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LONG-TERM INCENTIVE EMPLOYEE COMPENSATION | 6 Months Ended
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Jul. 01, 2023
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 in our Consolidated Condensed Statements of Operations. The following table summarizes our LTIP costs.
| Three Months Ended |  | Six Months Ended
| July 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Equity-based awards | $ | 5.4 |  |  | $ | 5.0 |  |  | $ | 10.1 |  |  | $ | 8.7 |
Liability-based awards | — |  |  | 0.1 |  |  | 0.8 |  |  | 0.7 |
Total share-based compensation expense | $ | 5.4 |  |  | $ | 5.1 |  |  | $ | 10.9 |  |  | $ | 9.4 |
As of July 1, 2023, there was $36.2 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 2.1 years. Additionally, unrecognized compensation cost related to liability-based awards was $2.6, which is expected to be recognized ratably over a weighted-average period of 2.2 years. Year-to-Date 2023 LTIP Activity The majority of our LTIP awards are granted during the first quarter of each year and have three-year service periods. These awards either vest equally each year or at the completion of the three-year service period. During the six months ended July 1, 2023, 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) | 0.2 |  | $ | 92.12 |
Performance stock units (PSUs) | 0.1 |  | $ | 112.31 |
During the six months ended July 1, 2023 and July 2, 2022, a nominal amount of non-qualified stock options were exercised resulting in proceeds of $0.4 and $0.7, respectively. During the six months ended July 1, 2023 and July 2, 2022, RSUs of 0.1 and 0.1, respectively, vested and were issued. During the six months ended July 1, 2023 and July 2, 2022, PSUs of 0.1 and 0.1 that vested on December 31, 2022 and 2021, respectively, were issued.

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