Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2023
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RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET |
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| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | | 2022 | | | | 2021 | | | | 2022 | | | | 2021 | |
| Other expense, net, as reported | $ | (56.0 | ) | | $ | (151.5 | ) | | $ | (110.7 | ) | | $ | (223.3 | ) |
| Loss on settlement of debt | | 2.1 | | | | 85.2 | | | | 8.3 | | | | 85.5 | |
| Non-cash other expense, net | | — | | | | 10.1 | | | | 0.1 | | | | 21.0 | |
| Non-GAAP other expense, net | $ | (53.9 | ) | | $ | (56.2 | ) | | $ | (102.3 | ) | | $ | (116.8 | ) |
| Non-GAAP other expense, net, as a percentage of net sales | (2.6 | )% | | (3.4 | )% | | (2.5 | )% | | (3.6 | )% |
