$KRT
Karat Packaging Inc. Stock $krt

$krt Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000162828023038270 Filed on November 09, 2023

Income Statement

Concept	2023 Q4	2023 Q3
Revenue	$95.58M	$105.5M
YoY Change	3.15%	-4.06%
Cost Of Revenue	$61.49M	$66.58M
YoY Change	-2.4%	-12.19%
Gross Profit	$34.09M	$38.94M
YoY Change	14.93%	13.98%
Gross Profit Margin	35.67%	36.9%
Selling, General & Admin	$29.18M	$27.87M
YoY Change	17.39%	6.15%
% of Gross Profit	85.57%	71.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.725M	$2.701M
YoY Change	2.71%	4.0%
% of Gross Profit	7.99%	6.94%
Operating Expenses	$29.17M	$27.56M
YoY Change	17.39%	4.97%
Operating Profit	$4.919M	$11.38M
YoY Change	2.22%	43.87%
Interest Expense	-$11.00K	$536.0K
YoY Change	-93.08%	-208.72%
% of Operating Profit	-0.22%	4.71%
Other Income/Expense, Net	$322.0K	$664.0K
YoY Change	33.61%	364.34%
Pretax Income	$4.936M	$12.04M
YoY Change	0.86%	49.56%
Income Tax	$759.0K	$2.904M
% Of Pretax Income	15.38%	24.11%
Net Earnings	$3.898M	$9.065M
YoY Change	-14.16%	48.7%
Net Earnings / Revenue	4.08%	8.59%
Basic Earnings Per Share		$0.46
Diluted Earnings Per Share	$0.19	$0.45
COMMON SHARES
Basic Shares Outstanding	19.96M shares	19.89M shares
Diluted Shares Outstanding		20.00M shares

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$49.42M	$46.20M
YoY Change	208.08%	513.46%
Cash & Equivalents	$23.08M	$28.16M
Short-Term Investments	$26.34M	$18.10M
Other Short-Term Assets	$6.219M	$6.800M
YoY Change	-6.35%	-6.31%
Inventory	$71.53M	$71.66M
Prepaid Expenses
Receivables	$27.76M	$33.98M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$154.9M	$158.7M
YoY Change	25.14%	27.15%
LONG-TERM ASSETS
Property, Plant & Equipment	$116.0M	$96.69M
YoY Change	21.34%	2.48%
Goodwill	$3.510M	$3.510M
YoY Change	0.0%	0.0%
Intangibles	$327.0K	$333.0K
YoY Change	-7.37%	-7.5%
Long-Term Investments
YoY Change
Other Assets	$1.666M	$2.002M
YoY Change	103.67%	142.08%
Total Long-Term Assets	$121.5M	$121.3M
YoY Change	-5.38%	5.78%
TOTAL ASSETS
Total Short-Term Assets	$154.9M	$158.7M
Total Long-Term Assets	$121.5M	$121.3M
Total Assets	$276.4M	$280.0M
YoY Change	9.61%	16.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$18.45M	$19.40M
YoY Change	-0.61%	2.49%
Accrued Expenses	$14.82M	$8.858M
YoY Change	64.62%	4.59%
Deferred Revenue	$951.0K	$803.0K
YoY Change	-25.76%	-32.29%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.122M	$1.111M
YoY Change	17.24%	17.19%
Total Short-Term Liabilities	$44.40M	$45.70M
YoY Change	13.11%	31.21%
LONG-TERM LIABILITIES
Long-Term Debt	$48.40M	$219.0K
YoY Change	22305.56%	-4.37%
Other Long-Term Liabilities	$16.71M	$2.824M
YoY Change	530.2%	-9.69%
Total Long-Term Liabilities	$65.11M	$3.043M
YoY Change	2170.19%	-9.33%
TOTAL LIABILITIES
Total Short-Term Liabilities	$44.40M	$45.70M
Total Long-Term Liabilities	$65.11M	$3.043M
Total Liabilities	$122.3M	$115.2M
YoY Change	21.98%	34.94%
SHAREHOLDERS EQUITY
Retained Earnings	$67.68M	$67.77M
YoY Change	20.6%	15.77%
Common Stock	$20.00K	$20.00K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$154.1M	$154.2M
YoY Change
Total Liabilities & Shareholders Equity	$276.4M	$280.0M
YoY Change	9.61%	16.91%

Cashflow Statement

Concept	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	$3.898M	$9.065M
YoY Change	-14.16%	48.7%
Depreciation, Depletion And Amortization	$2.725M	$2.701M
YoY Change	2.71%	4.0%
Cash From Operating Activities	$10.29M	$12.04M
YoY Change	-39.38%	-40.53%
INVESTING ACTIVITIES
Capital Expenditures	-$35.00K	$1.050M
YoY Change	-105.38%	-367.86%
Acquisitions
YoY Change
Other Investing Activities	-$8.868M	$9.030M
YoY Change	1334.95%	-335.52%
Cash From Investing Activities	-$8.833M	$7.980M
YoY Change	596.61%	-288.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-6.544M	-10.11M
YoY Change	-9.07%	-15.67%
NET CHANGE
Cash From Operating Activities	10.29M	12.04M
Cash From Investing Activities	-8.833M	7.980M
Cash From Financing Activities	-6.544M	-10.11M
Net Change In Cash	-5.086M	9.910M
YoY Change	-159.76%	145.91%
FREE CASH FLOW
Cash From Operating Activities	$10.29M	$12.04M
Capital Expenditures	-$35.00K	$1.050M
Free Cash Flow	$10.33M	$10.99M
YoY Change	-36.75%	-46.75%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	216000	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19809000	shares
CY2023Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	33984000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	29912000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	71657000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	71206000	usd
CY2023Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	6823000	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	6641000	usd
CY2023Q3	us-gaap	Assets Current AssetsCurrent	158689000	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	123800000	usd
CY2023Q3	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	1672000	usd
CY2022Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	12413000	usd
CY2023Q3	us-gaap	Goodwill Goodwill	3510000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	3510000	usd
CY2023Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	333000	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	353000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	17068000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	15713000	usd
CY2023Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2002000	usd
