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LONG-TERM INCENTIVE EMPLOYEE COMPENSATION | 9 Months Ended
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Sep. 30, 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 |  | Nine Months Ended
| September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
Equity-based awards | $ | 5.0 |  |  | $ | 4.8 |  |  | $ | 15.1 |  |  | $ | 13.6 |
Liability-based awards | 0.4 |  |  | 0.2 |  |  | 1.2 |  |  | 0.8 |
Total share-based compensation expense | $ | 5.4 |  |  | $ | 5.0 |  |  | $ | 16.3 |  |  | $ | 14.4 |
As of September 30, 2023, there was $30.7 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 $2.5, which is expected to be recognized ratably over a weighted-average period of 2.0 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 nine months ended September 30, 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 |  | $ | 92.47 |
Performance stock units (PSUs) | 0.1 |  | $ | 112.59 |
During the nine months ended September 30, 2023 and October 1, 2022, a nominal amount of non-qualified stock options were exercised resulting in proceeds of $0.6 and $1.8, respectively. During the nine months ended September 30, 2023 and October 1, 2022, RSUs of 0.1 and 0.1, respectively, vested and were issued. During the nine months ended September 30, 2023 and October 1, 2022, PSUs of 0.1 and 0.1 that vested on December 31, 2022 and 2021, respectively, were issued.

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