Share Repurchases

9 Months Ended

Sep. 30, 2018

Share Repurchases

Share Repurchases

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. During the nine months ended September 30, 2018, the Company repurchased 600,000 shares for $16.0 million compared to 119,007 shares for $1.8 million in the same period in 2017.

In October 2018, the Company’s Board of Directors authorized the expansion of the repurchase program providing approval for the Company to repurchase an additional $20 million in Control4 common stock from time to time on the open market until December 31, 2019. As a result, the Company has $24.0 million remaining under the share repurchase program.