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	818000	usd
CY2023Q3	us-gaap	Assets Assets	279964000	usd
CY2022Q4	us-gaap	Assets Assets	252175000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	8858000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	9005000	usd
CY2023Q3	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	8010000	usd
CY2022Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	0	usd
CY2023Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	803000	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	1281000	usd
CY2023Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	1111000	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	957000	usd
CY2023Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4927000	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4511000	usd
CY2022Q4	us-gaap	Other Notes Payable OtherNotesPayable	0	usd
CY2023Q3	krt	Long Term Debt Excluding Long Term Line Of Credit Noncurrent LongTermDebtExcludingLongTermLineOfCreditNoncurrent	48668000	usd
CY2022Q4	krt	Long Term Debt Excluding Long Term Line Of Credit Noncurrent LongTermDebtExcludingLongTermLineOfCreditNoncurrent	41558000	usd
CY2023Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	12866000	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	11623000	usd
CY2023Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	2824000	usd
CY2022Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	2652000	usd
CY2023Q3	us-gaap	Liabilities Liabilities	115211000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	100242000	usd
CY2023Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	141682000	usd
CY2023Q3	us-gaap	Minority Interest MinorityInterest	10588000	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	10251000	usd
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	19908005	shares
CY2023Q3	krt	Treasury Stock Par Or Stated Value Per Share TreasuryStockParOrStatedValuePerShare	0.001
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	279964000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	310069000	usd
	us-gaap	Gross Profit GrossProfit	118949000	usd
	us-gaap	Gross Profit GrossProfit	102421000	usd
	us-gaap	Selling Expense SellingExpense	25500000	usd
	us-gaap	Selling Expense SellingExpense	28218000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	53767000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	49033000	usd
	krt	Impairment Expense And Loss Gain On Disposal Of Machinery ImpairmentExpenseAndLossGainOnDisposalOfMachinery	2231000	usd
	krt	Impairment Expense And Loss Gain On Disposal Of Machinery ImpairmentExpenseAndLossGainOnDisposalOfMachinery	-33000	usd
	us-gaap	Operating Expenses OperatingExpenses	81498000	usd
	us-gaap	Operating Expenses OperatingExpenses	77218000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	37451000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	25203000	usd
	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	781000	usd
	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	715000	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	2160000	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	536000	usd
CY2022Q3	us-gaap	Interest Expense InterestExpense	493000	usd
	us-gaap	Interest Expense InterestExpense	1516000	usd
	us-gaap	Interest Expense InterestExpense	1576000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	597000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2416000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	27619000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	2189000	usd
	us-gaap	Net Income Loss NetIncomeLoss	28572000	usd
	us-gaap	Net Income Loss NetIncomeLoss	19107000	usd
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.44
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.96
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.43
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.96
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19888244	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19808813	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19962999	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19922047	shares
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	611000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	51000	usd
CY2022Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	387000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	7943000	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	140243000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	565000	usd
CY2022Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	487000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	7200000	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	147521000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	96690000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	95568000	usd
CY2023Q3	us-gaap	Other Notes Payable OtherNotesPayable	49000	usd
CY2023Q3	us-gaap	Liabilities Current LiabilitiesCurrent	45697000	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	39253000	usd
CY2023Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	5156000	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	5156000	usd
CY2023Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	219000	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	216000	usd
CY2023Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	219000	usd
