Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2021
RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
| | Three Months Ended | | Nine Months Ended |
| | December 31, | | December 31, |
| | 2020 | | 2019 | | 2020 | | 2019 |
| Selling, general and administrative expenses, as reported | $ | 154.2 | | | | $ | 170.7 | | | | $ | 445.2 | | | | $ | 510.9 | | |
| Share-based compensation expense | (19.8 | ) | | | (16.6 | ) | | | (54.5 | ) | | | (50.7 | ) | |
| Acquisition-related | (0.8 | ) | | | (10.2 | ) | | | (1.4 | ) | | | (24.8 | ) | |
| Professional services associated with certain legal matters | (4.3 | ) | | | — | | | | (9.1 | ) | | | — | | |
| IT security remediation | (0.1 | ) | | | (0.7 | ) | | | (1.4 | ) | | | (5.7 | ) | |
| Non-GAAP selling, general and administrative expenses | $ | 129.2 | | | | $ | 143.2 | | | | $ | 378.8 | | | | $ | 429.7 | | |
| Non-GAAP selling, general and administrative expenses as a percentage of net sales | 9.6 | | % | | 11.1 | | % | | 9.5 | | % | | 10.9 | | % |
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