| Three Months Ended | Twelve Months Ended | ||||||||||||||
| March 31, | March 31, | ||||||||||||||
| 2020 | 2019 | 2020 | 2019 | ||||||||||||
| Operating income, as reported | $ | 160.7 | $ | 284.6 | $ | 647.1 | $ | 714.3 | |||||||
| Share-based compensation expense | 40.7 | 39.1 | 170.2 | 149.2 | |||||||||||
| COVID-19 shelter-in-place restrictions on manufacturing activities
| 3.3 | — | 3.3 | — | |||||||||||
| Acquisition-related costs | 10.9 | 5.0 | 35.8 | 44.1 | |||||||||||
| Professional services associated with certain legal matters | 3.3 | — | 3.3 | — | |||||||||||
| IT security remediation | 1.1 | — | 6.8 | — | |||||||||||
| Excess capacity charges to normalize acquired inventory levels | — | — | — | 2.3 | |||||||||||
| Acquired inventory valuation costs | — | 1.8 | — | 365.7 | |||||||||||
| Amortization of acquired intangible assets | 248.5 | 176.9 | 993.9 | 674.1 | |||||||||||
| Special charges (income) and other, net | 17.2 | (23.3 | ) | 46.7 | 33.7 | ||||||||||
| Non-GAAP operating income | $ | 485.7 | $ | 484.1 | $ | 1,907.1 | $ | 1,983.4 | |||||||
| Non-GAAP operating income as a percentage of net sales | 36.6 | % | 36.4 | % | 36.2 | % | 37.1 | % | |||||||
Microchip Technology Announces Financial Results for Fourth Quarter and Fiscal Year 2020
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RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME
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