Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024

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

 Three Months Ended September 30, Six Months Ended September 30,
  2023   2022   2023   2022 
Selling, general and administrative expenses, as reported$196.6  $202.4  $400.2  $391.3 
Share-based compensation expense (14.3)  (15.0)  (29.1)  (28.4)
Other adjustments (0.6)  (0.7)  0.5   (1.3)
Professional services associated with certain legal matters (0.3)  (2.3)  (0.8)  (3.2)
Non-GAAP selling, general and administrative expenses $ 181.4     $ 184.4     $ 370.8     $ 358.4  
GAAP selling, general and administrative expenses as a percentage of net sales   8.7 %     9.8 %     8.8 %     9.7 %
Non-GAAP selling, general and administrative expenses as a percentage of net sales   8.0 %     8.9 %     8.2 %     8.9 %
                               

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