Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024
RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET
| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | | 2023 | | | | 2022 | | | | 2023 | | | | 2022 | |
| Other expense, net, as reported | $ | (51.4 | ) | | $ | (56.0 | ) | | $ | (106.2 | ) | | $ | (110.7 | ) |
| Loss on settlement of debt | | 3.1 | | | | 2.1 | | | | 12.2 | | | | 8.3 | |
| Non-cash other expense, net | | — | | | | — | | | | — | | | | 0.1 | |
| Non-GAAP other expense, net | $ | (48.3 | ) | | $ | (53.9 | ) | | $ | (94.0 | ) | | $ | (102.3 | ) |
| GAAP other expense, net, as a percentage of net sales | | (2.3 | )% | | | (2.7 | )% | | | (2.3 | )% | | | (2.7 | )% |
| Non-GAAP other expense, net, as a percentage of net sales | | (2.1 | )% | | | (2.6 | )% | | | (2.1 | )% | | | (2.5 | )% |
| | | | | | | | |
