Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024
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, |
| | | 2023 | | | | 2022 | | | | 2023 | | | | 2022 | |
| Selling, general and administrative expenses, as reported | $ | 196.6 | | | $ | 202.4 | | | $ | 400.2 | | | $ | 391.3 | |
| Share-based compensation expense | | (14.3 | ) | | | (15.0 | ) | | | (29.1 | ) | | | (28.4 | ) |
| Other adjustments | | (0.6 | ) | | | (0.7 | ) | | | 0.5 | | | | (1.3 | ) |
| Professional services associated with certain legal matters | | (0.3 | ) | | | (2.3 | ) | | | (0.8 | ) | | | (3.2 | ) |
| Non-GAAP selling, general and administrative expenses | $ | 181.4 | | | $ | 184.4 | | | $ | 370.8 | | | $ | 358.4 | |
| GAAP selling, general and administrative expenses as a percentage of net sales | | 8.7 | % | | | 9.8 | % | | | 8.8 | % | | | 9.7 | % |
| Non-GAAP selling, general and administrative expenses as a percentage of net sales | | 8.0 | % | | | 8.9 | % | | | 8.2 | % | | | 8.9 | % |
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