RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET | |||||||||||||||
Three Months Ended September 30, | Six Months Ended September 30, | ||||||||||||||
2024
| 2023
| 2024
| 2023
| ||||||||||||
Other expense, net, as reported | $ | (55.1 | ) | $ | (51.4 | ) | $ | (112.4 | ) | $ | (106.2 | ) | |||
Loss on settlement of debt | — | 3.1 | — | 12.2 | |||||||||||
Loss on available-for-sale investments | 1.8 | — | 1.8 | — | |||||||||||
Non-GAAP other expense, net | $ | (53.3 | ) | $ | (48.3 | ) | $ | (110.6 | ) | $ | (94.0 | ) | |||
GAAP other expense, net, as a percentage of net sales | (4.7) % | (2.3) % | (4.7) % | (2.3) % | |||||||||||
Non-GAAP other expense, net, as a percentage of net sales | (4.6) % | (2.1) % | (4.6) % | (2.1) % | |||||||||||
Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025
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(1) Amortization of acquired intangible assets consists of core and developed technology and customer-related acquired intangible assets in connection with business combinations. Such charges are excluded for purposes of calculating certain non-GAAP measures. The use of acquired intangible assets contributed to our revenues earned during the periods presented.
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