2021 Q4 Form 10-Q Financial Statement

#000162828021023165 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $91.33M $102.7M $70.38M
YoY Change 29.77% 34.58% 25.1%
Cost Of Revenue $63.02M $72.92M $51.09M
YoY Change 23.36% 36.84% 23.44%
Gross Profit $28.31M $29.79M $19.30M
YoY Change 46.68% 29.36% 29.79%
Gross Profit Margin 31.0% 29.01% 27.42%
Selling, General & Admin $21.17M $24.43M $17.24M
YoY Change 22.8% 52.78% 23.94%
% of Gross Profit 74.78% 81.99% 89.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.567M $2.528M $2.470M
YoY Change 3.93% 13.16% 21.08%
% of Gross Profit 9.07% 8.49% 12.8%
Operating Expenses $21.17M $24.43M $17.23M
YoY Change 22.87% 52.78% 23.87%
Operating Profit $7.139M $5.365M $2.070M
YoY Change 244.88% -23.81% 115.62%
Interest Expense -$302.0K -$308.0K -$950.0K
YoY Change -68.21% -63.64% 75.93%
% of Operating Profit -4.23% -5.74% -45.89%
Other Income/Expense, Net $229.0K -$24.00K $260.0K
YoY Change -11.92% -97.66% 1200.0%
Pretax Income $7.066M $5.341M $1.370M
YoY Change 415.77% -11.23% 204.44%
Income Tax $1.088M $1.300M -$220.0K
% Of Pretax Income 15.4% 24.34% -16.06%
Net Earnings $5.629M $3.786M $920.0K
YoY Change 511.85% -7.02% -807.69%
Net Earnings / Revenue 6.16% 3.69% 1.31%
Basic Earnings Per Share $0.19
Diluted Earnings Per Share $282.4K $0.19 $46.68K
COMMON SHARES
Basic Shares Outstanding 19.80M shares 19.71M shares
Diluted Shares Outstanding 19.88M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.483M $1.679M $400.0K
YoY Change 1520.75% -20.05% -50.0%
Cash & Equivalents $6.483M $1.679M $448.0K
Short-Term Investments
Other Short-Term Assets $5.141M $5.690M $6.500M
YoY Change -20.91% 5.37% 109.68%
Inventory $58.47M $60.21M $48.96M
Prepaid Expenses
Receivables $32.78M $33.28M $23.84M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $102.9M $100.9M $79.78M
YoY Change 28.95% 26.7% 30.78%
LONG-TERM ASSETS
Property, Plant & Equipment $93.48M $94.04M $95.53M
YoY Change -2.15% -2.65% 61.92%
Goodwill $3.510M $3.510M $3.113M
YoY Change 12.75% 0.0%
Intangibles $380.0K $387.0K $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $477.0K $399.0K $161.0K
YoY Change 196.27% -73.4% -98.79%
Total Long-Term Assets $104.7M $102.6M $101.3M
YoY Change 3.36% 1.52% 39.95%
TOTAL ASSETS
Total Short-Term Assets $102.9M $100.9M $79.78M
Total Long-Term Assets $104.7M $102.6M $101.3M
Total Assets $207.6M $203.5M $181.1M
YoY Change 14.63% 12.61% 35.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.47M $19.03M $20.07M
YoY Change -7.97% -4.38% 5.63%
Accrued Expenses $7.813M $8.161M $4.959M
YoY Change 57.55% 66.55% 83.67%
Deferred Revenue $1.215M $1.125M $551.0K
YoY Change 120.51%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.178M $1.166M $11.36M
YoY Change -89.63% -89.5% 57.83%
Total Short-Term Liabilities $30.76M $32.51M $43.14M
YoY Change -28.68% -30.38% 20.16%
LONG-TERM LIABILITIES
Long-Term Debt $200.0K $200.0K $100.0K
YoY Change 100.0% -99.77% -99.85%
Other Long-Term Liabilities $3.837M $4.051M $5.049M
YoY Change -24.0% -26.35% 57.78%
Total Long-Term Liabilities $4.037M $4.251M $5.149M
YoY Change -21.6% -95.46% -92.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.76M $32.51M $43.14M
Total Long-Term Liabilities $4.037M $4.251M $5.149M
Total Liabilities $75.57M $78.48M $141.2M
YoY Change -46.49% -47.43% 20.1%
SHAREHOLDERS EQUITY
Retained Earnings $39.43M $33.81M $18.66M
YoY Change 111.37%
Common Stock $20.00K $20.00K $15.00K
YoY Change 33.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $248.0K $248.0K $248.0K
YoY Change 0.0% 75.89%
Treasury Stock Shares 23.00K shares 23.00K shares 23.00K shares
Shareholders Equity $122.9M $116.2M $32.40M
YoY Change
Total Liabilities & Shareholders Equity $207.6M $203.5M $181.1M
YoY Change 14.63% 12.61% 35.76%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income $5.629M $3.786M $920.0K
YoY Change 511.85% -7.02% -807.69%
Depreciation, Depletion And Amortization $2.567M $2.528M $2.470M
YoY Change 3.93% 13.16% 21.08%
Cash From Operating Activities $9.925M $1.441M $2.250M
YoY Change 341.11% -59.52% -30.98%
INVESTING ACTIVITIES
Capital Expenditures -$228.0K -$2.990M -$1.920M
YoY Change -88.13% 1200.0% -14.29%
Acquisitions
YoY Change
Other Investing Activities -$4.414M -$810.0K -$1.310M
YoY Change 236.95% -72.35% 204.65%
Cash From Investing Activities -$4.642M -$3.800M -$3.220M
YoY Change 44.16% 20.25% 20.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -479.0K -3.644M -650.0K
YoY Change -26.31% 309.44% -78.69%
NET CHANGE
Cash From Operating Activities 9.925M 1.441M 2.250M
Cash From Investing Activities -4.642M -3.800M -3.220M
Cash From Financing Activities -479.0K -3.644M -650.0K
Net Change In Cash 4.804M -6.003M -1.620M
YoY Change -396.54% 1125.1% -34.41%
FREE CASH FLOW
Cash From Operating Activities $9.925M $1.441M $2.250M
Capital Expenditures -$228.0K -$2.990M -$1.920M
Free Cash Flow $10.15M $4.431M $4.170M
YoY Change 143.48% 16.91% -24.18%

Facts In Submission

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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19710043 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15180879 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17945205 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15185440 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19881295 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15451879 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18110127 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15456440 shares
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
24054000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
567000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
24621000 USD
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
107000 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
607000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
5088000 USD
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
67592000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
240000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
9338000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
9941000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
33848000 USD
CY2020Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
141000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
4566000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
38273000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
39868000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
3050000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
