XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net sales $ 871,364 $ 541,391 $ 1,670,775 $ 1,075,343
Cost of sales (1) [1] 460,743 240,441 911,664 465,376
Gross profit 410,621 300,950 759,111 609,967
Research and development (1) [1] 137,795 95,256 285,678 179,936
Selling, general and administrative (1) [1] 120,129 80,258 277,634 147,107
Amortization of acquired intangible assets 80,394 43,840 160,565 78,452
Special charges, net 9,543 6,648 31,578 8,205
Operating expenses 347,861 226,002 755,455 413,700
Operating income 62,760 74,948 3,656 196,267
Losses on equity method investments (56) (56) (112) (233)
Other income (expense):        
Interest income 445 6,405 1,264 11,933
Interest expense (35,126) (25,644) (69,542) (49,696)
Other (loss) income, net (2,789) (1,696) (779) 15,251
Income (loss) before income taxes 25,234 53,957 (65,513) 173,522
Income tax (benefit) provision (10,340) (10,942) 8,138 (21,837)
Net income (loss) from continuing operations 35,574 64,899 (73,651) 195,359
Loss from discontinued operations (1,850) 0 (7,323) 0
Income tax benefit (195) 0 (1,530) 0
Net loss from discontinued operations (1,655) 0 (5,793) 0
Net income (loss) 33,919 64,899 (79,444) 195,359
Less: Net loss attributable to noncontrolling interests 0 0 0 207
Net income (loss) attributable to Microchip Technology $ 33,919 $ 64,899 $ (79,444) $ 195,566
Basic net income (loss) from continuing operations, per common share (in USD per share) $ 0.17 $ 0.32 $ (0.34) $ 0.96
Basic net loss from discontinued operations, per common share (in USD per share) (0.01) 0.00 (0.03) 0.00
Basic net income (loss) attributable to Microchip Technology, per common share (in USD per share) 0.16 0.32 (0.37) 0.96
Diluted net income (loss) from continuing operations, per common share (in USD per share) 0.15 0.30 (0.34) 0.90
Diluted net loss from discontinued operations, per common share (in USD per share) (0.01) 0.00 (0.03) 0.00
Diluted net income (loss) attributable to Microchip Technology, per common share (in USD per share) 0.14 0.30 (0.37) 0.90
Dividends declared per common share (in USD per share) $ 0.3600 $ 0.3580 $ 0.7195 $ 0.7155
Basic common shares outstanding 215,524 204,275 214,935 203,254
Diluted common shares outstanding 233,960 217,099 214,935 216,933
[1] Includes share-based compensation expense as follows:Cost of sales 4,100 2,398 11,997 4,055 Research and development 10,171 8,670 27,688 15,768 Selling, general and administrative 10,119 11,958 44,284 17,315