Business Acquisitions (Tables)

9 Months Ended

Dec. 31, 2014

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below represents the preliminary allocation of the purchase price, including adjustments to the purchase price allocation from the originally reported figures at September 30, 2014, to the net assets acquired based on their estimated fair values as of July 17, 2014, as well as the associated estimated useful lives of the acquired intangible assets at that date (amounts in thousands):



Assets acquired	Previously Reported September 30, 2014			Adjustments			December 31, 2014
Cash and cash equivalents	$	15,120		$	—		$	15,120
Short-term investments	27,063			—			27,063
Accounts receivable, net	8,792			—			8,792
Inventories	19,160			(2,618		)	16,542
Prepaid expenses and other current assets	2,501			—			2,501
Property, plant and equipment, net	2,637			—			2,637
Goodwill	152,243			2,156			154,399
Purchased intangible assets	147,800			—			147,800
Other assets	1,370			—			1,370
Total assets acquired	376,686			(462		)	376,224

Liabilities assumed
Accounts payable	(9,860		)	—			(9,860		)
Other current liabilities	(16,997		)	462			(16,535		)
Long-term income tax payable	(4,402		)	—			(4,402		)
Deferred tax liability	(25,126		)	—			(25,126		)
Other long-term liabilities	(245		)	—			(245		)
Total liabilities assumed	(56,630		)	462			(56,168		)
Net assets acquired including noncontrolling interest	320,056			—			320,056
Less: noncontrolling interest	(52,467		)	—			(52,467		)
Net assets acquired	$	267,589		$	—		$	267,589

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination



Purchased Intangible Assets	Useful Life	April 1, 2014
	(in years)	(in thousands)
Core/developed technology	10	$	68,900
In-process technology	10	27,200
Customer-related	3	51,100
Backlog	1	600
		$	147,800

Business Acquisition, Pro Forma Information

The following unaudited pro-forma consolidated results of operations for the three and nine months ended December 31, 2014 and 2013 assume the ISSC acquisition occurred as of April 1, 2013. The pro-forma results of operations are presented for informational purposes only and are not indicative of the results of operations that would have been achieved if the acquisition had taken place on April 1, 2013 or of results that may occur in the future (amounts in thousands):



	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2014		2013		2014		2013
Net sales	$	528,710	$	497,585	$	1,626,183	$	1,490,776
Net income attributable to Microchip Technology	86,683		97,470		265,412		260,386
Net income attributable to Microchip Technology common stockholders per share - basic	$	0.43	$	0.49	$	1.32	$	1.32
Net income attributable to Microchip Technology common stockholders per share - diluted	$	0.39	$	0.44	$	1.18	$	1.21

Supertex Inc. [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below represents the preliminary allocation of the purchase price, including adjustments to the purchase price allocation from the originally reported figures at June 30, 2014, to the net assets acquired based on their estimated fair values as of April 1, 2014 (amounts in thousands):



Assets acquired	Previously Reported June 30, 2014			Adjustments			December 31, 2014
Cash and cash equivalents	$	14,790		$	—		$	14,790
Short-term investments	140,984			—			140,984
Accounts receivable, net	7,047			—			7,047
Inventories	27,630			—			27,630
Prepaid expenses	1,493			—			1,493
Deferred tax assets	3,997			—			3,997
Other current assets	16,113			—			16,113
Property, plant and equipment, net	15,679			—			15,679
Goodwill	133,713			3,465			137,178
Purchased intangible assets	89,600			—			89,600
Other assets	325			—			325
Total assets acquired	451,371			3,465			454,836

Liabilities assumed
Accounts payable	(8,481		)	—			(8,481		)
Accrued liabilities	(19,345		)	(25		)	(19,370		)
Long-term income tax payable	(3,796		)	—			(3,796		)
Deferred tax liability	(27,972		)	(3,440		)	(31,412		)
Total liabilities assumed	(59,594		)	(3,465		)	(63,059		)
Net assets acquired	$	391,777		$	—		$	391,777

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination



Purchased Intangible Assets	Useful Life	April 1, 2014
	(in years)	(in thousands)
Core/developed technology	10	$	68,900
In-process technology	10	1,900
Customer-related	2	17,700
Backlog	1	1,100
		$	89,600

Business Acquisition, Pro Forma Information

The following unaudited pro-forma consolidated results of operations for the three and nine months ended December 31, 2014 and 2013 assume the Supertex acquisition occurred as of April 1, 2013. The pro-forma results of operations are presented for informational purposes only and are not indicative of the results of operations that would have been achieved if the acquisition had taken place on April 1, 2013 or of results that may occur in the future (amounts in thousands):



	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2014		2013		2014		2013
Net sales	$	528,710	$	499,722	$	1,606,298	$	1,486,661
Net income	87,392		99,741		291,288		251,976
Basic earnings per share	$	0.43	$	0.50	$	1.45	$	1.27
Diluted earnings per share	$	0.39	$	0.46	$	1.30	$	1.17