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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity attributable to Karat Packaging Inc.
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings
Noncontrolling Interest
Balance at the beginning of period (in shares) at Dec. 31, 2019     15,190,000 0      
Balance at the beginning of period at Dec. 31, 2019 $ 24,054 $ 15,741 $ 15 $ 0 $ 13,981 $ 1,745 $ 8,313
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 567 2,451       2,451 (1,884)
Balance at the end of period (in shares) at Mar. 31, 2020     15,190,000 0      
Balance at the end of period at Mar. 31, 2020 24,621 18,192 $ 15 $ 0 13,981 4,196 6,429
Balance at the beginning of period (in shares) at Dec. 31, 2019     15,190,000 0      
Balance at the beginning of period at Dec. 31, 2019 24,054 15,741 $ 15 $ 0 13,981 1,745 8,313
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 15,074            
Balance at the end of period (in shares) at Sep. 30, 2020     15,190,000 23,000      
Balance at the end of period at Sep. 30, 2020 38,273 31,481 $ 15 $ (248) 13,981 17,733 6,792
Balance at the beginning of period (in shares) at Mar. 31, 2020     15,190,000 0      
Balance at the beginning of period at Mar. 31, 2020 24,621 18,192 $ 15 $ 0 13,981 4,196 6,429
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock acquired (in shares)       (10,000)      
Treasury stock acquired (107) (107)   $ (107)      
Cash dividends (607) (607)       (607)  
Net income (loss) 9,941 10,072       10,072 (131)
Balance at the end of period (in shares) at Jun. 30, 2020     15,190,000 10,000      
Balance at the end of period at Jun. 30, 2020 33,848 27,550 $ 15 $ (107) 13,981 13,661 6,298
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock acquired (in shares)       (13,000)      
Treasury stock acquired (141) (141)   $ (141)      
Cash dividends 0            
Net income (loss) 4,566 4,072       4,072 494
Balance at the end of period (in shares) at Sep. 30, 2020     15,190,000 23,000      
Balance at the end of period at Sep. 30, 2020 $ 38,273 31,481 $ 15 $ (248) 13,981 17,733 6,792
Balance at the beginning of period (in shares) at Dec. 31, 2020 15,167,000   15,190,000 23,000      
Balance at the beginning of period at Dec. 31, 2020 $ 39,868 32,404 $ 15 $ (248) 13,981 18,656 7,464
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 3,050 1,780       1,780 1,270
Balance at the end of period (in shares) at Mar. 31, 2021     15,190,000 23,000      
Balance at the end of period at Mar. 31, 2021 $ 42,918 34,184 $ 15 $ (248) 13,981 20,436 8,734
Balance at the beginning of period (in shares) at Dec. 31, 2020 15,167,000   15,190,000 23,000      
Balance at the beginning of period at Dec. 31, 2020 $ 39,868 32,404 $ 15 $ (248) 13,981 18,656 7,464
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) $ 16,461            
Balance at the end of period (in shares) at Sep. 30, 2021 19,714,500   19,737,500 23,000      
Balance at the end of period at Sep. 30, 2021 $ 125,009 116,233 $ 20 $ (248) 82,656 33,805 8,776
Balance at the beginning of period (in shares) at Mar. 31, 2021     15,190,000 23,000      
Balance at the beginning of period at Mar. 31, 2021 42,918 34,184 $ 15 $ (248) 13,981 20,436 8,734
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock in connection with our initial public offering, net of issuance costs of $5,088 (in shares)     4,542,500        
Issuance of common stock in connection with our initial public offering, net of issuance costs of $5,088 67,592 67,592 $ 5   67,587    
Stock-based compensation 240 240     240    
Net income (loss) 9,338 9,583       9,583 (245)
Balance at the end of period (in shares) at Jun. 30, 2021     19,732,500 23,000      
Balance at the end of period at Jun. 30, 2021 120,088 111,599 $ 20 $ (248) 81,808 30,019 8,489
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation 848 848     848    
Issuance of common stock upon vesting of restricted stock units (in shares)     5,000        
Net income (loss) $ 4,073 3,786       3,786 287
Balance at the end of period (in shares) at Sep. 30, 2021 19,714,500   19,737,500 23,000      
Balance at the end of period at Sep. 30, 2021 $ 125,009 $ 116,233 $ 20 $ (248) $ 82,656 $ 33,805 $ 8,776