CY2023Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	19885005	shares
CY2023Q3	us-gaap	Common Stock Value CommonStockValue	20000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	20000	usd
CY2023Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	86620000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	85792000	usd
CY2022Q4	krt	Treasury Stock Par Or Stated Value Per Share TreasuryStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	23000	shares
CY2023Q3	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	23000	shares
CY2023Q3	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	248000	usd
CY2022Q4	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	248000	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	67773000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	56118000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	154165000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	164753000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	151933000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	252175000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	330290000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	191120000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	227869000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-58000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-235000	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	350000	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	1352000	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	1040000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	38048000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9045000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6323000	usd
	us-gaap	Profit Loss ProfitLoss	29003000	usd
	us-gaap	Profit Loss ProfitLoss	21296000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	431000	usd
CY2022Q3	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	598000	usd
CY2022Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	-190000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	6153000	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	154082000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	151933000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	-14000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	277000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	9186000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	161382000	usd
CY2023Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.35
CY2023Q2	us-gaap	Dividends Cash DividendsCash	6965000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	-4000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	216000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	10677000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	165306000	usd
CY2023Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.50
CY2023Q3	us-gaap	Dividends Cash DividendsCash	9952000	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	250000	usd
CY2023Q3	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	103000	usd
CY2023Q3	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	94000	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	9140000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	164753000	usd
	us-gaap	Profit Loss ProfitLoss	29003000	usd
	us-gaap	Profit Loss ProfitLoss	21296000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	8058000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	7752000	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-673000	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1112000	usd
	us-gaap	Inventory Write Down InventoryWriteDown	-27000	usd
	us-gaap	Inventory Write Down InventoryWriteDown	441000	usd
	krt	Write Off Of Inventory WriteOffOfInventory	3225000	usd
	krt	Write Off Of Inventory WriteOffOfInventory	0	usd
	krt	Impairment Of Deposits ImpairmentOfDeposits	523000	usd
	krt	Impairment Of Deposits ImpairmentOfDeposits	0	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-1708000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	33000	usd
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	0	usd
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	2159000	usd
	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	-57000	usd
	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	-28000	usd
	krt	Accrued Interest AccruedInterest	63000	usd
	krt	Accrued Interest AccruedInterest	0	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	743000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	1774000	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	3617000	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	2897000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3399000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	5068000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	3649000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	15255000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-431000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2264000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	75000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	43000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1701000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	459000	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-147000	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	1130000	usd
