Subsequent Events (Notes)

9 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Events

Signing of Definitive Agreement to Acquire Atmel Corporation

On January 19, 2016, the Company announced that it had signed a definitive agreement to acquire Atmel Corporation (Atmel) for $8.15 per share consisting of $7.00 per share in cash and $1.15 per share in shares of Microchip common stock. The acquisition price represents a total equity value of approximately $3.56 billion, and a total enterprise value of approximately $3.40 billion, after excluding Atmel's cash and investments on its balance sheet of approximately $155.0 million at December 31, 2015. The acquisition has been approved by the Boards of Directors of both companies and is expected to close in the second quarter of calendar year 2016, subject to approval by Atmel's stockholders, regulatory approvals and other customary closing conditions.

Authorization of Increase to Share Repurchase Program

On January 18, 2016, the Company's Board of Directors authorized an increase to the existing share repurchase program to 15.0 million shares of common stock from the approximately 11.4 million shares remaining under the prior authorization.