XML 63 R49.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net income per common share attributable to Microchip Technology Stockholders (Tables)
 12 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted net income per common share from continuing operations attributable to Microchip stockholders (in thousands, except per share amounts):
 
Year Ended March 31,
 
2017
 
2016
 
2015
Net income from continuing operations attributable to Microchip
$
170,592

 
$
324,132

 
$
369,009

Weighted average common shares outstanding
217,196

 
203,384

 
200,937

Dilutive effect of stock options and RSUs
4,357

 
3,350

 
3,642

Dilutive effect of 2007 Junior Debt
12,715

 
10,654

 
18,982

Dilutive effect of 2015 Senior Debt
538

 
—

 
—

Dilutive effect of 2017 Senior Debt
—

 
—

 
—

Dilutive effect of 2017 Junior Debt
—

 
—

 
—

Weighted average common and potential common shares outstanding
234,806

 
217,388

 
223,561

Basic net income per common share from continuing operations attributable to Microchip stockholders
$
0.79

 
$
1.59

 
$
1.84

Diluted net income per common share from continuing operations
attributable to Microchip stockholders
$
0.73

 
$
1.49

 
$
1.65
Convertible Debt
The following table sets forth the applicable Conversion Rates adjusted for dividends declared since issuance of such series of Convertible Debt and the applicable Maximum Incremental Share Rate (with the exception of the 2007 Junior Debt) and applicable Conversion Rates as adjusted for dividends paid since the applicable issuance date:

 
Dividend adjusted rates as of March 31, 2017
 
Conversion Rate, adjusted
 
Conversion Price, adjusted
 
Maximum Incremental Rate, adjusted
 
Maximum Conversion Rate, adjusted
2017 Senior Debt
9.9435

 
$
100.57

 
4.9718

 
14.1695

2015 Senior Debt
15.5063

 
$
64.49

 
7.7531

 
21.7087

2017 Junior Debt
10.1211

 
$
98.80

 
5.0606

 
14.1695

2007 Junior Debt
42.1312

 
$
23.74

 
NA

 
48.4509

The following is the weighted average conversion price per share used in calculating the dilutive effect (See Note 11 for details on the convertible debt):

 
March 31,
 
2017
 
2016
 
2015
2007 Junior Debt
$
24.01

 
$
24.73

 
$
25.48

2015 Senior Debt
$
65.21

 
$
67.19

 
$
68.25

2017 Senior Debt
$
100.58

 
$
—

 
$
—

2017 Junior Debt
$
98.81

 
$
—

 
$
—