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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - 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, 2021     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]              
Cash dividends declared ($0.35 per share) (6,964) (6,964)       (6,964)  
Issuance of common stock upon vesting of restricted stock units (in shares)     75,588        
Stock-based compensation $ 2,047 2,047     2,047    
Exercise of stock options (in shares) 5,000   5,000        
Exercise of stock options $ 51 51     51    
Noncontrolling interest tax withholding (1,063)           (1,063)
Net income $ 25,837 23,648       23,648 2,189
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 $ 151,933 141,682 $ 20 $ (248) 85,792 56,118 10,251
Treasury stock, balance at the end of period (in shares) at Dec. 31, 2022 (23,000)     (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared ($0.35 per share) $ (20,909) (20,909)       (20,909)  
Issuance of common stock upon vesting of restricted stock units (in shares)     73,617        
Issuance of common stock upon vesting of restricted stock units (18) (18)     (18)    
Stock-based compensation $ 770 770     770    
Exercise of stock options (in shares) 6,860   6,860        
Exercise of stock options $ 123 123     123    
Distributions to shareholders, net of tax withholding (2,295)           (2,295)
Noncontrolling interest tax withholding (94)           (94)
Net income $ 33,180 32,470       32,470 710
Balance at the end of period (in shares) at Dec. 31, 2023 19,965,482   19,988,482        
Balance at the end of period at Dec. 31, 2023 $ 162,690 $ 154,118 $ 20 $ (248) $ 86,667 $ 67,679 $ 8,572
Treasury stock, balance at the end of period (in shares) at Dec. 31, 2023 (23,000)     (23,000)