RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
Three Months Ended March 31, | Twelve Months Ended March 31, | ||||||||||||||
2024 | 2023 | 2024 | 2023 | ||||||||||||
Selling, general and administrative expenses, as reported | $ | 161.8 | $ | 203.5 | $ | 734.2 | $ | 797.7 | |||||||
Share-based compensation expense | (14.1 | ) | (15.8 | ) | (57.6 | ) | (60.1 | ) | |||||||
Other adjustments | (0.8 | ) | (0.6 | ) | (1.3 | ) | (2.0 | ) | |||||||
Professional services associated with certain legal matters | (0.3 | ) | (1.5 | ) | (1.5 | ) | (4.7 | ) | |||||||
Non-GAAP selling, general and administrative expenses | $ | 146.6 | $ | 185.6 | $ | 673.8 | $ | 730.9 | |||||||
GAAP selling, general and administrative expenses as a percentage of net sales | 12.2 | % | 9.1 | % | 9.6 | % | 9.5 | % | |||||||
Non-GAAP selling, general and administrative expenses as a percentage of net sales | 11.1 | % | 8.3 | % | 8.8 | % | 8.7 | % |