Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of earnings per share

Basic earnings per share is calculated by dividing the net income attributable to equity holders of the Company for the period by the weighted average number of common shares outstanding during the period.

	Three Months Ended March 31,
	2023		2022
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	9,005	$	6,667
Weighted average shares	19,887		19,808
Basic earnings per share	$	0.45	$	0.34

The following table summarizes the calculation of diluted earnings per share:

	Three Months Ended March 31,
	2023		2022
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	9,005	$	6,667
Weighted average shares	19,887		19,808
Dilutive shares
Stock options and restricted stock units	53		93
Total dilutive shares	19,940		19,901
Diluted earnings per share	$	0.45	$	0.34