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SHARE-BASED COMPENSATION (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of share-based compensation expense | The following table displays share-based compensation expense recorded in the condensed consolidated statements of operations and comprehensive loss:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2021 |  | 2020
|  |  |  |  | (dollars in millions)
Share-based compensation expense: |  |  |  |  |  |  |
Loss and loss adjustment expenses |  |  |  |  | $ | 0.1 |  |  | $ | 0.4 |
Sales and marketing |  |  |  |  | — |  |  | 1.0 |
Other insurance expense |  |  |  |  | 0.1 |  |  | 0.9 |
Technology and development |  |  |  |  | 0.3 |  |  | 5.2 |
General and administrative |  |  |  |  | 1.8 |  |  | 18.2 |
Total share-based compensation expense |  |  |  |  | $ | 2.3 |  |  | $ | 25.7 |
The following table provides total share-based compensation expense by type of award:
| Three Months Ended March 31,
| 2021 |  | 2020
| (dollars in millions)
Share-based compensation expense: |  |  |
Restricted stock unit expense | $ | 0.6 |  |  | $ | — |
Stock option expense | 1.7 |  |  | 25.7 |
Total share-based compensation expense | $ | 2.3 |  |  | $ | 25.7 |
Summary of RSU activity | A summary of RSU activity for the three months ended March 31, 2021 is as follows:
|  | March 31, 2021
Restricted Stock Units |  | Number of Shares |  | Weighted-Average Grant Date Fair Value per Share |  | Aggregate Intrinsic Value
|  | (in millions, except exercise price and term amounts)
Nonvested at January 1, 2021 |  | 0.4 |  |  | $ | 18.41 |  |  | $ | 6.2 |
Granted |  | 0.1 |  |  | 16.02 |  |  |
Vested |  | — |  |  | 17.27 |  |  | 0.3 |
Forfeited, expired or canceled |  | — |  |  | 21.49 |  |  |
Nonvested at March 31, 2021 |  | 0.5 |  |  | $ | 17.75 |  |  | $ | 6.7 |
Summary of option activity | A summary of option activity for the three months ended March 31, 2021 is as follows:
| March 31, 2021
Options | Number of Shares |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term (in Years) |  | Aggregate Intrinsic Value
| (in millions, except exercise price and term amounts)
Outstanding and exercisable at January 1, 2021 | 10.4 |  |  | $ | 2.39 |  |  | 7.75 |  | $ | 137.7 |
Granted | — |  |  | — |  |  |  |  |
Exercised | (1.2) |  |  | 2.00 |  |  |  |  | 12.1 |
Forfeited, expired or canceled | (0.7) |  |  | 4.80 |  |  |  |  |
Outstanding and exercisable at March 31, 2021 | 8.5 |  |  | $ | 2.24 |  |  | 7.17 |  | $ | 88.5 |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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