XML 30 R7.htm IDEA: XBRL DOCUMENT v3.22.4
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, 2020     15,190,000        
Balance at the beginning 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
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2020       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
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 of $5,088 67,592,000 67,592,000 $ 5,000   67,587,000    
Cash dividends declared ($0.35 per share) 0            
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 $ 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        
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
Treasury stock, balance at the end of period (in shares) at Dec. 31, 2021 (23,000)     (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared ($0.35 per share) $ (6,964,000) (6,964,000) $ 0   (6,964,000)  
Issuance of common stock upon vesting of restricted stock units (in shares)     75,588        
Stock-based compensation $ 2,047,000 2,047,000     2,047,000    
Exercise of stock options (in shares) 5,000   5,000        
Exercise of stock options $ 51,000 51,000     51,000    
Noncontrolling interest tax withholding (1,063,000) 0       (1,063,000)
Net income $ 25,837,000 23,648,000       23,648,000 2,189,000
Balance at the end of period (in shares) at Dec. 31, 2022 19,885,005   19,908,005        
Balance at the end of period at Dec. 31, 2022 $ 151,933,000 $ 141,682,000 $ 20,000 $ (248,000) $ 85,792,000 $ 56,118,000 $ 10,251,000
Treasury stock, balance at the end of period (in shares) at Dec. 31, 2022 (23,000)     (23,000)