RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
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Three Months Ended December 31, | Nine Months Ended December 31, | ||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||
Selling, general and administrative expenses, as reported | $ | 172.2 | $ | 202.9 | $ | 572.4 | $ | 594.2 | |||||||
Share-based compensation expense | (14.4 | ) | (15.9 | ) | (43.5 | ) | (44.3 | ) | |||||||
Other adjustments | (1.0 | ) | (0.1 | ) | (0.5 | ) | (1.4 | ) | |||||||
Professional services associated with certain legal matters | (0.4 | ) | — | (1.2 | ) | (3.2 | ) | ||||||||
Non-GAAP selling, general and administrative expenses | $ | 156.4 | $ | 186.9 | $ | 527.2 | $ | 545.3 | |||||||
GAAP selling, general and administrative expenses as a percentage of net sales | 9.8 | % | 9.4 | % | 9.1 | % | 9.6 | % | |||||||
Non-GAAP selling, general and administrative expenses as a percentage of net sales | 8.9 | % | 8.6 | % | 8.4 | % | 8.8 | % |