Three Months Ended | Nine Months Ended | ||||||||||||||
December 31, | December 31, | ||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||
Operating income, as reported | $ | 245.6 | $ | 131.2 | $ | 690.1 | $ | 486.4 | |||||||
Share-based compensation expense | 51.2 | 43.5 | 143.3 | 129.5 | |||||||||||
COVID-19 shelter-in-place restrictions on manufacturing activities | — | — | 2.8 | — | |||||||||||
Acquisition-related | 1.0 | 10.2 | 1.6 | 24.9 | |||||||||||
Professional services associated with certain legal matters | 4.3 | — | 9.1 | — | |||||||||||
IT security remediation | 0.1 | 0.7 | 1.4 | 5.7 | |||||||||||
Amortization of acquired intangible assets | 231.6 | 248.7 | 699.9 | 745.4 | |||||||||||
Special charges and other, net | 4.3 | 17.8 | 8.9 | 29.5 | |||||||||||
Non-GAAP operating income | $ | 538.1 | $ | 452.1 | $ | 1,557.1 | $ | 1,421.4 | |||||||
Non-GAAP operating income as a percentage of net sales | 39.8 | % | 35.1 | % | 39.2 | % | 36.0 | % | |||||||
Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2021
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RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME
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