at June 30, 2020		1,605		$	12.96

(1)

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

Performance Share Units (“PSUs”) – PSUs are earned based on our financial performance over a contractual term of three years and the associated expense is recognized over that period based on the fair value of the award. A three-year cliff vesting schedule of the PSUs is dependent upon the Company’s performance relative to pre-established goals based on achievement of an earnings per share target (weighted 70%) and achievement of total growth in revenue (weighted 30%). The fair value of PSUs is calculated using the market value of a share of our common stock on the date of grant. For performance achieved above specified levels, the recipient may earn additional shares of stock, not to exceed 200% of the number of PSUs initially granted.

The following table presents our PSU award activity during the six months ended June 30, 2020 (in thousands, except per share data):

	Performance Share Units			Weighted Average Grant-Date Fair Value Per Unit
Outstanding at beginning of year		200		$	19.82
Granted		132		$	25.75
Vested		—		$	—
Adjustments for performance results		—		$	—
Expired or canceled		(8	)	$	22.14
Outstanding at June 30, 2020		324		$	22.17

Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Note 10. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the three and six months ended June 30, 2020 and 2019 (in thousands, except per share data).

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Numerator:
Income from continuing operations	$	21,479	$	16,614	$	58,341	$	54,179
Denominator:
Basic
Weighted average common shares outstanding		54,142		54,090		54,356		54,188
Diluted
Stock options (1)		760		1,188		869		1,247
Restricted stock units and awards (1)		146		176		222		225
Contingent shares (2)		68		41		68		41
Diluted weighted average common shares outstanding (3)		55,116		55,495		55,515		55,701
Basic earnings per share from continuing operations	$	0.40	$	0.31	$	1.07	$	1.00
Diluted earnings per share from continuing operations	$	0.39	$	0.30	$	1.05	$	0.97

(1)

A total of 0.4 million and 0.4 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2020, respectively, and a total of 0.5 million and 0.5 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2019, respectively, as their effect would be anti-dilutive.

(2)

Contingent shares represent additional shares to be issued for purchase price earned by former owners of businesses acquired by us once future considerations have been met. Refer to Note 11, Business Combinations, for further details.

(3)

The denominator used in calculating diluted earnings per share did not include 0.3 million performance share units for both the three and six months ended June 30, 2020, and the denominator used in calculating diluted earnings per share did not include 0.2 million performance share units for both the three and six months ended June 30, 2019. The performance conditions associated with these performance share units were not met and consequently none of these performance share units were considered as issuable for the three and six months ended June 30, 2020 and 2019.

Business Combinations

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Business Combinations

Note 11. BUSINESS COMBINATIONS

Our acquisition strategy focuses on businesses with a leadership team that is committed to best in class culture, extraordinary client service and cross-serving potential. CBIZ has a long history of acquiring businesses that share common cultural values with us and provide value-added services to the small and midsize business market. The valuation of any business is a subjective process and includes industry, geography, profit margins, expected cash flows, client retention, nature of recurring or non-recurring project-based work, growth rate assumptions and competitive market conditions.

During the six months ended June 30, 2020, we completed the following acquisitions:

•

Effective February 1, 2020, we acquired substantially all the assets of Alliance Insurance Services, Inc. (“Alliance”), a provider of insurance and advisory services based in Washington, DC. Operating results will be reported in the Benefits and Insurance Services practice group.

•

Effective February 1, 2020, we acquired substantially all the assets of Pension Dynamics Company, LLC (“PD”), a full-service retirement and benefits plan advisor based in Pleasant Hill, California. Operating results will be reported in the Benefits and Insurance Services practice group.

•

Effective February 1, 2020, we acquired substantially all the assets of Sunshine Systems (“Sunshine”), a payroll solutions provider based in Massachusetts. Operating results will be reported in the Benefits and Insurance Services practice group.

Aggregate consideration for these acquisitions consisted of approximately $9.4 million in cash, $0.9 million in our common stock and $4.8 million in contingent consideration. Under the terms of the acquisition agreements, a portion of the purchase price is contingent on future performance of the business acquired. The maximum potential undiscounted amount of all future payments that we could be required to make under the contingent arrangements is $6.2 million. As of June 30, 2020, the aggregated fair value of contingent consideration related to these acquisitions was $4.7 million, of which $2.0 million was recorded in “Contingent purchase price liability – current” and $2.7 million was recorded in “Contingent purchase price liability – non-current” in the accompanying Consolidated Balance Sheets at June 30, 2020. Refer to Note 7, Fair Value Measurements, for additional information regarding contingent purchase price liability fair value and fair value adjustments.

Annualized revenue from the acquired businesses is estimated to be approximately $6.1 million. Pro forma results of operations for these acquisitions have not been presented because the effects of the acquisitions were not significant to our “Income from continuing operations before income taxes.”

During the first six months of 2019, we completed one acquisition, acquiring substantially all of the assets of Wenner Group, LLC (“Wenner”), located in Denver, Colorado effective January 1, 2019. Wenner is a full service accounting, tax, compliance and financial consulting firm. Operating results are reported in the Financial Services practice group.

Consideration for this acquisition consisted of approximately $1.3 million in cash consideration and $1.8 million in contingent consideration. Under the terms of the acquisition agreement, a portion of the purchase price is contingent on future performance of the business acquired. The maximum potential undiscounted amount of all future payments that we could be required to make under the contingent arrangements is $1.8 million, of which $0.6 million was recorded in “Contingent purchase price liability – current” and $1.2 million was recorded in “Contingent purchase price liability – non-current” in the accompanying Consolidated Balance Sheets at June 30, 2019.

Annualized revenue attributable to Wenner is estimated to be approximately $2.4 million. Pro forma results of operations for this acquisition has not been presented because the effects of the acquisition was not significant to our “Income from continuing operations before income taxes.”

The following table summarizes the amounts of identifiable assets acquired, liabilities assumed and aggregate purchase price for the acquisitions for the six months ended June 30, 2020 and 2019 (in thousands):

	Six Months Ended
	June 30,
	2020			2019
Cash and cash equivalents	$	125		$	—
Accounts receivable, net		871			550
Client funds		1,716			—
Operating lease right of use asset, net		224			—
Identifiable intangible assets		3,629			654
Other assets		53			5
Operating lease liability - current		(66	)		—
Other current liabilities		(779	)		(288	)
Client fund obligations		(1,716	)		—
Operating lease liability - noncurrent		(158	)		—
Total identifiable net assets	$	3,899		$	921
Goodwill		11,158			2,165
Aggregate purchase price	$	15,057		$	3,086

The goodwill of $11.2 million and $2.2 million arising from the acquisitions in the first half of 2020 and 2019, respectively, primarily results from expected future earnings and cash flows from the existing management team, as well as the synergies created by the integration of the new business within our organization, including cross-selling opportunities expected with our Financial Services practice group and the Benefits and Insurance Services practice group, to help strengthen our existing service offerings and expand our market position. All of the goodwill is deductible for income tax purposes.

Acquisitions of client lists - During the six months ended June 30, 2020, we purchased two client lists in the Benefits and Insurance Services practice group and one client list in the Financial Services practice group for total consideration of $0.6 million, of which $0.3 million is contingent. During the six months ended June 30, 2019, we did not purchase any client lists.

Change in Contingent Purchase Price Liability for Previous Acquisitions - During the first half of 2020 and 2019, the fair value of the contingent purchase price liability related to prior acquisitions decreased by $0.2 million and by $0.2 million, respectively. These changes in fair value are attributable to subsequent measurement adjustments based on projected future results of the acquired businesses, net present value adjustments and changes in stock price. These adjustments are included in “Other income (expense), net” in the accompanying Consolidated Statements of Comprehensive Income.

