Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	9,100	$	10,502	$	15,266	$	19,507
Weighted average number of common shares in issue	19,994		19,887		19,982		19,887
Basic earnings per share	$	0.46	$	0.53	$	0.76	$	0.98

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in thousands, except per share data)
Net income attributable to Karat Packaging Inc.	$	9,100	$	10,502	$	15,266	$	19,507
Weighted average number of common shares in issue	19,994		19,887		19,982		19,887
Dilutive shares
Stock options and restricted stock units	120		67		113		60
Adjusted weighted average number of common shares	20,114		19,954		20,095		19,947
Diluted earnings per share	$	0.45	$	0.53	$	0.76	$	0.98