| Three Months Ended March 31, | Twelve Months Ended March 31, | ||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| Operating expenses, as reported | $ | 671.3 | $ | 670.9 | $ | 2,581.9 | $ | 2,600.0 | |||||||
| Share-based compensation expense | (37.8 | ) | (39.0 | ) | (143.2 | ) | (175.9 | ) | |||||||
| Acquisition-related | (0.8 | ) | (1.0 | ) | (2.8 | ) | (4.9 | ) | |||||||
| Professional services associated with certain legal matters | (1.5 | ) | (2.8 | ) | (4.7 | ) | (8.4 | ) | |||||||
| IT security remediation | — | — | — | (0.2 | ) | ||||||||||
| Amortization of acquired intangible assets | (167.4 | ) | (215.5 | ) | (669.9 | ) | (862.5 | ) | |||||||
| Special charges (income) and other, net | (2.1 | ) | (9.1 | ) | 4.0 | (29.5 | ) | ||||||||
| Non-GAAP operating expenses | $ | 461.7 | $ | 403.5 | $ | 1,765.3 | $ | 1,518.6 | |||||||
| GAAP operating expenses as a percentage of net sales | 30.1 | % | 36.4 | % | 30.6 | % | 38.1 | % | |||||||
| Non-GAAP operating expenses as a percentage of net sales | 20.7 | % | 21.9 | % | 20.9 | % | 22.3 | % | |||||||
Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2023
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RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
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