Three Months Ended March 31, | Twelve Months Ended March 31, | ||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||
Selling, general and administrative expenses, as reported | $ | 203.5 | $ | 187.2 | $ | 797.7 | $ | 718.9 | |||||||
Share-based compensation expense | (15.8 | ) | (17.2 | ) | (60.1 | ) | (78.0 | ) | |||||||
Acquisition-related | (0.6 | ) | (0.8 | ) | (2.0 | ) | (4.1 | ) | |||||||
Professional services associated with certain legal matters | (1.5 | ) | (2.8 | ) | (4.7 | ) | (8.4 | ) | |||||||
IT security remediation | — | — | — | (0.2 | ) | ||||||||||
Non-GAAP selling, general and administrative expenses | $ | 185.6 | $ | 166.4 | $ | 730.9 | $ | 628.2 | |||||||
GAAP selling, general and administrative expenses as a percentage of net sales | 9.1 | % | 10.2 | % | 9.5 | % | 10.5 | % | |||||||
Non-GAAP selling, general and administrative expenses as a percentage of net sales | 8.3 | % | 9.0 | % | 8.7 | % | 9.2 | % | |||||||
Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2023
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RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
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