Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2022
RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
| | Three Months Ended March 31, | | Twelve Months Ended March 31, |
| | | 2022 | | | | 2021 | | | | 2022 | | | | 2021 | |
| Selling, general and administrative expenses, as reported | $ | 187.2 | | | $ | 165.1 | | | $ | 718.9 | | | $ | 610.3 | |
| Share-based compensation expense | | (17.2 | ) | | | (20.4 | ) | | | (78.0 | ) | | | (74.9 | ) |
| Acquisition-related | | (0.8 | ) | | | (2.2 | ) | | | (4.1 | ) | | | (3.7 | ) |
| Professional services associated with certain legal matters | | (2.8 | ) | | | (0.4 | ) | | | (8.4 | ) | | | (9.5 | ) |
| IT security remediation | | — | | | | (0.1 | ) | | | (0.2 | ) | | | (1.5 | ) |
| Non-GAAP selling, general and administrative expenses | $ | 166.4 | | | $ | 142.0 | | | $ | 628.2 | | | $ | 520.7 | |
| Non-GAAP selling, general and administrative expenses as a percentage of net sales | | 9.0 | % | | | 9.7 | % | | | 9.2 | % | | | 9.6 | % |
