2021 Q4 Form 10-Q Financial Statement
#000162828021023165 Filed on November 12, 2021
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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|
27948000 | USD | |
CY2021Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
24428000 | USD |
CY2020Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
15989000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
63511000 | USD | |
us-gaap |
Operating Expenses
OperatingExpenses
|
44189000 | USD | |
CY2021Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5365000 | USD |
CY2020Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7042000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
16006000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
25640000 | USD | |
CY2021Q3 | us-gaap |
Rental Income Nonoperating
RentalIncomeNonoperating
|
246000 | USD |
CY2020Q3 | us-gaap |
Rental Income Nonoperating
RentalIncomeNonoperating
|
66000 | USD |
us-gaap |
Rental Income Nonoperating
RentalIncomeNonoperating
|
738000 | USD | |
us-gaap |
Rental Income Nonoperating
RentalIncomeNonoperating
|
66000 | USD | |
CY2021Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
101000 | USD |
CY2020Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
24000 | USD |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
223000 | USD | |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
86000 | 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 |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-308000 | USD |
CY2020Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-847000 | USD |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-1158000 | USD | |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-4858000 | USD | |
CY2021Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1451000 | USD |
CY2020Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
5000000 | USD | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD | |
CY2021Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-24000 | USD |
CY2020Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1025000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
4456000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-5083000 | USD | |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
5341000 | USD |
CY2020Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
6017000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
20462000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
20557000 | USD | |
CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1268000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4001000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5483000 | USD | |
CY2021Q3 | us-gaap |
Profit Loss
ProfitLoss
|
4073000 | USD |
CY2020Q3 | us-gaap |
Profit Loss
ProfitLoss
|
4566000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
16461000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
15074000 | USD | |
CY2021Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
287000 | USD |
CY2020Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
494000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1312000 | USD | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-1521000 | 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 |
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 |
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 | ||
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 |