Contingent Payments for Previous Business Acquisitions and Client Lists - We paid $5.9 million in cash and issued approximately 0.1 million shares of our common stock during the six months ended June 30, 2020 for previous acquisitions. For the same period in 2019, we paid $11.3 million in cash and issued approximately 0.1 million shares of our common stock for previous acquisitions. For both the first half of 2020 and 2019, we paid approximately $0.3 million in cash for previous client list purchases.

Divestitures

6 Months Ended

Jun. 30, 2020

Discontinued Operations And Disposal Groups [Abstract]

Divestitures

Note 12. Divestitures

Divested operations and assets that do not qualify for treatment as discontinued operations are recorded as “Gain on sale of operations, net” in the accompanying Consolidated Statements of Comprehensive Income. We recorded a gain of $0.2 million in the first half of 2020 related to a small book of business in the Benefits and Insurance practice group. We recorded a gain of $0.6 million in the first half of 2019 related to a small accounting firm in the Financial Services practice group.

Segment Disclosures

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Disclosures

Note 13. Segment Disclosures

Our business units have been aggregated into three practice groups: Financial Services, Benefits and Insurance Services and National Practices. The business units have been aggregated based on the following factors: similarity of the products and services provided to clients; similarity of the regulatory environment in which they operate; and similarity of economic conditions affecting long-term performance. The business units are managed along these segment lines. A general description of services provided by each practice group is provided in the table below.

Financial Services

Benefits and Insurance Services

National Practices

• Accounting and Tax

• Government Healthcare Consulting

• Financial Advisory

• Valuation

• Risk & Advisory Services

• Group Health Benefits Consulting

• Payroll

• Property & Casualty

• Retirement Plan Services

• Managed Networking and Hardware Services

• Healthcare Consulting

Corporate and Other. Included in “Corporate and Other” are operating expenses that are not directly allocated to the individual business units. These expenses are primarily comprised of certain health care costs, gains or losses attributable to assets held in our non-qualified deferred compensation plan, stock-based compensation, consolidation and integration charges, certain professional fees, certain advertising costs and other various expenses.

Accounting policies of the practice groups are the same as those described in Note 1, Basis of Presentation and Significant Accounting Policies, to the Annual Report on Form 10-K for the year ended December 31, 2019. Upon consolidation, intercompany accounts and transactions are eliminated, thus inter-segment revenue is not included in the measure of profit or loss for the practice groups. Performance of the practice groups is evaluated on operating income excluding those costs listed above, which are reported in the “Corporate and Other” segment.

Segment information for the three and six months ended June 30, 2020 and 2019 is presented below. We do not manage our assets on a segment basis, therefore segment assets are not presented below.

The following table disaggregates our revenue by source (in thousands):

	Three Months Ended June 30, 2020
	Financial		Benefits &		National
	Services		Insurance		Practices		Consolidated
Accounting, tax, advisory and consulting	$	154,083	$	—	$	—	$	154,083
Core Benefits and Insurance Services		—		71,393		—		71,393
Non-core Benefits and Insurance Services		—		2,547		—		2,547
Managed networking, hardware services		—		—		6,581		6,581
National Practices consulting		—		—		2,339		2,339
Total revenue	$	154,083	$	73,940	$	8,920	$	236,943

	Three Months Ended June 30, 2019
	Financial		Benefits &		National
	Services		Insurance		Practices		Consolidated
Accounting, tax, advisory and consulting	$	154,373	$	—	$	—	$	154,373
Core Benefits and Insurance		—		69,447		—		69,447
Non-core Benefits and Insurance		—		2,680		—		2,680
Managed networking, hardware services		—		—		6,522		6,522
National Practices consulting		—		—		2,476		2,476
Total revenue	$	154,373	$	72,127	$	8,998	$	235,498

	Six Months Ended June 30, 2020
	Financial		Benefits &		National
	Services		Insurance		Practices		Consolidated
Accounting, tax, advisory and consulting	$	342,860	$	—	$	—	$	342,860
Core Benefits and Insurance Services		—		147,865		—		147,865
Non-core Benefits and Insurance Services		—		5,687		—		5,687
Managed networking, hardware services		—		—		13,156		13,156
National Practices consulting		—		—		4,830		4,830
Total revenue	$	342,860	$	153,552	$	17,986	$	514,398

	Six Months Ended June 30, 2019
	Financial		Benefits &		National
	Services		Insurance		Practices		Consolidated
Accounting, tax, advisory and consulting	$	339,517	$	—	$	—	$	339,517
Core Benefits and Insurance Services		—		142,985		—		142,985
Non-core Benefits and Insurance Services		—		5,397		—		5,397
Managed networking, hardware services		—		—		12,946		12,946
National Practices consulting		—		—		4,651		4,651
Total revenue	$	339,517	$	148,382	$	17,597	$	505,496

Segment information for the three months ended June 30, 2020 and 2019 was as follows (in thousands):

	Three Months Ended June 30, 2020
	Financial Services		Benefits and Insurance Services			National Practices		Corporate and Other			Total
Revenue	$	154,083	$	73,940		$	8,920	$	—		$	236,943
Operating expenses		127,417		61,283			7,990		12,326			209,016
Gross margin		26,666		12,657			930		(12,326	)		27,927
Corporate general & admin		—		—			—		11,160			11,160
Operating income (loss)		26,666		12,657			930		(23,486	)		16,767
Other income (expense):
Interest expense		—		(9	)		—		(2,065	)		(2,074	)
Gain on sale of operations, net		11		46			—		—			57
Other income, net		27		130			—		13,179			13,336
Total other income		38		167			—		11,114			11,319
Income (loss) from continuing operations before income tax expense	$	26,704	$	12,824		$	930	$	(12,372	)	$	28,086

	Three Months Ended June 30, 2019
	Financial Services			Benefits and Insurance Services			National Practices		Corporate and Other			Total
Revenue	$	154,373		$	72,127		$	8,998	$	—		$	235,498
Operating expenses		128,158			61,075			8,204		711			198,148
Gross margin		26,215			11,052			794		(711	)		37,350
Corporate general & admin		—			—			—		10,566			10,566
Operating income (loss)		26,215			11,052			794		(11,277	)		26,784
Other (expense) income:
Interest expense		—			(14	)		—		(1,573	)		(1,587	)
Gain on sale of operations, net		50			—			—		—			50
Other (expense) income, net		(66	)		174			1		(3,420	)		(3,311	)
Total other (expense) income		(16	)		160			1		(4,993	)		(4,848	)
Income (loss) from continuing operations before income tax expense	$	26,199		$	11,212		$	795	$	(16,270	)	$	21,936

Segment information for the six months ended June 30, 2020 and 2019 was as follows (in thousands):

	Six Months Ended June 30, 2020
	Financial Services		Benefits and Insurance Services			National Practices		Corporate and Other			Total
Revenue	$	342,860	$	153,552		$	17,986	$	—		$	514,398
Operating expenses		266,015		126,506			16,273		49			408,843
Gross margin		76,845		27,046			1,713		(49	)		105,555
Corporate general & admin		—		—			—		21,649			21,649
Operating income (loss)		76,845		27,046			1,713		(21,698	)		83,906
Other (expense) income:
Interest expense		—		(20	)		—		(3,173	)		(3,193	)
Gain on sale of operations, net		51		101			—		—			152
Other (expense) income, net		46		226			1		(2,737	)		(2,464	)
Total other (expense) income		97		307			1		(5,910	)		(5,505	)
Income (loss) from continuing operations before income tax expense	$	76,942	$	27,353		$	1,714	$	(27,608	)	$	78,401

	Six Months Ended June 30, 2019
	Financial Services			Benefits and Insurance Services			National Practices		Corporate and Other			Total
Revenue	$	339,517		$	148,382		$	17,597	$	—		$	505,496
Operating expenses		262,616			122,446			16,204		12,378			413,644
Gross margin		76,901			25,936			1,393		(12,378	)		91,852
Corporate general & admin		—			—			—		22,246			22,246
Operating income (loss)		76,901			25,936			1,393		(34,624	)		69,606
Other income (expense):
Interest expense		—			(24	)		—		(2,964	)		(2,988	)
Gain on sale of operations, net		547			—			—		—			547
Other income (expense), net		(202	)		195			1		5,955			5,949
Total other income		345			171			1		2,991			3,508
Income (loss) from continuing operations before income tax expense	$	77,246		$	26,107		$	1,394	$	(31,633	)	$	73,114

Leases

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases

NOTE 14. LEASES

We determine if a contract is a lease at inception. We have leases for office space and facilities, automobiles, and certain information technology equipment. All of our leases are classified as operating leases and the majority of which are for office space and facilities.

