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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, 2020     15,190,000        
Balance at the beginning of period at Dec. 31, 2020 $ 39,868 $ 32,404 $ 15 $ (248) $ 13,981 $ 18,656 $ 7,464
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2020       23,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 3,050 1,780       1,780 1,270
Balance at the end of period (in shares) at Mar. 31, 2021     15,190,000        
Balance at the end of period at Mar. 31, 2021 42,918 34,184 $ 15 $ (248) 13,981 20,436 8,734
Treasury stock, balance at the end of period (in shares) at Mar. 31, 2021       23,000      
Balance at the beginning of period (in shares) at Dec. 31, 2020     15,190,000        
Balance at the beginning of period at Dec. 31, 2020 39,868 32,404 $ 15 $ (248) 13,981 18,656 7,464
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2020       23,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 12,388            
Balance at the end of period (in shares) at Jun. 30, 2021     19,732,500        
Balance at the end of period at Jun. 30, 2021 120,088 111,599 $ 20 $ (248) 81,808 30,019 8,489
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2021       23,000      
Balance at the beginning of period (in shares) at Mar. 31, 2021     15,190,000        
Balance at the beginning of period at Mar. 31, 2021 42,918 34,184 $ 15 $ (248) 13,981 20,436 8,734
Treasury stock, balance at the beginning of period (in shares) at Mar. 31, 2021       23,000      
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 9,338 9,583       9,583 (245)
Balance at the end of period (in shares) at Jun. 30, 2021     19,732,500        
Balance at the end of period at Jun. 30, 2021 $ 120,088 111,599 $ 20 $ (248) 81,808 30,019 8,489
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2021       23,000      
Balance at the beginning of period (in shares) at Dec. 31, 2021 19,804,417   19,827,417        
Balance at the beginning of period at Dec. 31, 2021 $ 132,025 122,900 $ 20 $ (248) 83,694 39,434 9,125
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2021       23,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation $ 611 611     611    
Exercise of common stock options (in shares) 5,000            
Exercise of common stock options $ 51 51     51    
Noncontrolling interest tax withholding (387)           (387)
Net income 7,943 6,667       6,667 1,276
Balance at the end of period (in shares) at Mar. 31, 2022     19,832,417        
Balance at the end of period at Mar. 31, 2022 $ 140,243 130,229 $ 20 $ (248) 84,356 46,101 10,014
Treasury stock, balance at the end of period (in shares) at Mar. 31, 2022       23,000      
Balance at the beginning of period (in shares) at Dec. 31, 2021 19,804,417   19,827,417        
Balance at the beginning of period at Dec. 31, 2021 $ 132,025 122,900 $ 20 $ (248) 83,694 39,434 9,125
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2021       23,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of common stock options (in shares) 5,000            
Net income $ 15,143            
Balance at the end of period (in shares) at Jun. 30, 2022 19,809,417   19,832,417        
Balance at the end of period at Jun. 30, 2022 $ 147,521 137,138 $ 20 $ (248) 84,921 52,445 10,383
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2022       23,000      
Balance at the beginning of period (in shares) at Mar. 31, 2022     19,832,417        
Balance at the beginning of period at Mar. 31, 2022 140,243 130,229 $ 20 $ (248) 84,356 46,101 10,014
Treasury stock, balance at the beginning of period (in shares) at Mar. 31, 2022       23,000      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation 565 565     565    
Noncontrolling interest tax withholding (487)           (487)
Net income $ 7,200 6,344       6,344 856
Balance at the end of period (in shares) at Jun. 30, 2022 19,809,417   19,832,417        
Balance at the end of period at Jun. 30, 2022 $ 147,521 $ 137,138 $ 20 $ (248) $ 84,921 $ 52,445 $ 10,383
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2022       23,000