Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2020








RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES

 Three Months Ended Nine Months Ended
 December 31, December 31,
 2019 2018 2019 2018
Operating expenses, as reported$654.3  $584.9  $1,941.8  $1,681.3 
Share-based compensation expense(37.8) (36.0) (113.7) (99.3)
Acquisition-related costs(10.2) (5.4) (24.9) (38.9)
IT security remediation(0.7)   (5.7)  
Amortization of acquired intangible assets(248.7) (193.7) (745.4) (497.2)
Special charges (income) and other, net(17.8) 1.3  (29.5) (57.0)
Non-GAAP operating expenses$339.1  $351.1  $1,022.6     $ 988.9  
Non-GAAP operating expenses as a percentage of net sales 26.4 %   25.5 %   25.9 %   24.6 %
                       



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