; ForgeRock, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
 9 Months Ended
Sep. 30, 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 condensed statements of operations and comprehensive loss (in thousands):
Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022
Operating lease expense $ 673  $ 2,045 
Variable lease expense 144  483 
Total lease expense $ 817  $ 2,528 
The following table summarizes supplemental information related to leases:
Nine Months Ended September 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (in thousands) $ 1,162
Weighted-average remaining lease term (years)
Operating leases 6.3
Weighted-average discount rate
Operating leases 5.3  %
Summary of Lease Liability Maturities
The following table summarizes the maturities of lease liabilities as of September 30, 2022 (in thousands):
2022 (3 months remaining)
 $ 727 
2023 2,218 
2024 2,100 
2025 1,877 
2026 1,734 
Thereafter 4,779 
Total future minimum lease payments 13,435 
Less: Imputed interest (2,354)
Present value of future minimum lease payments 11,081 
Less: Current portion of operating lease liability (1,562)
Non-current portion of operating lease liability $ 9,519