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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Income Statement    
Net sales $ 533,952 $ 528,876
Cost of sales (1) [1] 224,935 222,357
Gross profit 309,017 306,519
Operating expenses:    
Research and development (1) [1] 84,680 84,370
Selling, general and administrative (1) [1] 66,849 69,255
Amortization of acquired intangible assets 34,612 36,644
Special charges, net 1,557 304
Total operating expenses 187,698 190,573
Operating income 121,319 115,946
Losses on equity method investments (177) (32)
Other income (expense):    
Interest income 5,528 4,742
Interest expense (24,052) (13,678)
Other income, net 16,947 13
Income before income taxes 119,565 106,991
Income tax (benefit) provision (10,895) 17,082
Net income 130,460 89,909
Less: Net loss attributable to noncontrolling interests 207 0
Net income attributable to Microchip Technology $ 130,667 $ 89,909
Basic net income per common share attributable to Microchip Technology stockholders $ 0.65 $ 0.45
Diluted net income per common share attributable to Microchip Technology stockholders 0.60 0.40
Dividends declared per common share $ 0.3575 $ 0.3555
Basic common shares outstanding 202,232 200,187
Diluted common shares outstanding 216,767 224,527
Allocated Share-based Compensation Expense $ 14,112 $ 13,321
Cost of Sales [Member]    
Other income (expense):    
Allocated Share-based Compensation Expense [2] 1,657 2,055
Research and Development Expense [Member]    
Other income (expense):    
Allocated Share-based Compensation Expense 7,098 6,309
Selling, General and Administrative Expenses [Member]    
Other income (expense):    
Allocated Share-based Compensation Expense $ 5,357 $ 4,957
[1] Includes share-based compensation expense as follows:Cost of sales 1,657 2,055 Research and development 7,098 6,309 Selling, general and administrative 5,357 4,957
[2] During the three months ended June 30, 2015, $1.8 million of share-based compensation expense was capitalized to inventory and $1.7 million of previously capitalized share-based compensation expense in inventory was sold. During the three months ended June 30, 2014, $1.7 million of share-based compensation expense was capitalized to inventory and $2.1 million of previously capitalized share-based compensation expense in inventory was sold.