42918000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
120088000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
848000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
4073000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2028000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-9000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-9000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
125009000 USD
us-gaap Profit Loss
ProfitLoss
16461000 USD
us-gaap Profit Loss
ProfitLoss
15074000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7477000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6103000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
98000 USD
us-gaap Inventory Write Down
InventoryWriteDown
133000 USD
us-gaap Inventory Write Down
InventoryWriteDown
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
19000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1298000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1088000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
64000 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-1739000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
238000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9438000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2458000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11226000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13187000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-840000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2332000 USD
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
0 USD
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
840000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1041000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
801000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3202000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1069000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-2427000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
1170000 USD
krt Increase Decrease In Credit Cards Payable
IncreaseDecreaseInCreditCardsPayable
-663000 USD
krt Increase Decrease In Credit Cards Payable
IncreaseDecreaseInCreditCardsPayable
-317000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
65000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
3088000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
574000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-11000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
300000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
285000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1246000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12300000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3947000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27621000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
24000 USD
krt Payments For Deposits For Property Plant And Equipment
PaymentsForDepositsForPropertyPlantAndEquipment
3792000 USD
krt Payments For Deposits For Property Plant And Equipment
PaymentsForDepositsForPropertyPlantAndEquipment
5640000 USD
krt Payments To Acquire Lollicup Franchising Inc Effect On Initial Consolidation Net Of Cash Acquired
PaymentsToAcquireLollicupFranchisingIncEffectOnInitialConsolidationNetOfCashAcquired
0 USD
krt Payments To Acquire Lollicup Franchising Inc Effect On Initial Consolidation Net Of Cash Acquired
PaymentsToAcquireLollicupFranchisingIncEffectOnInitialConsolidationNetOfCashAcquired
893000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8639000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
900000 USD
krt Proceeds From Issuance Of Long Term Debt Excluding Proceeds From Long Term Line Of Credit
ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit
24542000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
38985000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5497000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
67592000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-34130000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1470000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
5190000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
34639000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
krt Proceeds From Issuance Of Long Term Debt Excluding Proceeds From Long Term Line Of Credit
ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit
15997000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
607000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
319000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
285000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
23095000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1231000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
248000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11116000 USD
krt Acquisition Price Included Within Deposits
AcquisitionPriceIncludedWithinDeposits
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1265000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
448000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
802000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1679000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2067000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
23000 USD
us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
3215000 USD
us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
15749000 USD
krt Acquisition Price Included Within Deposits
AcquisitionPriceIncludedWithinDeposits
100000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3324000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2395000 USD
us-gaap Interest Paid Net
InterestPaidNet
2472000 USD
us-gaap Interest Paid Net
InterestPaidNet
2869000 USD
us-gaap Nature Of Operations
NatureOfOperations
