Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2022
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, |
| | 2021 | | 2020 | | 2021 | | 2020 |
| Selling, general and administrative expenses, as reported | $ | 179.9 | | | | $ | 144.7 | | | | $ | 354.2 | | | | $ | 291.0 | | |
| Share-based compensation expense | (20.5 | ) | | | (19.2 | ) | | | (41.7 | ) | | | (34.7 | ) | |
| Acquisition-related | (0.9 | ) | | | 0.9 | | | | (2.2 | ) | | | (0.6 | ) | |
| Professional services associated with certain legal matters | (1.7 | ) | | | (1.3 | ) | | | (3.8 | ) | | | (4.8 | ) | |
| IT security remediation | — | | | | (0.3 | ) | | | — | | | | (1.3 | ) | |
| Non-GAAP selling, general and administrative expenses | $ | 156.8 | | | | $ | 124.8 | | | | $ | 306.5 | | | | $ | 249.6 | | |
| Non-GAAP selling, general and administrative expenses as a percentage of net sales | 9.5 | | % | | 9.5 | | % | | 9.5 | | % | | 9.5 | | % |
