Earnings Per Share (Tables)

12 Months Ended

Dec. 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 year by the weighted average number of common shares outstanding during the period.

	Year Ended December 31,
	2023		2022
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	32,470	$	23,648
Weighted average shares	19,905		19,825
Basic earnings per share	$	1.63	$	1.19

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

	Year Ended December 31,
	2023		2022
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	32,470	$	23,648
Weighted average shares	19,905		19,825
Dilutive shares
Stock options and restricted stock units	73		101
Total dilutive shares	19,978		19,926
Diluted earnings per share	$	1.63	$	1.19