Supplemental balance sheet information related to the Company’s operating leases as of June 30, 2020 and December 31, 2019 was as follows (in thousands):

	June 30, 2020	December 31, 2019
Weighted-average remaining lease term	6.7 years	6.9 years
Weighted-average discount rate	3.9%	3.6%

The components of lease expense and other lease information as of and during the three-month period ended June 30, 2020 and 2019 are as follows (in thousands):

	June 30, 2020		June 30, 2019
Operating lease cost	$	8,855	$	9,216
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	$	9,539	$	9,199

The components of lease expense and other lease information as of and during the six-month period ended June 30, 2020 and 2019 are as follows (in thousands):

	June 30, 2020		June 30, 2019
Operating lease cost	$	17,677	$	18,458
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	$	18,802	$	18,459

Our leases have remaining lease terms of 1 year to 11 years. These leases generally contain renewal options for periods ranging from two to five years. Because the Company is not reasonably certain to exercise these renewal options, the options are not considered in determining the lease term, and associated potential option payments are excluded from lease payments.

A number of leased properties are owned indirectly by and leased from persons employed by the Company, none of whom are members of our senior management. In the aggregate, for the three and six month periods ending June 30, 2020 and 2019, we made lease payments to those related parties of approximately $0.5 million and $0.5 million, respectively, and $1.1 million and $1.2 million, respectively.

The following table summarizes the maturity of our operating lease liabilities as of June 30, 2020 (in thousands):

	June 30, 2020
2020	$	16,696
2021		32,817
2022		26,792
2023		25,066
2024		22,506
Thereafter		68,936
Total undiscounted lease payments		192,813
Less: imputed interest		(29,495	)
Total lease liabilities	$	163,318

The following table summarizes the maturity of our operating lease commitments as of December 31, 2019 (in thousands):

	December 31, 2019
2020	$	34,775
2021		32,371
2022		26,112
2023		24,273
2024		21,578
Thereafter		67,025
Total undiscounted lease payments		206,134
Less: imputed interest		(45,086	)
Total lease liabilities	$	161,048

Subsequent Events

6 Months Ended

Jun. 30, 2020

Subsequent Events [Abstract]

Subsequent Events

Note 15. Subsequent Events

Effective July 1, 2020, we acquired substantially all the assets of Prince-Wood Insurance, L.L.C. (“PWI”), a provider of financial, insurance and advisory services based in Woodbridge, Virginia. Operating results will be reported in the Benefits and Insurance Services practice group. Annualized revenue is estimated to be $1.2 million.

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2020
Accounting Policies [Abstract]
Description of Business	Selected Terms Used in Notes to the Consolidated Financial Statements ASA – Administrative Service Agreement ASC – Accounting Standards Codification ASU – Accounting Standards Update CPA firm – Certified Public Accounting firm FASB – The Financial Accounting Standards Board GAAP – United States Generally Accepted Accounting Principles LIBOR – London Interbank Offered Rate SEC – United States Securities and Exchange Commission Topic 326 – ASU No. 2016-13, Financial Instruments – Credit Losses CECL – Current expected credit losses Description of Business: CBIZ, Inc. is a diversified services company which, acting through its subsidiaries, has been providing professional business services since 1996, primarily to small and medium-sized businesses, as well as individuals, governmental entities, and not-for-profit enterprises throughout the United States and parts of Canada. CBIZ, Inc. manages and reports its operations along three practice groups; Financial Services, Benefits and Insurance Services and National Practices. A further description of products and services offered by each of the practice groups is provided in Note 13, Segment Disclosures, to the accompanying consolidated financial statements.
Basis of Consolidation	Basis of Consolidation: The accompanying unaudited condensed consolidated financial statements include the operations of CBIZ, Inc. and all of its wholly-owned subsidiaries (“CBIZ”, the “Company”, “we”, “us”, or “our”), after elimination of all intercompany balances and transactions. These condensed consolidated financial statements do not reflect the operations or accounts of variable interest entities as the impact is not material to the financial condition, results of operations or cash flows of CBIZ.
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements: The condensed consolidated financial statements have been prepared in accordance with GAAP and applicable rules and regulations of the SEC regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019. In the opinion of CBIZ management, the accompanying condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial condition, results of operations, and cash flows for the interim periods presented, but are not necessarily indicative of the results of operations to be anticipated for the full year ending December 31, 2020.
Use of Estimates	Use of Estimates: The preparation of condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Changes in circumstances could cause actual results to differ materially from these estimates.
Changes in Accounting Policies	Changes in Accounting Policies: Except for the adoption of Topic 326, which required a change in our accounting policy, we have consistently applied the accounting policies for the periods presented as described in Note 1, Basis of Presentation and Significant Accounting Policies, to the consolidated financial statements contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019. Effective January 1, 2020, we changed our accounting policy for the valuation of accounts receivable allowances and available-for-sale securities as a result of adopting Topic 326 as described in Note 2, New Accounting Pronouncements.
New Accounting Pronouncements	The FASB ASC is the sole source of authoritative GAAP other than the SEC issued rules and regulations that apply only to SEC registrants. The FASB issues an accounting standard to communicate changes to the FASB codification. We assess and review the impact of all accounting standards. Any accounting standards not listed below were reviewed and determined to be either not applicable or are not expected to have a material impact on the consolidated financial statements of the Company. Accounting Standards Adopted in 2020 Credit Losses: Effective January 1, 2020, we adopted Topic 326, which replaces the incurred loss model with an expected loss model that is referred to as the current expected credit loss model. The CECL model requires the Company to immediately recognize an estimate of credit losses that are expected to occur over the life of financial instruments recorded at amortized cost, including trade receivables. Topic 326 also amends the other-than-temporary impairment model for available-for-sale securities by requiring the recognition of credit loss impairments as an allowance rather than a write-down on available-for-sale securities. The length of time a security has been in an unrealized loss position will no longer impact the determination of whether a credit loss exists. For financial instruments recorded at amortized cost, we did not recognize a cumulative-effect adjustment to retained earnings as the adoption of Topic 326 did not have a material impact on our consolidated financial statements. For available-for-sale securities, the updated guidance was applied prospectively. Fair Value Measurement: On January 1, 2020, we adopted ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. This standard amends existing fair value measurement disclosure requirements by adding, changing, or removing certain disclosures. The adoption of this guidance did not have a material impact on our consolidated financial statements. Income Taxes: On January 1, 2020, we adopted ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The adoption of this guidance did not have a material impact on our consolidated financial statements. Accounting Standards Issued But Not Yet Adopted Reference Rate Reform: In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this ASU are effective for all entities through December 31, 2022. We are currently evaluating the effect of this new standard on our consolidated financial statements.

