In the December quarter, the non-GAAP tax rate was 12.7%, and the GAAP tax rate was 7.4% as a result of the nonrecurring tax events discussed earlier. Our tax rate is impacted by the mix of geographical profits, withholding taxes associated with our licensing businesses, gains or losses on trading securities and the percentage of our cash that is invested in tax-advantaged securities. We expect our combined forward-looking effective tax rate on both the GAAP and non-GAAP basis to be about 12.5% to 13%.To summarize the after-tax impact that the non-GAAP adjustments had on Microchip's earnings per share in the December quarter, share-based compensation was about $0.043, acquisition-related items were about $0.011, noncash interest expense was about $0.006 and the favorable tax event was about $0.02. The dividend declared today of $0.349 per share will be paid on March 6, 2012, to shareholders of record on February 21, 2012. The cash payment associated with this dividend will be approximately $67.1 million.
Microchip Technology's CEO Discusses Q3 2012 Results - Earnings Call Transcript
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