Nature of Operations<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lollicup USA Inc. (“Lollicup”) was incorporated on January 21, 2001 under the laws of the State of California as an S-corporation. Effective January 1, 2018, Lollicup elected to convert from an S-Corporation to a C-Corporation. Karat Packaging Inc. (“Karat Packaging”) was incorporated on September 26, 2018 as a Delaware corporation and became the holding company for Lollicup (collectively, the “Company”) through a share exchange with the shareholders of Lollicup.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a manufacturer and distributor of environmentally friendly, single-use disposable products used in a variety of restaurant and foodservice settings. The Company supplies a wide range of products for the foodservice industry, including food containers, tableware, cups, lids, cutlery, and straws. The products are available in plastic, paper, biopolymer-based and other compostable forms. In 2020, the Company began to supply personal protective equipment related products to their customer such as face shields and face masks. In addition to manufacturing and distribution, the Company offers customized solutions to the customers, including new product development, design, printing, and logistics services.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company also supplies products to smaller chains and businesses including boutique coffee houses, bubble tea cafes, pizza parlors and frozen yogurt shops, as well as to national and regional supermarkets and convenience stores.</span></div>The Company currently operates manufacturing facilities and distribution and fulfillment center in Chino, California, Rockwall, Texas, and Kapolei, Hawaii. In addition, the Company operates three other distribution centers located in Branchburg, New Jersey, Summer, Washington and Summerville, South Carolina. The distribution and fulfillment centers are strategically located in proximity to major population centers, including the Los Angeles, New York, and Seattle metro areas. On March 1, 2021, the Company completed the acquisition of the assets of Pacific Cup Inc., a paper cup manufacturer based in Kapolei, Hawaii, which allowed the Company to expand its presence into Hawaii.
krt Number Of Other Distribution Centers Operated By Entity
NumberOfOtherDistributionCentersOperatedByEntity
3 distribution_center
us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Estimates and Assumptions: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management uses estimates and assumptions in preparing financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ materially from the estimates that were assumed in preparing the condensed consolidated financial statements. Estimates that are significant to the condensed consolidated financial statements include stock-based compensation, allowance for doubtful accounts, reserve for slow-moving and obsolete inventory, deferred taxes, and estimated useful lives of property and equipment, with effects of changes could result in future impairments of goodwill, intangibles, and long-lived assets.</span>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Concentration of Credit Risk</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> The financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents in financial institutions, which exceed federally insured limits, short-term investments, and non-affiliated trade receivables. The Company routinely assesses the financial strength of its customers and generally does not require collateral for trade receivables. Further, the Company has money market accounts which exceeded the federally insured limits by approximately $0.4 million and $0.2 million as of September 30, 2021 and December 31, 2020, respectively.</span><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Cash is maintained at financial institutions and, at times, balances exceed federally insured limits. Management believes that the credit risk related to such deposits is minimal.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company extends credit based on the valuation of the customers’ financial condition and general collateral is not required. Management believes the Company is not exposed to any material credit risk on these accounts.</span></div>
CY2021Q3 krt Deposits Money Market Deposits Above Us Insurance Limits
DepositsMoneyMarketDepositsAboveUSInsuranceLimits
400000 USD
CY2020Q4 krt Deposits Money Market Deposits Above Us Insurance Limits
DepositsMoneyMarketDepositsAboveUSInsuranceLimits
200000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
3510000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2021Q3 krt Deposits Assets Relating To Machinery And Equipment
DepositsAssetsRelatingToMachineryAndEquipment
3800000 USD
CY2020Q4 krt Deposits Assets Relating To Machinery And Equipment
DepositsAssetsRelatingToMachineryAndEquipment
1800000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2021Q3 us-gaap Goodwill
Goodwill
3510000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
3113000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
397000 USD
CY2021Q3 krt Government Grants
GovernmentGrants
1200000 USD
CY2020Q4 krt Government Grants
GovernmentGrants
900000 USD
CY2021Q3 krt Variable Interest Entity Number Of Entities
VariableInterestEntityNumberOfEntities
2 entity
CY2021Q3 krt Shares Authorized
SharesAuthorized
110000000 shares
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
krt Number Of Votes Per Common Stock And Preferred Stock Share
NumberOfVotesPerCommonStockAndPreferredStockShare
1 vote
CY2020Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.04
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
607000 USD
CY2020Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
10000 shares
CY2020Q2 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
107000 USD
CY2020Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
13000 shares
CY2020Q3 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
141000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
102711000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
76317000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
272910000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
225137000 USD
CY2021Q3 us-gaap Advertising Expense
AdvertisingExpense
823000 USD
CY2020Q3 us-gaap Advertising Expense
AdvertisingExpense
336000 USD
us-gaap Advertising Expense
AdvertisingExpense
1843000 USD
us-gaap Advertising Expense
AdvertisingExpense
1126000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-63000 USD
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-268000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-347000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-377000 USD
CY2021Q3 us-gaap Inventory Adjustments
InventoryAdjustments
675000 USD
CY2021Q3 us-gaap Depreciation
Depreciation
2528000 USD
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
17092000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4251000 USD
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
0 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
133000 USD
