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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) - 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, 2022     19,908,005        
Balance at the beginning of period at Dec. 31, 2022 $ 151,933 $ 141,682 $ 20 $ (248) $ 85,792 $ 56,118 $ 10,251
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2022       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock upon vesting of restricted stock units (in shares)     2,452        
Issuance of common stock upon vesting of restricted stock units (14) (14)     (14)    
Stock-based compensation 277 277     277    
Net income 9,186 9,005       9,005 181
Balance at the end of period (in shares) at Mar. 31, 2023     19,910,457        
Balance at the end of period at Mar. 31, 2023 $ 161,382 150,950 $ 20 $ (248) 86,055 65,123 10,432
Treasury stock, balance at the end of period (in shares) at Mar. 31, 2023       (23,000)      
Balance at the beginning of period (in shares) at Dec. 31, 2023 19,965,482   19,988,482        
Balance at the beginning of period at Dec. 31, 2023 $ 162,690 154,118 $ 20 $ (248) 86,667 67,679 8,572
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2023 (23,000)     (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared $ (5,992) (5,992)       (5,992)  
Issuance of common stock upon vesting of restricted stock units (in shares)     3,750        
Stock-based compensation $ 375 375     375    
Exercise of common stock options (in shares) 2,800   2,800        
Exercise of stock options $ 52 52     52    
Global Wells noncontrolling membership interest redemption (3,209) (316)       (316) (2,893)
Net income $ 6,476 6,166       6,166 310
Balance at the end of period (in shares) at Mar. 31, 2024 19,972,032   19,995,032        
Balance at the end of period at Mar. 31, 2024 $ 160,392 $ 154,403 $ 20 $ (248) $ 87,094 $ 67,537 $ 5,989
Treasury stock, balance at the end of period (in shares) at Mar. 31, 2024 (23,000)     (23,000)