Accounts Receivable, Net (Tables)

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Schedule of Accounts Receivable, Net

Accounts receivable, net, at June 30, 2020 and December 31, 2019 were as follows (in thousands):

	June 30,			December 31,
	2020			2019
Trade accounts receivable	$	197,725		$	176,375
Unbilled revenue, at net realizable value		85,845			60,035
Total accounts receivable		283,570			236,410
Allowance for doubtful accounts		(16,372	)		(14,379	)
Accounts receivable, net	$	267,198		$	222,031

Schedule of Changes in the Allowance for Doubtful Accounts on Accounts Receivable

Changes to the allowance for doubtful accounts for the six months ended June 30, 2020 are as follows (in thousands):

	June 30,
	2020
Balance at beginning of period	$	(14,379	)
Provision for losses		(4,982	)
Charge-offs, net of recoveries		2,989
Allowance for doubtful accounts	$	(16,372	)

Debt and Financing Arrangements (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Summary of Unsecured Credit Facility

Effective interest rates, including the impact of interest rate swaps associated with the 2018 credit facility, were as follows:

Summary of Recognized Interest Expense

Interest expense, including amortization of deferred financing costs, commitment fees, line of credit fees, and other applicable bank charges, was as follows (in thousands):

	Three Months Ended June 30,
	2020		2019
2018 credit facility	$	2,056	$	1,564
Other		18		23
Total	$	2,074	$	1,587

	Six Months Ended June 30,
	2020		2019
2018 credit facility	$	3,157	$	2,946
Other line of credit		1		—
Other		35		42
Total	$	3,193	$	2,988

Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Investments All Other Investments [Abstract]

Summary of Investments

The following table summarizes activities related to these investments for the six months ended June 30, 2020 and the twelve months ended December 31, 2019 (in thousands):

	Six Months Ended			Twelve Months Ended
	June 30, 2020			December 31, 2019
Fair value at beginning of period	$	60,659		$	56,556
Purchases		3,447			27,216
Redemptions		(19,048	)		(1,686	)
Maturities		(6,268	)		(22,272	)
Decrease in bond premium		(625	)		(460	)
Fair market value adjustment		64			1,305
Fair value at end of period	$	38,229		$	60,659

Summary of Outstanding Interest Rate Swaps

The following table summarizes our outstanding interest rate swaps and their classification in the accompanying Consolidated Balance Sheets at June 30, 2020 and December 31, 2019 (in thousands):

	June 30, 2020
	Notional		Fair
	Amount		Value			Balance Sheet Location
Interest rate swap	$	10,000	$	(60	)	Other current liability
Interest rate swaps	$	85,000	$	(2,669	)	Other non-current liabilities

	December 31, 2019
	Notional		Fair
	Amount		Value			Balance Sheet Location
Interest rate swap	$	25,000	$	66		Other current assets
Interest rate swaps	$	45,000	$	(591	)	Other non-current liabilities

Summary of Effects of Interest Rate Swap

	Loss Recognized in AOCL, net of tax						(Loss) Gain Reclassified from AOCL into Expense
	Three Months Ended						Three Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
Interest rate swaps	$	(1,007	)	$	(730	)	$	(350	)	$	134

	Six Months Ended						Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
Interest rate swaps	$	(1,660	)	$	(1,157	)	$	(383	)	$	273

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Summary of Assets and (Liabilities) Measured at Fair Value on a Recurring Basis

	Level	June 30, 2020			December 31, 2019
Deferred compensation plan assets	1	$	107,709		$	106,851
Available-for-sale debt securities	1		38,229			60,659
Deferred compensation plan liabilities	1		(107,709	)		(106,851	)
Interest rate swaps	2		(2,729	)		(525	)
Contingent purchase price liabilities	3		(27,461	)		(32,089	)

Change in Level 3 Fair Values of Contingent Purchase Price Liabilities

	2020			2019
Beginning balance – January 1	$	(32,089	)	$	(39,708	)
Additions from business acquisitions		(3,385	)		(1,806	)
Settlement of contingent purchase price liabilities		7,859			13,316
Change in fair value of contingencies		497			561
Change in net present value of contingencies		(343	)		(368	)
Ending balance – June 30	$	(27,461	)	$	(28,005	)

Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Summary of Other Comprehensive Income and Tax Impact

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
Net unrealized gain on available-for-sale securities, net of income taxes (1)	$	632		$	312		$	45		$	822
Net unrealized loss on interest rate swaps, net of income taxes (2)		(1,007	)		(730	)		(1,660	)		(1,157	)
Foreign currency translation		(2	)		(4	)		(14	)		(6	)
Total other comprehensive loss	$	(377	)	$	(422	)	$	(1,629	)	$	(341	)

(1)

(2)

Employee Stock Plans (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Stock-Based Compensation Awards

Compensation expense for stock-based awards recognized during the three and six months ended June 30, 2020 and 2019 was as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Stock options	$	367	$	479	$	788	$	998
Restricted stock units and awards		1,324		1,153		2,495		2,082
Performance share units		566		285		997		319
Total stock-based compensation expense	$	2,257	$	1,917	$	4,280	$	3,399

Stock Award Activity

	Stock Options					Restricted Stock Units and Awards
	Number of Options			Weighted Average Exercise Price Per Share		Number of Shares			Weighted Average Grant-Date Fair Value (1)
Outstanding at beginning of year		2,412		$	13.58		577		$	17.87
Granted		—		$	—		178		$	24.48
Exercised or released		(327	)	$	9.88		(276	)	$	16.74
Expired or canceled		(8	)	$	18.15		(9	)	$	20.96
Outstanding at June 30, 2020		2,077		$	14.14		470		$	20.97
Exercisable at June 30, 2020		1,605		$	12.96

(1)

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

Performance Shares [Member]

Stock Award Activity

The following table presents our PSU award activity during the six months ended June 30, 2020 (in thousands, except per share data):

	Performance Share Units			Weighted Average Grant-Date Fair Value Per Unit
Outstanding at beginning of year		200		$	19.82
Granted		132		$	25.75
Vested		—		$	—
Adjustments for performance results		—		$	—
Expired or canceled		(8	)	$	22.14
Outstanding at June 30, 2020		324		$	22.17

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share from Continuing Operations

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Numerator:
Income from continuing operations	$	21,479	$	16,614	$	58,341	$	54,179
Denominator:
Basic
Weighted average common shares outstanding		54,142		54,090		54,356		54,188
Diluted
Stock options (1)		760		1,188		869		1,247
Restricted stock units and awards (1)		146		176		222		225
Contingent shares (2)		68		41		68		41
Diluted weighted average common shares outstanding (3)		55,116		55,495		55,515		55,701
Basic earnings per share from continuing operations	$	0.40	$	0.31	$	1.07	$	1.00
Diluted earnings per share from continuing operations	$	0.39	$	0.30	$	1.05	$	0.97

(1)

(2)

(3)

Business Combinations (Tables)

6 Months Ended

Jun. 30, 2020

Business Acquisitions in 2019 and 2020 [Member]

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

	Six Months Ended
	June 30,
	2020			2019
Cash and cash equivalents	$	125		$	—
Accounts receivable, net		871			550
Client funds		1,716			—
Operating lease right of use asset, net		224			—
Identifiable intangible assets		3,629			654
Other assets		53			5
Operating lease liability - current		(66	)		—
Other current liabilities		(779	)		(288	)
Client fund obligations		(1,716	)		—
Operating lease liability - noncurrent		(158	)		—
Total identifiable net assets	$	3,899		$	921
Goodwill		11,158			2,165
Aggregate purchase price	$	15,057		$	3,086

Segment Disclosures (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Summary of Disaggregation of Revenue by Source

The following table disaggregates our revenue by source (in thousands):

	Three Months Ended June 30, 2020
	Financial		Benefits &		National
	Services		Insurance		Practices		Consolidated
Accounting, tax, advisory and consulting	$	154,083	$	—	$	—	$	154,083
Core Benefits and Insurance Services		—		71,393		—		71,393
Non-core Benefits and Insurance Services		—		2,547		—		2,547
Managed networking, hardware services		—		—		6,581		6,581
National Practices consulting		—		—		2,339		2,339
Total revenue	$	154,083	$	73,940	$	8,920	$	236,943

