| Three Months Ended | Six Months Ended | ||||||||||||||
| September 30, | September 30, | ||||||||||||||
| 2020 | 2019 | 2020 | 2019 | ||||||||||||
| Net income, as reported | $ | 73.6 | $ | 108.9 | $ | 197.2 | $ | 159.6 | |||||||
| Share-based compensation expense | 49.7 | 45.3 | 92.1 | 86.0 | |||||||||||
| COVID-19 shelter-in-place restrictions on manufacturing activities | — | — | 2.8 | — | |||||||||||
| Acquisition-related | (0.9 | ) | 8.1 | 0.6 | 14.7 | ||||||||||
| Professional services associated with certain legal matters | 1.3 | — | 4.8 | — | |||||||||||
| IT security remediation | 0.3 | 2.0 | 1.3 | 5.0 | |||||||||||
| Amortization of acquired intangible assets | 232.9 | 248.2 | 468.3 | 496.7 | |||||||||||
| Special charges and other, net | 4.3 | 3.6 | 4.6 | 11.7 | |||||||||||
| Loss on settlement of debt | 45.1 | 0.1 | 71.9 | 2.0 | |||||||||||
| Non-cash other expense, net | 16.8 | 30.6 | 41.4 | 60.5 | |||||||||||
| Gains on available-for-sale investments | — | (0.3 | ) | (0.2 | ) | (1.1 | ) | ||||||||
| Other non-GAAP tax adjustment | (6.7 | ) | (80.8 | ) | (66.5 | ) | (111.8 | ) | |||||||
| Non-GAAP net income | $ | 416.4 | $ | 365.7 | $ | 818.3 | $ | 723.3 | |||||||
| Non-GAAP net income as a percentage of net sales | 31.8 | % | 27.3 | % | 31.2 | % | 27.2 | % | |||||||
| GAAP net income as a percentage of net sales | 5.6 | % | 8.1 | % | 7.5 | % | 6.0 | % | |||||||
| Diluted net income per common share, as reported | $ | 0.27 | $ | 0.43 | $ | 0.75 | $ | 0.63 | |||||||
| Non-GAAP diluted net income per common share | $ | 1.56 | $ | 1.43 | $ | 3.11 | $ | 2.84 | |||||||
| Diluted common shares outstanding, as reported | 267.7 | 255.3 | 262.8 | 254.6 | |||||||||||
| Diluted common shares outstanding non-GAAP | 267.7 | 255.3 | 262.8 | 254.6 | |||||||||||
Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2021
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RECONCILIATION OF GAAP NET INCOME AND GAAP DILUTED NET INCOME PER COMMON SHARE TO NON-GAAP NET INCOME AND NON-GAAP DILUTED NET INCOME PER COMMON SHARE
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