Microchip Technology Announces Financial Results For Fourth Quarter and Fiscal Year 2024


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,
  2024   2023   2024   2023 
Selling, general and administrative expenses, as reported$161.8  $203.5  $734.2  $797.7 
Share-based compensation expense (14.1)  (15.8)  (57.6)  (60.1)
Other adjustments (0.8)  (0.6)  (1.3)  (2.0)
Professional services associated with certain legal matters (0.3)  (1.5)  (1.5)  (4.7)
Non-GAAP selling, general and administrative expenses $ 146.6     $ 185.6     $ 673.8     $ 730.9  
GAAP selling, general and administrative expenses as a percentage of net sales   12.2 %     9.1 %     9.6 %     9.5 %
Non-GAAP selling, general and administrative expenses as a percentage of net sales   11.1 %     8.3 %     8.8 %     8.7 %

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