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

RECONCILIATION OF GAAP INCOME TAX BENEFIT TO NON-GAAP INCOME TAX PROVISION

 Three Months Ended Nine Months Ended
 December 31, December 31,
 2020 2019 2020 2019
Income tax benefit, as reported$(19.4)  $(300.5)  $(38.3)  $(366.1) 
Income tax rate, as reported(115.5)% (2,834.9)% (19.6)% (350.0)%
Other non-GAAP tax adjustment39.1   322.3   105.6   434.1  
Non-GAAP income tax provision$19.7   $21.8   $67.3   $68.0   
Non-GAAP income tax rate 4.2   %   6.0   %   5.1   %   6.0   %
                               

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