Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025
|
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, |
| | 2024
| | 2023
| | 2024
| | 2023
|
| Selling, general and administrative expenses, as reported | $ | 157.0 | | | $ | 196.6 | | | $ | 307.5 | | | $ | 400.2 | |
| Share-based compensation expense | | (15.1 | ) | | | (14.3 | ) | | | (29.2 | ) | | | (29.1 | ) |
| Cybersecurity incident expenses | | (1.3 | ) | | | — | | | | (1.3 | ) | | | — | |
| Other adjustments | | (2.1 | ) | | | (0.6 | ) | | | (3.4 | ) | | | 0.5 | |
| Professional services associated with certain legal matters | | (0.2 | ) | | | (0.3 | ) | | | (0.7 | ) | | | (0.8 | ) |
| Non-GAAP selling, general and administrative expenses | $ | 138.3 | | | $ | 181.4 | | | $ | 272.9 | | | $ | 370.8 | |
| GAAP selling, general and administrative expenses as a percentage of net sales | | 13.5 | % | | | 8.7 | % | | | 12.8 | % | | | 8.8 | % |
| Non-GAAP selling, general and administrative expenses as a percentage of net sales | | 11.9 | % | | | 8.0 | % | | | 11.3 | % | | | 8.2 | % |
| | | | | | | | | | | | | | | | |
