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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, 2023     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)      
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 stock options (in shares)     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     19,995,032        
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)      
Balance at the beginning of period (in shares) at Dec. 31, 2024 20,036,505   20,059,505        
Balance at the beginning of period at Dec. 31, 2024 $ 162,199 155,569 $ 20 $ (248) 89,457 66,340 6,630
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2024 (23,000)     (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cash dividends declared $ (9,017) (9,017)       (9,017)  
Stock-based compensation $ 346 346     346    
Exercise of stock options (in shares) 0            
Global Wells noncontrolling-interest tax withholding $ (132)           (132)
Net income $ 6,815 6,409       6,409 406
Balance at the end of period (in shares) at Mar. 31, 2025 20,036,505   20,059,505        
Balance at the end of period at Mar. 31, 2025 $ 160,211 $ 153,307 $ 20 $ (248) $ 89,803 $ 63,732 $ 6,904
Treasury stock, balance at the end of period (in shares) at Mar. 31, 2025 (23,000)     (23,000)