Subsequent Event (Notes)

3 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

Subsequent Event

Subsequent Event

On August 3, 2015, the Company completed its acquisition of Micrel Incorporated (Micrel).  Under the terms of the merger agreement executed on May 7, 2015, Micrel shareholders were able to elect to receive the $14.00 per share purchase price in either cash or shares of Microchip common stock.  Based on the results of the shareholder elections, the Company paid an aggregate of approximately $430 million in cash and issued an aggregate of 8,626,795 shares of its common stock to Micrel shareholders.  The number of shares of the Company's common stock that a Micrel shareholder will receive is based on a conversion ratio of $14.00 divided by the average of the Company's closing stock price for the ten most recent trading days ending on the second to last trading day prior to August 3, 2015, which is $42.888 per share.