Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2022

RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

 Three Months Ended March 31, Twelve Months Ended March 31,
  2022   2021   2022   2021 
Selling, general and administrative expenses, as reported$187.2  $165.1  $718.9  $610.3 
Share-based compensation expense (17.2)  (20.4)  (78.0)  (74.9)
Acquisition-related (0.8)  (2.2)  (4.1)  (3.7)
Professional services associated with certain legal matters (2.8)  (0.4)  (8.4)  (9.5)
IT security remediation         (0.1 )     (0.2 )     (1.5 )
Non-GAAP selling, general and administrative expenses $ 166.4     $ 142.0     $ 628.2     $ 520.7  
Non-GAAP selling, general and administrative expenses as a percentage of net sales   9.0 %     9.7 %     9.2 %     9.6 %

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