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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Income Statement      
Net sales $ 2,173,334 $ 2,147,036 $ 1,931,217
Cost of sales (1) [1] 967,870 917,472 802,474
Gross profit 1,205,464 1,229,564 1,128,743
Operating expenses:      
Research and development (1) [1] 372,596 349,543 305,043
Selling, general and administrative (1) [1] 301,670 274,815 267,278
Amortization of acquired intangible assets 174,896 176,746 94,534
Special charges, net 3,957 2,840 3,024
Operating expenses 853,119 803,944 669,879
Operating income 352,345 425,620 458,864
Losses on equity method investments (345) (317) (177)
Other income (expense):      
Interest income 24,447 19,527 16,485
Interest expense (104,018) (62,034) (48,716)
Loss on retirement of convertible debentures 0 (50,631) 0
Other income, net 8,864 13,742 5,898
Income before income taxes 281,293 345,907 432,354
Income tax (benefit) provision (42,632) (19,418) 37,073
Net income 323,925 365,325 395,281
Less: Net loss attributable to noncontrolling interests 207 3,684 0
Net income attributable to Microchip Technology $ 324,132 $ 369,009 $ 395,281
Basic net income per common share attributable to Microchip Technology stockholders $ 1.59 $ 1.84 $ 1.99
Diluted net income per common share attributable to Microchip Technology stockholders 1.49 1.65 1.82
Dividends declared per common share $ 1.433 $ 1.425 $ 1.417
Basic common shares outstanding 203,384 200,937 198,291
Diluted common shares outstanding 217,388 223,561 217,630
[1] Includes share-based compensation expense as follows:Cost of sales 8,252 9,010 7,340Research and development 32,022 28,164 24,554Selling, general and administrative 31,146 21,422 21,893