Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2021
RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
| | Three Months Ended | | Six Months Ended |
| | September 30, | | September 30, |
| | 2020 | | 2019 | | 2020 | | 2019 |
| Selling, general and administrative expenses, as reported | $ | 144.7 | | | $ | 172.3 | | | $ | 291.0 | | | $ | 340.2 | |
| Share-based compensation expense | (19.2 | ) | | (17.8 | ) | | (34.7 | ) | | (34.1 | ) |
| Acquisition-related | 0.9 | | | (8.1 | ) | | (0.6 | ) | | (14.6 | ) |
| Professional services associated with certain legal matters | (1.3 | ) | | — | | | (4.8 | ) | | — | |
| IT security remediation | (0.3 | ) | | (2.0 | ) | | (1.3 | ) | | (5.0 | ) |
| Non-GAAP selling, general and administrative expenses | $ | 124.8 | | | $ | 144.4 | | | $ | 249.6 | | | $ | 286.5 | |
| Non-GAAP selling, general and administrative expenses as a percentage of net sales | 9.5 | % | | 10.8 | % | | 9.5 | % | | 10.8 | % |
