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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, 2021     19,827,417        
Balance at the beginning of period at Dec. 31, 2021 $ 132,025 $ 122,900 $ 20 $ (248) $ 83,694 $ 39,434 $ 9,125
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2021       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation 611 611     611    
Exercise of common stock options (in shares)     5,000        
Exercise of common stock options 51 51     51    
Noncontrolling interest tax withholding (387) 0         (387)
Net income 7,943 6,667       6,667 1,276
Balance at the end of period (in shares) at Mar. 31, 2022     19,832,417        
Balance at the end of period at Mar. 31, 2022 140,243 130,229 $ 20 $ (248) 84,356 46,101 10,014
Treasury stock, balance at the end of period (in shares) at Mar. 31, 2022       (23,000)      
Balance at the beginning of period (in shares) at Dec. 31, 2021     19,827,417        
Balance at the beginning of period at Dec. 31, 2021 132,025 122,900 $ 20 $ (248) 83,694 39,434 9,125
Treasury stock, balance at the beginning of period (in shares) at Dec. 31, 2021       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 15,143            
Balance at the end of period (in shares) at Jun. 30, 2022     19,832,417        
Balance at the end of period at Jun. 30, 2022 147,521 137,138 $ 20 $ (248) 84,921 52,445 10,383
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2022       (23,000)      
Balance at the beginning of period (in shares) at Mar. 31, 2022     19,832,417        
Balance at the beginning of period at Mar. 31, 2022 140,243 130,229 $ 20 $ (248) 84,356 46,101 10,014
Treasury stock, balance at the beginning of period (in shares) at Mar. 31, 2022       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation 565 565     565    
Noncontrolling interest tax withholding (487)           (487)
Net income 7,200 6,344       6,344 856
Balance at the end of period (in shares) at Jun. 30, 2022     19,832,417        
Balance at the end of period at Jun. 30, 2022 $ 147,521 137,138 $ 20 $ (248) 84,921 52,445 10,383
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2022       (23,000)      
Balance at the beginning of period (in shares) at Dec. 31, 2022 19,885,005   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)     (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation $ 277 277     277    
Issuance of common stock upon vesting of‎ restricted stock units, net shares withheld to‎ cover taxes (in shares)     2,452        
Issuance of common stock upon vesting of‎ restricted stock units, net shares withheld to‎ cover taxes (14) (14)     (14)    
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, 2022 19,885,005   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)     (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 19,863            
Balance at the end of period (in shares) at Jun. 30, 2023 19,888,039   19,911,039        
Balance at the end of period at Jun. 30, 2023 $ 165,306 154,699 $ 20 $ (248) 86,267 68,660 10,607
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2023 (23,000)     (23,000)      
Balance at the beginning of period (in shares) at Mar. 31, 2023     19,910,457        
Balance at the beginning of period at Mar. 31, 2023 $ 161,382 150,950 $ 20 $ (248) 86,055 65,123 10,432
Treasury stock, balance at the beginning of period (in shares) at Mar. 31, 2023       (23,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation 216 216     216    
Cash dividends declared ($0.35 per share) (6,965) (6,965)       (6,965)  
Issuance of common stock upon vesting of‎ restricted stock units, net shares withheld to‎ cover taxes (in shares)     582        
Issuance of common stock upon vesting of‎ restricted stock units, net shares withheld to‎ cover taxes (4) (4)     (4)    
Net income $ 10,677 10,502       10,502 175
Balance at the end of period (in shares) at Jun. 30, 2023 19,888,039   19,911,039        
Balance at the end of period at Jun. 30, 2023 $ 165,306 $ 154,699 $ 20 $ (248) $ 86,267 $ 68,660 $ 10,607
Treasury stock, balance at the end of period (in shares) at Jun. 30, 2023 (23,000)     (23,000)