Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2021
RECONCILIATION OF GAAP INCOME TAX BENEFIT TO NON-GAAP INCOME TAX PROVISION
| | Three Months Ended | | Nine Months Ended |
| | December 31, | | December 31, |
| | 2020 | | 2019 | | 2020 | | 2019 |
| Income tax benefit, as reported | $ | (19.4 | ) | | | $ | (300.5 | ) | | | $ | (38.3 | ) | | | $ | (366.1 | ) | |
| Income tax rate, as reported | (115.5 | ) | % | | (2,834.9 | ) | % | | (19.6 | ) | % | | (350.0 | ) | % |
| Other non-GAAP tax adjustment | 39.1 | | | | 322.3 | | | | 105.6 | | | | 434.1 | | |
| Non-GAAP income tax provision | $ | 19.7 | | | | $ | 21.8 | | | | $ | 67.3 | | | | $ | 68.0 | | |
| Non-GAAP income tax rate | 4.2 | | % | | 6.0 | | % | | 5.1 | | % | | 6.0 | | % |
| | | | | | | | | | | | | | | | |
