Share-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The following table presents the details of the Company's share-based compensation expense (amounts in thousands):



	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2016		2015		2016		2015
Cost of sales ⁽¹⁾	$	3,468	$	2,270	$	15,465	$	6,325
Research and development	9,881		7,855		37,569		23,623
Selling, general and administrative	8,771		6,840		53,055		24,155
Pre-tax effect of share-based compensation	22,120		16,965		106,089		54,103
Income tax benefit ⁽²⁾	7,376		5,460		36,622		17,566
Net income effect of share-based compensation	$	14,744	$	11,505	$	69,467	$	36,537

⁽¹⁾ During the three and nine months ended December 31, 2016, $2.8 million and $8.3 million, respectively, of share-based compensation expense was capitalized to inventory. The amount of share-based compensation included in cost of sales during the three months ended December 31, 2016 included $3.5 million of previously capitalized share-based compensation expense in inventory that was sold. The amount of share-based compensation included in cost of sales during the nine months ended December 31, 2016 included $11.3 million of previously capitalized share-based compensation expense in inventory that was sold and $4.2 million of share-based compensation expense related to the Company's acquisition of Atmel that was not previously capitalized to inventory. During the three and nine months ended December 31, 2015, $2.0 million and $5.6 million, respectively, of share-based compensation expense was capitalized to inventory and $2.3 million and $6.3 million, respectively, of previously capitalized share-based compensation expense in inventory was sold.

⁽²⁾ Amounts exclude excess tax benefits related to share-based compensation of $6.1 million and $18.6 million, respectively, for the three and nine months ended December 31, 2016. The Company elected to early adopt ASU 2016-09 in the three months ended June 30, 2016. Prior to the adoption of ASU 2016-09, the Company recognized excess tax benefits related to share-based compensation in additional paid-in capital. Refer to Note 2 for additional information on the adoption of this standard.