9. Share Repurchases

In February 2018, the Company’s Board of Directors authorized the repurchase of up to $20.0 million in Control4 common stock from time to time on the open market until June 2019. During the three months ended March 31,  2018, the Company repurchased 300,000 shares for $7.4 million compared to 119,007 shares for $1.8 million in the same period in 2017. As of March 31,  2018, the Company has $12.6 million remaining under this share repurchase program.