Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2024

 
RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
 Three Months Ended December 31, Nine Months Ended December 31,
  2023  2022  2023  2022
Selling, general and administrative expenses, as reported$        172.2  $        202.9  $        572.4  $        594.2 
Share-based compensation expense         (14.4)          (15.9)          (43.5)          (44.3)
Other adjustments         (1.0)          (0.1)          (0.5)          (1.4)
Professional services associated with certain legal matters         (0.4)          —           (1.2)          (3.2)
Non-GAAP selling, general and administrative expenses$        156.4  $        186.9    $         527.2     $         545.3  
GAAP selling, general and administrative expenses as a percentage of net sales           9.8 %             9.4 %             9.1 %             9.6 %
Non-GAAP selling, general and administrative expenses as a percentage of net sales           8.9 %             8.6 %             8.4 %             8.8 %



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