	Three Months Ended June 30, 2019
	Financial		Benefits &		National
	Services		Insurance		Practices		Consolidated
Accounting, tax, advisory and consulting	$	154,373	$	—	$	—	$	154,373
Core Benefits and Insurance		—		69,447		—		69,447
Non-core Benefits and Insurance		—		2,680		—		2,680
Managed networking, hardware services		—		—		6,522		6,522
National Practices consulting		—		—		2,476		2,476
Total revenue	$	154,373	$	72,127	$	8,998	$	235,498

	Six Months Ended June 30, 2020
	Financial		Benefits &		National
	Services		Insurance		Practices		Consolidated
Accounting, tax, advisory and consulting	$	342,860	$	—	$	—	$	342,860
Core Benefits and Insurance Services		—		147,865		—		147,865
Non-core Benefits and Insurance Services		—		5,687		—		5,687
Managed networking, hardware services		—		—		13,156		13,156
National Practices consulting		—		—		4,830		4,830
Total revenue	$	342,860	$	153,552	$	17,986	$	514,398

	Six Months Ended June 30, 2019
	Financial		Benefits &		National
	Services		Insurance		Practices		Consolidated
Accounting, tax, advisory and consulting	$	339,517	$	—	$	—	$	339,517
Core Benefits and Insurance Services		—		142,985		—		142,985
Non-core Benefits and Insurance Services		—		5,397		—		5,397
Managed networking, hardware services		—		—		12,946		12,946
National Practices consulting		—		—		4,651		4,651
Total revenue	$	339,517	$	148,382	$	17,597	$	505,496

Summary of Segment Information

Segment information for the three months ended June 30, 2020 and 2019 was as follows (in thousands):

	Three Months Ended June 30, 2020
	Financial Services		Benefits and Insurance Services			National Practices		Corporate and Other			Total
Revenue	$	154,083	$	73,940		$	8,920	$	—		$	236,943
Operating expenses		127,417		61,283			7,990		12,326			209,016
Gross margin		26,666		12,657			930		(12,326	)		27,927
Corporate general & admin		—		—			—		11,160			11,160
Operating income (loss)		26,666		12,657			930		(23,486	)		16,767
Other income (expense):
Interest expense		—		(9	)		—		(2,065	)		(2,074	)
Gain on sale of operations, net		11		46			—		—			57
Other income, net		27		130			—		13,179			13,336
Total other income		38		167			—		11,114			11,319
Income (loss) from continuing operations before income tax expense	$	26,704	$	12,824		$	930	$	(12,372	)	$	28,086

	Three Months Ended June 30, 2019
	Financial Services			Benefits and Insurance Services			National Practices		Corporate and Other			Total
Revenue	$	154,373		$	72,127		$	8,998	$	—		$	235,498
Operating expenses		128,158			61,075			8,204		711			198,148
Gross margin		26,215			11,052			794		(711	)		37,350
Corporate general & admin		—			—			—		10,566			10,566
Operating income (loss)		26,215			11,052			794		(11,277	)		26,784
Other (expense) income:
Interest expense		—			(14	)		—		(1,573	)		(1,587	)
Gain on sale of operations, net		50			—			—		—			50
Other (expense) income, net		(66	)		174			1		(3,420	)		(3,311	)
Total other (expense) income		(16	)		160			1		(4,993	)		(4,848	)
Income (loss) from continuing operations before income tax expense	$	26,199		$	11,212		$	795	$	(16,270	)	$	21,936

Segment information for the six months ended June 30, 2020 and 2019 was as follows (in thousands):

	Six Months Ended June 30, 2020
	Financial Services		Benefits and Insurance Services			National Practices		Corporate and Other			Total
Revenue	$	342,860	$	153,552		$	17,986	$	—		$	514,398
Operating expenses		266,015		126,506			16,273		49			408,843
Gross margin		76,845		27,046			1,713		(49	)		105,555
Corporate general & admin		—		—			—		21,649			21,649
Operating income (loss)		76,845		27,046			1,713		(21,698	)		83,906
Other (expense) income:
Interest expense		—		(20	)		—		(3,173	)		(3,193	)
Gain on sale of operations, net		51		101			—		—			152
Other (expense) income, net		46		226			1		(2,737	)		(2,464	)
Total other (expense) income		97		307			1		(5,910	)		(5,505	)
Income (loss) from continuing operations before income tax expense	$	76,942	$	27,353		$	1,714	$	(27,608	)	$	78,401

	Six Months Ended June 30, 2019
	Financial Services			Benefits and Insurance Services			National Practices		Corporate and Other			Total
Revenue	$	339,517		$	148,382		$	17,597	$	—		$	505,496
Operating expenses		262,616			122,446			16,204		12,378			413,644
Gross margin		76,901			25,936			1,393		(12,378	)		91,852
Corporate general & admin		—			—			—		22,246			22,246
Operating income (loss)		76,901			25,936			1,393		(34,624	)		69,606
Other income (expense):
Interest expense		—			(24	)		—		(2,964	)		(2,988	)
Gain on sale of operations, net		547			—			—		—			547
Other income (expense), net		(202	)		195			1		5,955			5,949
Total other income		345			171			1		2,991			3,508
Income (loss) from continuing operations before income tax expense	$	77,246		$	26,107		$	1,394	$	(31,633	)	$	73,114

Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to the Company’s operating leases as of June 30, 2020 and December 31, 2019 was as follows (in thousands):

	June 30, 2020	December 31, 2019
Weighted-average remaining lease term	6.7 years	6.9 years
Weighted-average discount rate	3.9%	3.6%

Schedule of Components of Lease Expense and Other Lease Information

The components of lease expense and other lease information as of and during the three-month period ended June 30, 2020 and 2019 are as follows (in thousands):

	June 30, 2020		June 30, 2019
Operating lease cost	$	8,855	$	9,216
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	$	9,539	$	9,199

The components of lease expense and other lease information as of and during the six-month period ended June 30, 2020 and 2019 are as follows (in thousands):

	June 30, 2020		June 30, 2019
Operating lease cost	$	17,677	$	18,458
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	$	18,802	$	18,459

Schedule of Maturities of Operating Lease Liabilities

The following table summarizes the maturity of our operating lease liabilities as of June 30, 2020 (in thousands):

	June 30, 2020
2020	$	16,696
2021		32,817
2022		26,792
2023		25,066
2024		22,506
Thereafter		68,936
Total undiscounted lease payments		192,813
Less: imputed interest		(29,495	)
Total lease liabilities	$	163,318

Schedule of Maturity of Operating Lease Commitments

The following table summarizes the maturity of our operating lease commitments as of December 31, 2019 (in thousands):

	December 31, 2019
2020	$	34,775
2021		32,371
2022		26,112
2023		24,273
2024		21,578
Thereafter		67,025
Total undiscounted lease payments		206,134
Less: imputed interest		(45,086	)
Total lease liabilities	$	161,048

Summary of Significant Accounting Policies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020 Practice_Groups
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of practice groups	3

New Accounting Pronouncements - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020 USD ($)
Accounting Changes And Error Corrections [Abstract]
Cumulative-effect adjustment to retained earnings	$ 0

Accounts Receivable, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Accounts Notes And Loans Receivable [Line Items]
Bad debt expense		$ 4,982
COVID 19 Pandemic [Member]
Accounts Notes And Loans Receivable [Line Items]
Bad debt expense	$ 200	$ 2,200

Accounts Receivable, Net - Accounts Receivables Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accounts Receivable Net Current [Abstract]
Trade accounts receivable	$ 197,725	$ 176,375
Unbilled revenue, at net realizable value	85,845	60,035
Total accounts receivable	283,570	236,410
Allowance for doubtful accounts	(16,372)	(14,379)
Accounts receivable, net	$ 267,198	$ 222,031

