Special (Income) Charges (Notes)

9 Months Ended

Dec. 31, 2015

Other Nonrecurring (Income) Expense [Abstract]

Special charges

Special (Income) Charges

Special income, net in the three months ended December 31, 2015 was $5.0 million comprised of special charges of $2.2 million related to severance, office closing and other costs associated with the Company's acquisition activity and legal settlement costs of approximately $4.3 million offset by special income of $11.5 million related to an insurance settlement for reimbursement of funds Microchip previously paid to settle a lawsuit in the second quarter of fiscal 2013. Special charges, net in the nine months ended December 31, 2015 was $3.2 million comprised of $10.4 million related to severance, office closing and other costs associated with the Company's acquisition activity and legal settlement costs of approximately $4.3 million partially offset by special income of $11.5 million related to the insurance settlement. During the three and nine months ended December 31, 2014, the Company incurred special charges of $1.0 million and $2.1 million, respectively, related to severance, office closing and other costs associated with its acquisition activity.