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LONG-TERM INCENTIVE EMPLOYEE COMPENSATION | 6 Months Ended
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Jul. 03, 2021
Share-based Payment Arrangement [Abstract] |
LONG-TERM INCENTIVE EMPLOYEE COMPENSATION | LONG-TERM INCENTIVE EMPLOYEE COMPENSATION Our long-term incentive plan (LTIP) costs are primarily recorded within general and administrative expenses. The following table provides the components of LTIP costs for the three and six months ended July 3, 2021 and June 27, 2020.
| Three Months Ended |  | Six Months Ended
| July 3, 2021 |  | June 27, 2020 |  | July 3, 2021 |  | June 27, 2020
Equity-based awards | $ | 4.2 |  |  | $ | 3.3 |  |  | $ | 7.4 |  |  | $ | 5.8 |
Liability-based awards | 0.2 |  |  | 0.5 |  |  | 1.1 |  |  | (0.1) |
Total share-based compensation expense | $ | 4.4 |  |  | $ | 3.8 |  |  | $ | 8.5 |  |  | $ | 5.7 |
The change in share-based compensation expense for equity-based awards was primarily driven by the likelihood of achieving certain performance targets. The change in share-based compensation expense for liability-based awards is driven by the change in ITT’s stock price. At July 3, 2021, there was $28.3 of total unrecognized compensation cost related to non-vested equity awards. This cost is expected to be recognized ratably over a weighted-average period of 1.9 years. Additionally, unrecognized compensation cost related to liability-based awards was $2.0, which is expected to be recognized ratably over a weighted-average period of 2.2 years. Year-to-Date 2021 LTIP Activity The majority of our LTIP awards are granted during the first quarter of each year and vest on the completion of a three-year service period. During the six months ended July 3, 2021, we granted the following LTIP awards as provided in the table below:
| # of Awards Granted | Weighted Average Grant Date Fair Value Per Share
Restricted stock units (RSUs) | 0.1 |  | $ | 85.07 |  |
Performance stock units (PSUs) | 0.1 |  | $ | 84.27 |  |
During the six months ended July 3, 2021 and June 27, 2020, a nominal amount of non-qualified stock options were exercised resulting in proceeds of $0.5 and $0.1, respectively. During the six months ended July 3, 2021 and June 27, 2020, RSUs of 0.1 and 0.2, respectively, vested and were issued. During the six months ended July 3, 2021 and June 27, 2020, PSUs of 0.2 that vested on December 31, 2020 and 2019, respectively, were issued.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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