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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
Net sales $ 422,633 $ 405,651
Cost of goods sold 258,304 252,608
Gross profit 164,329 153,043
Operating expenses    
Selling expenses 52,286 41,490
General and administrative expenses (including $2,358 and $2,749 associated with variable interest entity for the year ended December 31, 2024 and 2023, respectively) 71,530 66,952
Impairment expense and loss, net, on disposal of machinery 2,752 2,525
Total operating expenses 126,568 110,967
Operating income 37,761 42,076
Other income (expenses)    
Rental income (including $1,038 and $981 associated with variable interest entity for the year ended December 31, 2024 and 2023, respectively) 2,076 1,090
Other income (expenses), net 162 (45)
Gain on foreign currency transactions 520 103
Interest income (including $470 and $606 associated with variable interest entity for the year ended December 31, 2024 and 2023, respectively) 2,299 1,803
Interest expense (including $2,062 and $2,019 associated with variable interest entity for the year ended December 31, 2024 and 2023, respectively) (2,123) (2,043)
Total other income, net 2,934 908
Income before provision for income taxes 40,695 42,984
Provision for income taxes 9,871 9,804
Net income 30,824 33,180
Net income attributable to noncontrolling interest 849 710
Net income attributable to Karat Packaging Inc. $ 29,975 $ 32,470
Basic and diluted earnings per share:    
Basic (in dollars per share) $ 1.50 $ 1.63
Diluted (in dollars per share) $ 1.49 $ 1.63
Weighted average common shares outstanding, basic (in shares) 20,002,211 19,904,698
Weighted average common shares outstanding, diluted (in shares) 20,124,284 19,977,712