XML 45 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
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 $ 24,054,000 $ 15,741,000 $ 15,000 $ 0 $ 13,981,000 $ 1,745,000 $ 8,313,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock purchases (in shares)       (23,000)      
Treasury stock purchases (248,000) (248,000)   $ (248,000)      
Dividends paid to stockholders (606,000) (606,000)       (606,000)  
Net income (loss) $ 16,668,000 17,517,000       17,517,000 (849,000)
Balance at the end of period (in shares) at Dec. 31, 2020 15,167,000   15,190,000 23,000      
Balance at the end of period at Dec. 31, 2020 $ 39,868,000 32,404,000 $ 15,000 $ (248,000) 13,981,000 18,656,000 7,464,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends paid to stockholders 0            
Issuance of common stock in connection with our initial public offering, net of issuance costs (in shares)     4,542,500        
Issuance of common stock in connection with our initial public offering, net of issuance costs 67,592,000 67,592,000 $ 5,000   67,587,000    
Issuance of common stock upon vesting of restricted stock units (in shares)     84,917        
Stock-based compensation $ 2,026,000 2,026,000     2,026,000    
Exercise of stock options (in shares) 10,000   10,000        
Exercise of stock options $ 100,000 100,000     100,000    
Net income (loss) $ 22,439,000 20,778,000       20,778,000 1,661,000
Balance at the end of period (in shares) at Dec. 31, 2021 19,804,417   19,827,417 (23,000)      
Balance at the end of period at Dec. 31, 2021 $ 132,025,000 $ 122,900,000 $ 20,000 $ (248,000) $ 83,694,000 $ 39,434,000 $ 9,125,000