Three Months Ended | Nine Months Ended | ||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||
Operating expenses, as reported | $ | 600.2 | $ | 654.3 | $ | 1,761.9 | $ | 1,941.8 | |||||||||||
Share-based compensation expense | (44.8 | ) | (37.8 | ) | (124.5 | ) | (113.7 | ) | |||||||||||
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 expenses | $ | 314.1 | $ | 339.1 | $ | 916.5 | $ | 1,022.6 | |||||||||||
Non-GAAP operating expenses as a percentage of net sales | 23.2 | % | 26.4 | % | 23.1 | % | 25.9 | % | |||||||||||
Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2021
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RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
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