; ForgeRock, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Lease Expense and Supplemental Information
The following table summarizes the components of lease expense, which are included in operating expenses in the Company’s statements of operations and comprehensive loss (in thousands):
Year ended December 31,
2022 2021
Operating lease expense $ 2,671  $ 2,375 
Variable lease expense 662  703 
Total lease expense $ 3,333  $ 3,078 
The following table summarizes supplemental information related to leases:
Year ended
December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases (in thousands) $ 1,625
Weighted-average remaining lease term (years)
Operating leases 6.3
Weighted-average discount rate
Operating leases 5.6  %
Summary of Lease Liability Maturities
The following table summarizes the maturities of lease liabilities as of December 31, 2022 (in thousands):
2023 $ 2,499 
2024 2,138 
2025 1,912 
2026 1,753 
Thereafter 4,824 
Total future minimum lease payments 13,126 
Less: imputed interest (2,017)
Present value of future minimum lease payments 11,109 
Less: current portion of operating lease liability (1,902)
Long-term operating lease liability $ 9,207