Accounts Receivable, Net - Schedule of Changes in the Allowance for Doubtful Accounts on Accounts Receivable (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020 USD ($)
Receivables [Abstract]
Balance at beginning of period	$ (14,379)
Provision for losses	(4,982)
Charge-offs, net of recoveries	2,989
Allowance for doubtful accounts	$ (16,372)

Debt and Financing Arrangements - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Outstanding balance under applicable credit facility	$ 120,000,000	$ 105,500,000
Outstanding letters of credit	1,300,000	1,300,000
Line of Credit [Member]
Debt Instrument [Line Items]
Revolving loan commitment	$ 20,000,000.0
Line of credit facility, termination date	Aug. 06, 2020
Outstanding line of credit	$ 0
2018 Credit Facility [Member]
Debt Instrument [Line Items]
Unsecured credit facility	$ 400,000,000
Line of credit facility maturity year	2023
Outstanding balance under applicable credit facility	$ 120,000,000.0	$ 105,500,000
Available funds under credit facility	270,400,000
Outstanding letters of credit	$ 1,300,000

Debt and Financing Arrangements - Summary of Unsecured Credit Facility (Detail)	Jun. 30, 2020	Jun. 30, 2019
Debt Instrument [Line Items]
Weighted average rates	2.43%	3.20%
Minimum [Member]
Debt Instrument [Line Items]
Range of effective rates	1.11%	2.12%
Maximum [Member]
Debt Instrument [Line Items]
Range of effective rates	4.75%	5.50%

Debt and Financing Arrangements - Summary of Recognized Interest Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Debt Instrument [Line Items]
Total interest expense	$ 2,074	$ 1,587	$ 3,193	$ 2,988
2018 Credit Facility [Member]
Debt Instrument [Line Items]
Total interest expense	2,056	1,564	3,157	2,946
Other Line of Credit [Member]
Debt Instrument [Line Items]
Total interest expense			1
Other [Member]
Debt Instrument [Line Items]
Total interest expense	$ 18	$ 23	$ 35	$ 42

Commitments and Contingencies (Letters of Credit and Guarantees) - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Letters of credit outstanding	$ 1.3	$ 1.3
License bonds outstanding amount	$ 2.3	$ 2.3

Commitments and Contingencies (Legal Proceedings) - Additional Information (Detail) $ in Millions		6 Months Ended
	Sep. 16, 2016 USD ($)	Jun. 30, 2020 USD ($) Plaintiff
Baldino Group [Member]
Commitments And Contingencies [Line Items]
Number of Plaintiffs \| Plaintiff		2
Damages sought amount		$ 16.0
Altoona Regional Health System [Member]
Commitments And Contingencies [Line Items]
Loss contingency, expected trial commencement		2021-03
Altoona Regional Health System [Member] \| Minimum [Member]
Commitments And Contingencies [Line Items]
Damages sought amount	$ 124.0
Altoona Regional Health System [Member] \| Maximum [Member]
Commitments And Contingencies [Line Items]
Damages sought amount	$ 266.0

Financial Instruments (Available-for-sale Debt Securities) - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Corporate and municipal bonds	$ 37,100	$ 58,900
Maturity dates of bonds, start date	2020-07
Maturity dates of bonds, end date	2024-11
Unrealized losses on securities	$ 100
Funds held for clients	$ 130,473	179,502
Certificates of Deposits and Other Depository Assets [Member]
Schedule Of Available For Sale Securities [Line Items]
Funds held for clients		$ 2,500

Financial Instruments - Summary of Investments (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Available For Sale Securities [Abstract]
Fair value at beginning of period	$ 60,659	$ 56,556
Purchases	3,447	27,216
Redemptions	(19,048)	(1,686)
Maturities	(6,268)	(22,272)
Decrease in bond premium	(625)	(460)
Fair market value adjustment	64	1,305
Fair value at end of period	$ 38,229	$ 60,659

Financial Instruments (Interest Rate Swaps) - Additional Information (Detail) - Interest Rate Swap [Member]	6 Months Ended
	Jun. 30, 2020 USD ($) Swap	Jun. 26, 2020 USD ($)
Schedule Of Available For Sale Securities [Line Items]
Notional value	$ 50,000,000	$ 25,000,000
Interest rate swap, fixed interest rate	0.885%	1.30%
Interest rate swap, description of interest received	interest that varies with the one-month LIBOR
Derivative, Type of Interest Rate Paid on Swap	fixed
Number of interest rate swaps outstanding \| Swap	4
February 2021 [Member]
Schedule Of Available For Sale Securities [Line Items]
Notional value	$ 10,000,000
Interest rate swap, fixed interest rate	1.12%
May 2022 [Member]
Schedule Of Available For Sale Securities [Line Items]
Notional value	$ 20,000,000
Interest rate swap, fixed interest rate	1.77%
June 2023 [Member]
Schedule Of Available For Sale Securities [Line Items]
Notional value	$ 15,000,000
Interest rate swap, fixed interest rate	2.64%
April 2025 [Member]
Schedule Of Available For Sale Securities [Line Items]
Notional value	$ 50,000,000
Interest rate swap, fixed interest rate	0.885%

Financial Instruments - Summary of Outstanding Interest Rate Swaps (Detail) - Interest Rate Swap [Member] - USD ($)	Jun. 30, 2020	Jun. 26, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Notional Amount	$ 50,000,000	$ 25,000,000
Other Current Liability [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	10,000,000
Fair Value	(60,000)
Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	85,000,000		$ 45,000,000
Fair Value	$ (2,669,000)		(591,000)
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Fair Value			66,000
Notional Amount			$ 25,000,000

Financial Instruments - Summary of Effects of Interest Rate Swaps (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivatives, Fair Value [Line Items]
Loss Recognized in AOCL, net of tax	$ (1,007)	$ (730)	$ (1,660)	$ (1,157)
Interest Rate Swap [Member] \| Interest Expense [Member]
Derivatives, Fair Value [Line Items]
Loss Recognized in AOCL, net of tax	(1,007)	(730)	(1,660)	(1,157)
(Loss) Gain Reclassified from AOCL into Expense	$ (350)	$ 134	$ (383)	$ 273

Fair Value Measurements - Summary of Assets and (Liabilities) Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	$ 38,229	$ 60,659	$ 56,556
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets	107,709	106,851
Available-for-sale debt securities	38,229	60,659
Deferred compensation plan liabilities	(107,709)	(106,851)
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	(2,729)	(525)
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent purchase price liabilities	$ (27,461)	$ (32,089)

Fair Value Measurements - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements, Inter-transfers between Levels	$ 0	$ 0

Fair Value Measurements - Change in Level 3 Fair Values of Contingent Purchase Price Liabilities (Detail) - Contingent Purchase Price Liabilities [Member] - Level 3 [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ (32,089)	$ (39,708)
Additions from business acquisitions	(3,385)	(1,806)
Settlement of contingent purchase price liabilities	7,859	13,316
Change in fair value of contingencies	497	561
Change in net present value of contingencies	(343)	(368)
Ending balance	$ (27,461)	$ (28,005)

Other Comprehensive Income - Summary of Other Comprehensive Income and Tax Impact (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]
Net unrealized gain on available-for-sale securities, net of income taxes	$ 632	$ 312	$ 45	$ 822
Net unrealized loss on interest rate swaps, net of income taxes	(1,007)	(730)	(1,660)	(1,157)
Foreign currency translation	(2)	(4)	(14)	(6)
Total other comprehensive loss	$ (377)	$ (422)	$ (1,629)	$ (341)

Other Comprehensive Income - Summary of Other Comprehensive Income and Tax Impact (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]
Unrealized gain on available-for-sale securities, income tax expense	$ 228	$ 116	$ 19	$ 304
Unrealized loss on interest rate swaps, income tax benefit	$ 324	$ 225	$ 534	$ 358

