| Three Months Ended | Nine Months Ended | ||||||||||||||||||
| December 31, | December 31, | ||||||||||||||||||
| 2020 | 2019 | 2020 | 2019 | ||||||||||||||||
| Net income, as reported | $ | 36.2 | $ | 311.1 | $ | 233.4 | $ | 470.7 | |||||||||||
| 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 | |||||||||||||||
| Loss on settlement of debt | 142.1 | — | 214.0 | 2.0 | |||||||||||||||
| Non-cash other expense, net | 13.2 | 31.1 | 54.6 | 91.6 | |||||||||||||||
| Gains on equity investments | — | — | (0.2 | ) | (1.1 | ) | |||||||||||||
| Other non-GAAP tax adjustment | (39.1 | ) | (322.3 | ) | (105.6 | ) | (434.1 | ) | |||||||||||
| Non-GAAP net income | $ | 444.9 | $ | 340.8 | $ | 1,263.2 | $ | 1,064.1 | |||||||||||
| Non-GAAP net income as a percentage of net sales | 32.9 | % | 26.5 | % | 31.8 | % | 27.0 | % | |||||||||||
| GAAP net income as a percentage of net sales | 2.7 | % | 24.2 | % | 5.9 | % | 11.9 | % | |||||||||||
| Diluted net income per common share, as reported | $ | 0.13 | $ | 1.20 | $ | 0.87 | $ | 1.84 | |||||||||||
| Non-GAAP diluted net income per common share | $ | 1.62 | $ | 1.32 | $ | 4.73 | $ | 4.16 | |||||||||||
| Diluted common shares outstanding, as reported | 275.4 | 258.3 | 267.0 | 255.8 | |||||||||||||||
| Diluted common shares outstanding non-GAAP | 275.4 | 258.3 | 267.0 | 255.8 | |||||||||||||||
Microchip Technology Announces Financial Results for Third 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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