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Net income per common share attributable to Microchip Technology Stockholders (Tables)
 12 Months Ended
Mar. 31, 2018
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 millions, except per share amounts):
 
Year Ended March 31,
 
2018
 
2017
 
2016
Net income from continuing operations attributable to Microchip Technology Stockholders
$
255.4

 
$
170.6

 
$
324.1

Weighted average common shares outstanding
232.9

 
217.2

 
203.4

Dilutive effect of stock options and RSUs
4.4

 
4.4

 
3.3

Dilutive effect of 2007 Junior Debt
1.3

 
12.7

 
10.7

Dilutive effect of 2015 Senior Debt
10.3

 
0.5

 
—

Dilutive effect of 2017 Senior Debt
—

 
—

 
—

Dilutive effect of 2017 Junior Debt
—

 
—

 
—

Weighted average common and potential common shares outstanding
248.9

 
234.8

 
217.4

Basic net income per common share from continuing operations attributable to Microchip stockholders
$
1.10

 
$
0.79

 
$
1.59

Diluted net income per common share from continuing operations
attributable to Microchip stockholders
$
1.03

 
$
0.73

 
$
1.49
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 Incremental Share Factors and Maximum Conversion Rates as adjusted for dividends paid since the applicable issuance date:

 
Dividend adjusted rates as of March 31, 2018
 
Conversion Rate, adjusted
 
Approximate Conversion Price, adjusted
 
Incremental Share Factor, adjusted
 
Maximum Conversion Rate, adjusted
2017 Senior Debt
10.1162

 
$
98.85

 
5.0581

 
14.4156

2015 Senior Debt
15.7755

 
$
63.39

 
7.8878

 
22.0857

2017 Junior Debt
10.2969

 
$
97.12

 
5.1485

 
14.4156

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):

 
Year Ended March 31,
 
2018
 
2017
 
2016
2007 Junior Debt (1)
$
23.59

 
$
24.01

 
$
24.73

2015 Senior Debt
$
63.94

 
$
65.21

 
$
67.19

2017 Senior Debt
$
99.71

 
$
100.58

 
$
—

2017 Junior Debt
$
97.96

 
$
98.81

 
$
—


(1) No longer outstanding as of December 31, 2018.