Employee Stock Plans - Additional Information (Detail) shares in Millions	6 Months Ended
	Jun. 30, 2020 shares
Performance Shares [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, remaining contractual terms	3 years
Performance share units, vesting period	3 years
Achievement of an earnings per share target	70.00%
Achievement of total growth in revenue	30.00%
Performance Shares [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of initial grant	200.00%
2019 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum stock based compensation awards granted under the plan	3.1
Stock awards expiry	2029

Employee Stock Plans - Schedule of Stock-Based Compensation Awards (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Compensation And Retirement Disclosure [Abstract]
Stock options	$ 367	$ 479	$ 788	$ 998
Restricted stock units and awards	1,324	1,153	2,495	2,082
Performance share units	566	285	997	319
Total stock-based compensation expense	$ 2,257	$ 1,917	$ 4,280	$ 3,399

Employee Stock Plans - Stock Award Activity (Detail) - $ / shares
shares in Thousands

6 Months Ended

Jun. 30, 2020

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Outstanding Beginning balance, Number of Options

2,412

Exercised or released, Number of Options

(327)

Expired or canceled, Number of Options

(8)

Outstanding Ending balance, Number of Options

2,077

Exercisable Ending balance, Number of Options

1,605

Outstanding Beginning balance, Weighted Average Exercise Price Per Share

$ 13.58

Exercised or released, Weighted Average Exercise Price Per Share

9.88

Expired or canceled, Weighted Average Exercise Price Per Share

18.15

Outstanding Ending balance, Weighted Average Exercise Price Per Share

14.14

Exercisable Ending balance, Weighted Average Exercise Price

$ 12.96

Restricted Stock Units and Awards [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Outstanding Beginning balance, Number of Shares

577

Granted, Number of Shares

178

Exercised or released, Number of Shares

(276)

Expired or canceled, Number of Shares

(9)

Outstanding Ending balance, Number of Shares

470

Outstanding Beginning balance, Weighted Average Grant-Date Fair Value

^[1]

$ 17.87

Granted, Weighted Average Grant-Date Fair Value

^[1]

24.48

Exercised or released, Weighted Average Grant Date Fair Value

^[1]

16.74

Expired or Canceled, Weighted Average Grant-Date Fair Value

^[1]

20.96

Outstanding Ending balance, Weighted Average Grant-Date Fair Value

^[1]

$ 20.97

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

Employee Stock Plans - Performance Share Units Award Activity (Detail) - Performance Shares [Member] shares in Thousands	6 Months Ended
	Jun. 30, 2020 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding Beginning balance, Number of Shares \| shares	200
Granted, Number of Shares \| shares	132
Expired or canceled, Number of Shares \| shares	(8)
Outstanding Ending balance, Number of Shares \| shares	324
Outstanding Beginning balance, Grant-Date Fair Value Per Unit \| $ / shares	$ 19.82
Granted, Grant-Date Fair Value Per Unit \| $ / shares	25.75
Expired or canceled, Grant-Date Fair Value Per Unit \| $ / shares	22.14
Outstanding Ending balance, Grant-Date Fair Value Per Unit \| $ / shares	$ 22.17

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share for Continuing Operations (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Income from continuing operations	$ 21,479	$ 16,614	$ 58,341	$ 54,179
Basic
Weighted average common shares outstanding	54,142	54,090	54,356	54,188
Diluted
Stock options	760	1,188	869	1,247
Restricted stock units and awards	146	176	222	225
Contingent shares	68	41	68	41
Diluted weighted average common shares outstanding	55,116	55,495	55,515	55,701
Basic earnings per share from continuing operations	$ 0.40	$ 0.31	$ 1.07	$ 1.00
Diluted earnings per share from continuing operations	$ 0.39	$ 0.30	$ 1.05	$ 0.97

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share for Continuing Operations (Parenthetical) (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Stock Compensation Plan [Member]
Dilutive Securities Included And Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Share based awards excluded from the calculation of diluted earnings per share	400,000	500,000	400,000	500,000
Performance Shares [Member]
Dilutive Securities Included And Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Share based awards excluded from the calculation of diluted earnings per share	300,000	200,000	300,000	200,000
Vested, Number of Shares	0	0	0	0

Business Combinations - Additional Information (Detail) shares in Millions	6 Months Ended
	Jun. 30, 2020 USD ($) Client_List shares	Jun. 30, 2019 USD ($) Business Client_List shares	Dec. 31, 2019 USD ($)
Business Acquisition, Contingent Consideration [Line Items]
Consideration paid in cash	$ 9,400,000
Consideration paid in common stock	900,000
Contingent consideration	4,800,000
Contingent consideration arrangements - High	6,200,000
Aggregate fair value of contingent consideration	4,700,000
Contingent consideration, current	15,646,000		$ 16,193,000
Contingent consideration, non-current	11,815,000		$ 15,896,000
Annual revenue	6,100,000
Number of businesses acquired \| Business		1
Business combination contingent consideration liability other adjustments based on projected future results of acquisition	(200,000)	$ (200,000)
Consideration paid in cash	$ 5,900,000	$ 11,300,000
Number of common stock issued \| shares	0.1	0.1
Contingent Purchase Price Liability – Current [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent consideration, current	$ 2,000,000.0
Contingent Purchase Price Liability – Non-current [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent consideration, non-current	$ 2,700,000
Alliance Insurance Services, Inc. [Member]
Business Acquisition, Contingent Consideration [Line Items]
Effective date of acquisition	Feb. 01, 2020
Acquired entity, name	Alliance Insurance Services, Inc.
Pension Dynamics Company, LLC [Member]
Business Acquisition, Contingent Consideration [Line Items]
Effective date of acquisition	Feb. 01, 2020
Acquired entity, name	Pension Dynamics Company, LLC
Sunshine Systems [Member]
Business Acquisition, Contingent Consideration [Line Items]
Effective date of acquisition	Feb. 01, 2020
Acquired entity, name	Sunshine Systems
Wenner Group, LLC [Member]
Business Acquisition, Contingent Consideration [Line Items]
Effective date of acquisition		Jan. 01, 2019
Acquired entity, name		Wenner Group, LLC
Consideration paid in cash		$ 1,300,000
Contingent consideration		1,800,000
Contingent consideration arrangements - High		1,800,000
Annual revenue		2,400,000
Wenner Group, LLC [Member] \| Contingent Purchase Price Liability – Current [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent consideration, current		600,000
Wenner Group, LLC [Member] \| Contingent Purchase Price Liability – Non-current [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent consideration, non-current		1,200,000
Series of Business Acquisition [Member]
Business Acquisition, Contingent Consideration [Line Items]
Goodwill	$ 11,200,000	$ 2,200,000
Acquisition of Client Lists [Member]
Business Acquisition, Contingent Consideration [Line Items]
Consideration paid in cash	600,000
Contingent consideration	$ 300,000
Number of client list purchased \| Client_List		0
Acquisition of Client Lists [Member] \| Benefits and Insurance Services Practice Group [Member]
Business Acquisition, Contingent Consideration [Line Items]
Number of client list purchased \| Client_List	2
Acquisition of Client Lists [Member] \| Financial Service Practice Group [Member]
Business Acquisition, Contingent Consideration [Line Items]
Number of client list purchased \| Client_List	1
Previous Client List Purchases [Member]
Business Acquisition, Contingent Consideration [Line Items]
Consideration paid in cash	$ 300,000	$ 300,000

Business Combinations - Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) - Business Acquisitions in 2019 and 2020 [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Business Acquisition [Line Items]
Cash and cash equivalents	$ 125
Accounts receivable, net	871	$ 550
Client funds	1,716
Operating lease right of use asset, net	224
Identifiable intangible assets	3,629	654
Other assets	53	5
Operating lease liability - current	(66)
Other current liabilities	(779)	(288)
Client fund obligations	(1,716)
Operating lease liability - noncurrent	(158)
Total identifiable net assets	3,899	921
Goodwill	11,158	2,165
Aggregate purchase price	$ 15,057	$ 3,086

