Microchip Technology Announces Record Financial Results For Third Quarter of Fiscal Year 2023


RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

 Three Months Ended December 31, Nine Months Ended December 31,
  2022   2021   2022   2021 
Selling, general and administrative expenses, as reported$202.9  $177.5  $594.2  $531.7 
Share-based compensation expense (15.9)  (19.1)  (44.3)  (60.8)
Acquisition-related (0.1)  (1.0)  (1.4)  (3.3)
Professional services associated with certain legal matters    (1.8)  (3.2)  (5.6)
IT security remediation         (0.2 )           (0.2 )
Non-GAAP selling, general and administrative expenses $ 186.9     $ 155.4     $ 545.3     $ 461.8  
GAAP selling, general and administrative expenses as a percentage of net sales   9.4 %     10.1 %     9.6 %     10.7 %
Non-GAAP selling, general and administrative expenses as a percentage of net sales   8.6 %     8.8 %     8.8 %     9.3 %

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