RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
| Three Months Ended June 30, | |||||||
| 2024 | 2023 | ||||||
| Selling, general and administrative expenses, as reported | $ | 150.5 | $ | 203.6 | |||
| Share-based compensation expense | (14.1 | ) | (14.8 | ) | |||
| Other adjustments | (1.3 | ) | 1.1 | ||||
| Professional services associated with certain legal matters | (0.5 | ) | (0.5 | ) | |||
| Non-GAAP selling, general and administrative expenses | $ | 134.6 | $ | 189.4 | |||
| GAAP selling, general and administrative expenses as a percentage of net sales | 12.1 | % | 8.9 | % | |||
| Non-GAAP selling, general and administrative expenses as a percentage of net sales | 10.8 | % | 8.3 | % | |||
RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
| Three Months Ended June 30, | |||||||
| 2024 | 2023 | ||||||
| Operating expenses, as reported | $ | 517.8 | $ | 655.3 | |||
| Share-based compensation expense | (37.4 | ) | (37.7 | ) | |||
| Other adjustments | (1.3 | ) | 0.9 | ||||
| Professional services associated with certain legal matters | (0.5 | ) | (0.5 | ) | |||
| Amortization of acquired intangible assets (1) | (123.0 | ) | (151.5 | ) | |||
| Special charges and other, net | (2.6 | ) | (1.7 | ) | |||
| Non-GAAP operating expenses | $ | 353.0 | $ | 464.8 | |||
| GAAP operating expenses as a percentage of net sales | 41.7 | % | 28.6 | % | |||
| Non-GAAP operating expenses as a percentage of net sales | 28.4 | % | 20.3 | % | |||
| (1) Amortization of acquired intangible assets consists of core and developed technology and customer-related acquired intangible assets in connection with business combinations. Such charges are excluded for purposes of calculating certain non-GAAP measures. | |||||||
