9. Share Repurchases

In May 2015, our Board of Directors authorized the repurchase of up to $20 million in Control4 common stock from time to time on the open market. In February 2016, our Board of Directors authorized an extension to this repurchase program from its original end-date of May 13, 2016 to June 30, 2017, unless terminated earlier. During the year ended December 31, 2015, the Company repurchased 1,154,480 shares of common stock for $9.0 million. As of December 31, 2015, we have $11.0 million remaining to repurchase shares of common stock under this share repurchase program.