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Share-Based Compensation | 9 Months Ended
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Sep. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation | Share-Based Compensation Share-Based Awards Granted We granted the following awards under our stock compensation plans during the periods presented (in millions, except per share data):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
|  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
|  | Shares Granted | Weighted-average grant date fair value per share |  | Shares Granted | Weighted-average grant date fair value per share |  | Shares Granted | Weighted-average grant date fair value per share |  | Shares Granted | Weighted-average grant date fair value per share |  |  |  |
Restricted stock units(1) |  | — |  | $ | 18.76 |  |  | — |  | $ | 22.80 |  |  | 0.7 |  | $ | 22.85 |  |  | 0.7 |  | $ | 22.82 |  |  |  |  |
Restricted stock awards |  | 0.8 |  | $ | 19.60 |  |  | — |  | $ | — |  |  | 0.8 |  | $ | 19.60 |  |  | — |  | $ | — |  |  |  |  |
Performance based restricted share unit awards(2) (3) |  | — |  | $ | — |  |  | — |  | $ | 23.28 |  |  | 0.6 |  | $ | 36.58 |  |  | 0.5 |  | $ | 23.37 |  |  |  |  |
Total |  | 0.8 |  |  |  | — |  |  |  | 2.1 |  |  |  | 1.2 |  |  |  |  |  |
(1) A nominal amount of restricted stock units were granted during the three months ended September 30, 2023 and September 30, 2022. |  |  |  |
(2) A nominal amount of performance based restricted share unit awards were granted during the three months ended September 30, 2022. |  |  |  |
(3) Weighted-average grant date fair value per share determined using Monte-Carlo valuation method. |  |  |  |
Share-Based Compensation Expense Total share-based compensation expense by award-type, net of estimated forfeitures, recognized in the condensed consolidated statement of operations for the periods presented was (in millions):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Stock options |  | $ | 0.1 |  |  | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | 1.2 |
Restricted stock units |  | 5.1 |  |  | 4.5 |  |  | 14.6 |  |  | 13.2 |
Restricted stock awards |  | 0.5 |  |  | 0.3 |  |  | 0.8 |  |  | 1.0 |
Performance based restricted share unit awards |  | 7.9 |  |  | 5.2 |  |  | 22.6 |  |  | 22.0 |
Total share-based compensation expense, before tax |  | 13.6 |  |  | 10.4 |  |  | 38.4 |  |  | 37.4 |
Income tax benefit |  | (3.2) |  |  | (2.5) |  |  | (9.2) |  |  | (9.0) |
Total share-based compensation expense, after tax |  | $ | 10.4 |  |  | $ | 7.9 |  |  | $ | 29.2 |  |  | $ | 28.4 |
Total share-based compensation, net of estimated forfeitures, recognized in the condensed consolidated statement of operations for the periods presented was (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Cost of products | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 1.4 |  |  | $ | 1.2 |
Selling, general and administrative expense | 11.6 |  |  | 10.0 |  |  | 33.4 |  |  | 35.0 |
Research and development expense | 0.5 |  |  | 0.1 |  |  | 1.1 |  |  | 0.9 |
Other venue expense | 1.0 |  |  | 0.1 |  |  | 2.5 |  |  | 0.3 |
Total share-based compensation expense, before tax | 13.6 |  |  | 10.4 |  |  | 38.4 |  |  | 37.4 |
Income tax benefit | (3.2) |  |  | (2.5) |  |  | (9.2) |  |  | (9.0) |
Total share-based compensation expense, after tax | $ | 10.4 |  |  | $ | 7.9 |  |  | $ | 29.2 |  |  | $ | 28.4 |

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