Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2021

RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

 Three Months Ended Six Months Ended
 September 30, September 30,
 2020 2019 2020 2019
Selling, general and administrative expenses, as reported$144.7  $172.3  $291.0  $340.2 
Share-based compensation expense(19.2) (17.8) (34.7) (34.1)
Acquisition-related0.9  (8.1) (0.6) (14.6)
Professional services associated with certain legal matters(1.3)   (4.8)  
IT security remediation(0.3) (2.0) (1.3) (5.0)
Non-GAAP selling, general and administrative expenses$124.8  $144.4  $249.6  $286.5 
Non-GAAP selling, general and administrative expenses as a percentage of net sales 9.5 %   10.8 %   9.5 %   10.8 %

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