Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 67

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 67
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As”) and rent abatement periods, which effectively reduce total lease payments owed for the leases. The following table sets forth the components of lease expense for the three months ended March 31, 2025 and 2024 (in thousands, exclusive of sublease income):Three Months Ended March 31,20252024Operating lease cost$2,393 $2,411 Short-term lease cost250 332 Variable lease cost1,372 1,313 Total$4,015 $4,056 Sublease income totaled $0.3 million for each of the three months ended March 31, 2025 and 2024. 

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Supplemental Lease InformationSupplemental balance sheet information related to operating leases as of March 31, 2025 and December 31, 2024 is presented in the following table (in thousands, except for lease term and discount rate):As ofMarch 31, 2025December 31, 2024Right-of-use assets for operating leases$31,645$31,081Operating lease liabilities, current$12,798$12,378Operating lease liabilities, net of current portion51,51852,189Total operating lease liabilities$64,316$64,567Weighted average remaining lease term (in years)6.26.5Weighted average discount rate9.4 %9.4 %Supplemental cash flow and expense information related to operating leases for the three months ended March 31, 2025 and 2024 is shown below (in thousands):Three Months Ended March 31,20252024Operating cash outflows for operating leases$3,193 $2,643 Amortization of operating lease right-of-use assets910 783 Interest expense on operating lease liabilities1,483 1,629 There were no TIA reimbursements for the three months ended March 31, 2025 or 2024.A summary of our future minimum lease commitments under non-cancellable leases as of March 31, 2025 is shown below (in thousands): Operating Leases2025 (excluding the three months ended March 31, 2025)$9,998 202613,704 202713,904 202812,831 202912,377 Thereafter22,905 Total lease payments85,719 Less: imputed interest(21,403)Total$64,316 

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5. Goodwill and