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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net sales $ 105,413,000 $ 75,673,000
Cost of goods sold 71,124,000 54,047,000
Gross profit 34,289,000 21,626,000
Operating expenses:    
Selling expense 9,337,000 6,400,000
General and administrative expense (including $0.6 million associated with variable interest entity for both the three months ended March 31, 2022 and 2021) 15,461,000 11,455,000
Total operating expenses 24,798,000 17,855,000
Operating income 9,491,000 3,771,000
Other income (expense)    
Rental income (including $0.2 million associated with variable interest entity for both the three months ended March 31, 2022 and 2021) 238,000 246,000
Other (expense) income (82,000) 106,000
Gain (loss) on foreign currency transactions 133,000 (165,000)
Interest income, net (including $0.9 million and $0.8 million associated with variable interest entity for the three months ended March 31, 2022 and 2021, respectively) 840,000 278,000
Total other income 1,129,000 465,000
Income before provision for income taxes 10,620,000 4,236,000
Provision for income taxes 2,677,000 1,186,000
Net income 7,943,000 3,050,000
Net income attributable to noncontrolling interest 1,276,000 1,270,000
Net income attributable to Karat Packaging Inc. $ 6,667,000 $ 1,780,000
Basic and diluted earnings per share:    
Basic (in dollars per share) $ 0.34 $ 0.12
Diluted (in dollars per share) $ 0.34 $ 0.12
Weighted average common shares outstanding, basic (in shares) 19,807,584 15,167,000
Weighted average common shares outstanding, diluted (in shares) 19,901,384 15,403,000