| Schedule of Quarterly Financial Data |
The following table presents the Company's selected unaudited quarterly operating results for the eight quarters ended March 31, 2017. The Company believes that all adjustments of a normal recurring nature have been made to present fairly the related quarterly results (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | Fiscal 2017 | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | Total | Net sales | | $ | 799,411 |
| | $ | 871,364 |
| | $ | 834,366 |
| | $ | 902,666 |
| | $ | 3,407,807 |
| Gross profit | | 348,490 |
| | 410,621 |
| | 465,259 |
| | 532,826 |
| | 1,757,196 |
| Operating income | | (59,104 | ) | | 62,760 |
| | 118,074 |
| | 154,087 |
| | 275,817 |
| Net income | | (113,363 | ) | | 33,919 |
| | 107,175 |
| | 136,908 |
| | 164,639 |
| Diluted net income per common share attributable to Microchip stockholders | | (0.53 | ) | | 0.14 |
| | 0.46 |
| | 0.57 |
| | 0.71 |
| | | | | | | | | | | | Fiscal 2016 | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | Total | Net sales | | $ | 533,952 |
| | $ | 541,391 |
| | $ | 540,344 |
| | $ | 557,647 |
| | $ | 2,173,334 |
| Gross profit | | 309,017 |
| | 300,950 |
| | 292,718 |
| | 302,779 |
| | 1,205,464 |
| Operating income | | 121,319 |
| | 74,948 |
| | 76,132 |
| | 79,946 |
| | 352,345 |
| Net income | | 130,460 |
| | 64,899 |
| | 61,211 |
| | 67,355 |
| | 323,925 |
| Less: Net loss attributable to noncontrolling interests | | 207 |
| | — |
| | — |
| | — |
| | 207 |
| Net income attributable to Microchip Technology | | 130,667 |
| | 64,899 |
| | 61,211 |
| | 67,355 |
| | 324,132 |
| Diluted net income per common share attributable to Microchip stockholders | | 0.60 |
| | 0.30 |
| | 0.28 |
| | 0.31 |
| | 1.49 |
|
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