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
43790000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
45252000 USD
CY2021Q3 us-gaap Inventory Gross
InventoryGross
60882000 USD
CY2020Q4 us-gaap Inventory Gross
InventoryGross
49636000 USD
CY2020Q4 us-gaap Inventory Adjustments
InventoryAdjustments
675000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
2234000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
60207000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
48961000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
131824000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
125852000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
37783000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30319000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
94041000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
95533000 USD
us-gaap Depreciation
Depreciation
7464000 USD
us-gaap Depreciation
Depreciation
6103000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3171000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1796000 USD
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
40000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
199000 USD
CY2021Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
1371000 USD
CY2020Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
1253000 USD
CY2021Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
630000 USD
CY2020Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
496000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
481000 USD
CY2021Q3 krt Accrued Shipping Expenses Current
AccruedShippingExpensesCurrent
1859000 USD
CY2020Q4 krt Accrued Shipping Expenses Current
AccruedShippingExpensesCurrent
433000 USD
CY2021Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
724000 USD
CY2021Q3 us-gaap Accrued Rent Current
AccruedRentCurrent
366000 USD
CY2020Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
301000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
8161000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4959000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
37005000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
64876000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
210000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
102000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1166000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
11364000 USD
CY2021Q3 krt Long Term Debt Excluding Long Term Line Of Credit Noncurrent
LongTermDebtExcludingLongTermLineOfCreditNoncurrent
35629000 USD
CY2020Q4 krt Long Term Debt Excluding Long Term Line Of Credit Noncurrent
LongTermDebtExcludingLongTermLineOfCreditNoncurrent
53410000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
288000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1178000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1224000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1276000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1333000 USD
CY2021Q3 krt Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
31706000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
37005000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2000000 shares
CY2019Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
2000000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.00
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.00
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M18D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
15000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
10.00
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y3M18D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
0 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
12752 USD
krt Share Based Compensation Arrangement By Share Based Payment Award Accelerated Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedVestingPeriod
P6M
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
800000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1100000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
1700000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
3786000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
4072000 USD
us-gaap Net Income Loss
NetIncomeLoss
15149000 USD
us-gaap Net Income Loss
NetIncomeLoss
16595000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19710043 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15180879 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17945205 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15185440 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.09
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
3786000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
4072000 USD
us-gaap Net Income Loss
NetIncomeLoss
15149000 USD
us-gaap Net Income Loss
NetIncomeLoss
16595000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19710043 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15180879 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17945205 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15185440 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
171252 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
271000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
164922 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
271000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19881295 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15451879 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18110127 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15456440 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
89828 shares
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
1634000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
6603000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
6696000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
5513000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3743000 USD
CY2021Q3 krt Operating Leases Future Minimum Payments Due After Four Years
OperatingLeasesFutureMinimumPaymentsDueAfterFourYears
10731000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
34920000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1500000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.237
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5500000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.196
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.267

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