Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2023
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RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES |
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| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | | 2022 | | | | 2021 | | | | 2022 | | | | 2021 | |
| Selling, general and administrative expenses, as reported | $ | 202.4 | | | $ | 179.9 | | | $ | 391.3 | | | $ | 354.2 | |
| Share-based compensation expense | | (15.0 | ) | | | (20.5 | ) | | | (28.4 | ) | | | (41.7 | ) |
| Acquisition-related | | (0.7 | ) | | | (1.0 | ) | | | (1.3 | ) | | | (2.3 | ) |
| Professional services associated with certain legal matters | | (2.3 | ) | | | (1.7 | ) | | | (3.2 | ) | | | (3.8 | ) |
| Non-GAAP selling, general and administrative expenses | $ | 184.4 | | | $ | 156.7 | | | $ | 358.4 | | | $ | 306.4 | |
| Non-GAAP selling, general and administrative expenses as a percentage of net sales | | 8.9 | % | | | 9.5 | % | | | 8.9 | % | | | 9.5 | % |
