Three Months Ended | Twelve Months Ended | ||||||||||||||
March 31, | March 31, | ||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||
Operating income, as reported | $ | 308.0 | $ | 160.7 | $ | 998.1 | $ | 647.1 | |||||||
Share-based compensation expense | 55.0 | 40.7 | 198.3 | 170.2 | |||||||||||
COVID-19 shelter-in-place restrictions on manufacturing activities | — | 3.3 | 2.8 | 3.3 | |||||||||||
Manufacturing excursion | 5.8 | — | 5.8 | — | |||||||||||
Acquisition-related | 2.4 | 10.9 | 4.0 | 35.8 | |||||||||||
Professional services associated with certain legal matters | 0.4 | 3.3 | 9.5 | 3.3 | |||||||||||
IT security remediation | 0.1 | 1.1 | 1.5 | 6.8 | |||||||||||
Amortization of acquired intangible assets | 232.4 | 248.5 | 932.3 | 993.9 | |||||||||||
Special (income) charges and other, net | (7.2 | ) | 17.2 | 1.7 | 46.7 | ||||||||||
Non-GAAP operating income | $ | 596.9 | $ | 485.7 | $ | 2,154.0 | $ | 1,907.1 | |||||||
Non-GAAP operating income as a percentage of net sales | 40.7 | % | 36.6 | % | 39.6 | % | 36.2 | % | |||||||
Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2021
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RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME
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