Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

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,
	2024		2023
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	6,166	$	9,005
Weighted average shares	19,970		19,887
Basic earnings per share	$	0.31	$	0.45

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

	Three Months Ended March 31,
	2024		2023
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	6,166	$	9,005
Weighted average shares	19,970		19,887
Dilutive shares
Stock options and restricted stock units	105		53
Total dilutive shares	20,075		19,940
Diluted earnings per share	$	0.31	$	0.45