Quarterly report pursuant to Section 13 or 15(d)

SHORT TERM INVESTMENTS, PREPAID EXPENSES AND OTHER CURRENT ASSETS

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SHORT TERM INVESTMENTS, PREPAID EXPENSES AND OTHER CURRENT ASSETS
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
SHORT TERM INVESTMENTS, PREPAID EXPENSES AND OTHER CURRENT ASSETS SHORT TERM INVESTMENTS, PREPAID EXPENSES AND OTHER CURRENT ASSETS
Short Term Investments

The Company's short term investments are classified as below with maturities of twelve months or less, unrealized gains and losses were immaterial for the periods presented:
Security Type Fair Value
September 30, 2019 December 31,
2018
(in thousands)
Government $ 1,002    $ —   
Asset Backed 3,354    1,786   
Industrial 5,484    2,381   
Financial 7,321    7,136   
$ 17,161    $ 11,303   

Prepaid Expenses and Other Current Assets

The components of prepaid expenses and other current assets are as presented below:
September 30,
2019
December 31,
2018
(in thousands)  
Prepaid income tax $ 1,425    $ 5,429   
Other prepaid expenses and other current assets 509    1,151   
  $ 1,934    $ 6,580   

In June 2019, a tax refund of $4.0 million for the prepayment made during 2018 was received from the Internal Revenue Service.