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 | % |
Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2022
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RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
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