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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, 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]              
Cash dividends declared (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)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared $ (31,016) (31,016)       (31,016)  
Issuance of common stock upon vesting of restricted stock units (in shares)     31,550        
Stock-based compensation $ 2,065 2,065     2,065    
Exercise of stock options (in shares) 39,473   39,473        
Exercise of stock options $ 725 725     725    
Distributions to shareholders, net of tax withholding (3,209) (316)       (316) (2,893)
Refund of Global Wells members' tax withholding payments 120 18       18 102
Net income $ 30,824 29,975       29,975 849
Balance at the end of period (in shares) at Dec. 31, 2024 20,036,505   20,059,505        
Balance at the end of period at Dec. 31, 2024 $ 162,199 $ 155,569 $ 20 $ (248) $ 89,457 $ 66,340 $ 6,630
Treasury stock, balance at the end of period (in shares) at Dec. 31, 2024 (23,000)     (23,000)