Divestitures - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Benefits and Insurance Services [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain from the sale of its individual wealth management business	$ 0.2
Financial Services [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain from the sale of its individual wealth management business		$ 0.6

Segment Disclosures - Additional Information (Detail)	6 Months Ended
Segment Disclosures - Additional Information (Detail)	Jun. 30, 2020 Practice_Groups
Segment Reporting [Abstract]
Number of business units of the company	3

Segment Disclosures - Summary of Disaggregation of Revenue by Source (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation Of Revenue [Line Items]
Total revenue	$ 236,943	$ 235,498	$ 514,398	$ 505,496
Financial Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	154,083	154,373	342,860	339,517
Benefits and Insurance Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	73,940	72,127	153,552	148,382
National Practices [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	8,920	8,998	17,986	17,597
Accounting, Tax, Advisory and Consulting [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	154,083	154,373	342,860	339,517
Accounting, Tax, Advisory and Consulting [Member] \| Financial Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	154,083	154,373	342,860	339,517
Core Benefits and Insurance Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	71,393	69,447	147,865	142,985
Core Benefits and Insurance Services [Member] \| Benefits and Insurance Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	71,393	69,447	147,865	142,985
Non-core Benefits and Insurance Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	2,547	2,680	5,687	5,397
Non-core Benefits and Insurance Services [Member] \| Benefits and Insurance Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	2,547	2,680	5,687	5,397
Managed Networking, Hardware Services [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	6,581	6,522	13,156	12,946
Managed Networking, Hardware Services [Member] \| National Practices [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	6,581	6,522	13,156	12,946
National Practices Consulting [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	2,339	2,476	4,830	4,651
National Practices Consulting [Member] \| National Practices [Member]
Disaggregation Of Revenue [Line Items]
Total revenue	$ 2,339	$ 2,476	$ 4,830	$ 4,651

Segment Disclosures - Summary of Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenue	$ 236,943	$ 235,498	$ 514,398	$ 505,496
Operating expenses	209,016	198,148	408,843	413,644
Gross margin	27,927	37,350	105,555	91,852
Corporate general & admin	11,160	10,566	21,649	22,246
Operating income	16,767	26,784	83,906	69,606
Other income (expense):
Interest expense	(2,074)	(1,587)	(3,193)	(2,988)
Gain on sale of operations, net	57	50	152	547
Other income (expense), net	13,336	(3,311)	(2,464)	5,949
Total other income (expense), net	11,319	(4,848)	(5,505)	3,508
Income from continuing operations before income tax expense	28,086	21,936	78,401	73,114
Financial Services [Member]
Segment Reporting Information [Line Items]
Revenue	154,083	154,373	342,860	339,517
Benefits and Insurance Services [Member]
Segment Reporting Information [Line Items]
Revenue	73,940	72,127	153,552	148,382
National Practices [Member]
Segment Reporting Information [Line Items]
Revenue	8,920	8,998	17,986	17,597
Operating Segments [Member] \| Financial Services [Member]
Segment Reporting Information [Line Items]
Revenue	154,083	154,373	342,860	339,517
Operating expenses	127,417	128,158	266,015	262,616
Gross margin	26,666	26,215	76,845	76,901
Operating income	26,666	26,215	76,845	76,901
Other income (expense):
Gain on sale of operations, net	11	50	51	547
Other income (expense), net	27	(66)	46	(202)
Total other income (expense), net	38	(16)	97	345
Income from continuing operations before income tax expense	26,704	26,199	76,942	77,246
Operating Segments [Member] \| Benefits and Insurance Services [Member]
Segment Reporting Information [Line Items]
Revenue	73,940	72,127	153,552	148,382
Operating expenses	61,283	61,075	126,506	122,446
Gross margin	12,657	11,052	27,046	25,936
Operating income	12,657	11,052	27,046	25,936
Other income (expense):
Interest expense	(9)	(14)	(20)	(24)
Gain on sale of operations, net	46		101
Other income (expense), net	130	174	226	195
Total other income (expense), net	167	160	307	171
Income from continuing operations before income tax expense	12,824	11,212	27,353	26,107
Operating Segments [Member] \| National Practices [Member]
Segment Reporting Information [Line Items]
Revenue	8,920	8,998	17,986	17,597
Operating expenses	7,990	8,204	16,273	16,204
Gross margin	930	794	1,713	1,393
Operating income	930	794	1,713	1,393
Other income (expense):
Other income (expense), net		1	1	1
Total other income (expense), net		1	1	1
Income from continuing operations before income tax expense	930	795	1,714	1,394
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Operating expenses	12,326	711	49	12,378
Gross margin	(12,326)	(711)	(49)	(12,378)
Corporate general & admin	11,160	10,566	21,649	22,246
Operating income	(23,486)	(11,277)	(21,698)	(34,624)
Other income (expense):
Interest expense	(2,065)	(1,573)	(3,173)	(2,964)
Other income (expense), net	13,179	(3,420)	(2,737)	5,955
Total other income (expense), net	11,114	(4,993)	(5,910)	2,991
Income from continuing operations before income tax expense	$ (12,372)	$ (16,270)	$ (27,608)	$ (31,633)

Leases - Schedule of Supplemental Balance Sheet Information Related to Operating Leases (Detail)	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Weighted-average remaining lease term	6 years 8 months 12 days	6 years 10 months 24 days
Weighted-average discount rate	3.90%	3.60%

Leases - Schedule of Components of Lease Expense and Other Lease Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 8,855	$ 9,216	$ 17,677	$ 18,458
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	$ 9,539	$ 9,199	$ 18,802	$ 18,459

Leases - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Lessee Lease Description [Line Items]
Operating lease, option to extend			Our leases have remaining lease terms of 1 year to 11 years. These leases generally contain renewal options for periods ranging from two to five years. Because the Company is not reasonably certain to exercise these renewal options, the options are not considered in determining the lease term, and associated potential option payments are excluded from lease payments.
Lessee, Operating Lease, Existence of Option to Extend [true false]			true
Operating lease payments to related parties	$ 0.5	$ 0.5	$ 1.1	$ 1.2
Minimum [Member]
Lessee Lease Description [Line Items]
Operating lease, Remaining lease term			1 year
Operating lease, renewal term	2 years		2 years
Maximum [Member]
Lessee Lease Description [Line Items]
Operating lease, Remaining lease term			11 years
Operating lease, renewal term	5 years		5 years

Leases - Schedule of Maturity of Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
2020	$ 16,696	$ 34,775
2021	32,817	32,371
2022	26,792	26,112
2023	25,066	24,273
2024	22,506	21,578
Thereafter	68,936	67,025
Total undiscounted lease payments	192,813	206,134
Less: imputed interest	(29,495)	(45,086)
Total lease liabilities	$ 163,318	$ 161,048

Leases - Schedule of Maturity of Operating Lease Commitments (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
2020	$ 16,696	$ 34,775
2021	32,817	32,371
2022	26,792	26,112
2023	25,066	24,273
2024	22,506	21,578
Thereafter	68,936	67,025
Total undiscounted lease payments	192,813	206,134
Less: imputed interest	(29,495)	(45,086)
Total lease liabilities	$ 163,318	$ 161,048

Subsequent Events - Additional Information (Detail) - USD ($) $ in Millions		6 Months Ended
	Jul. 01, 2020	Jun. 30, 2020
Subsequent Event [Line Items]
Annual revenue		$ 6.1
Prince-Wood Insurance, L.L.C [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Effective date of acquisition	Jul. 01, 2020
Acquired entity, name	Prince-Wood Insurance, L.L.C
Annual revenue	$ 1.2