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-2385000	usd
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	2855000	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	8010000	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	111000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-478000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-29000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-3313000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-2897000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	172000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	150000	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	49000	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	242000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	43088000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	12499000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2870000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2007000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	605000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	76000	usd
	krt	Payments For Costs Incurred From Sale Of Machinery And Equipment PaymentsForCostsIncurredFromSaleOfMachineryAndEquipment	189000	usd
	krt	Payments For Costs Incurred From Sale Of Machinery And Equipment PaymentsForCostsIncurredFromSaleOfMachineryAndEquipment	0	usd
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	2900000	usd
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	4000000	usd
	krt	Proceeds From Deposits Refunded From Joint Venture Investment ProceedsFromDepositsRefundedFromJointVentureInvestment	6900000	usd
	krt	Proceeds From Deposits Refunded From Joint Venture Investment ProceedsFromDepositsRefundedFromJointVentureInvestment	0	usd
	krt	Deposit Refund From Cancelled Property And Equipment Purchase DepositRefundFromCancelledPropertyAndEquipmentPurchase	503000	usd
	krt	Deposit Refund From Cancelled Property And Equipment Purchase DepositRefundFromCancelledPropertyAndEquipmentPurchase	0	usd
	krt	Payments For Deposits For Property Plant And Equipment PaymentsForDepositsForPropertyPlantAndEquipment	5390000	usd
	krt	Payments For Deposits For Property Plant And Equipment PaymentsForDepositsForPropertyPlantAndEquipment	11471000	usd
	krt	Proceeds From Settlement Of Interest Rate Swap ProceedsFromSettlementOfInterestRateSwap	0	usd
	krt	Proceeds From Settlement Of Interest Rate Swap ProceedsFromSettlementOfInterestRateSwap	825000	usd
	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	28000000	usd
	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	0	usd
	us-gaap	Proceeds From Sale Of Short Term Investments ProceedsFromSaleOfShortTermInvestments	10000000	usd
	us-gaap	Proceeds From Sale Of Short Term Investments ProceedsFromSaleOfShortTermInvestments	0	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-21341000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-16577000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	21100000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	21100000	usd
	krt	Proceeds From Issuance Of Long Term Debt Excluding Proceeds From Long Term Line Of Credit ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit	8000000	usd
	krt	Proceeds From Issuance Of Long Term Debt Excluding Proceeds From Long Term Line Of Credit ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit	27477000	usd
	krt	Payments For Lender Fees PaymentsForLenderFees	61000	usd
	krt	Payments For Lender Fees PaymentsForLenderFees	0	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	733000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	21338000	usd
	krt	Payment Tax Withholding Share Based Payment Arrangement Restricted Stock Units PaymentTaxWithholdingShareBasedPaymentArrangementRestrictedStockUnits	18000	usd
	krt	Payment Tax Withholding Share Based Payment Arrangement Restricted Stock Units PaymentTaxWithholdingShareBasedPaymentArrangementRestrictedStockUnits	0	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	103000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	51000	usd
	us-gaap	Payments Of Dividends PaymentsOfDividends	16917000	usd
	us-gaap	Payments Of Dividends PaymentsOfDividends	0	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1064000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-9626000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	5126000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	12121000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1048000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16041000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6483000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	28162000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7531000	usd
	us-gaap	Property Plant And Equipment Transfers And Changes PropertyPlantAndEquipmentTransfersAndChanges	8953000	usd
	us-gaap	Property Plant And Equipment Transfers And Changes PropertyPlantAndEquipmentTransfersAndChanges	6639000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	71000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	0	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	309000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	7069000	usd
	us-gaap	Interest Paid Net InterestPaidNet	1493000	usd
	us-gaap	Interest Paid Net InterestPaidNet	1541000	usd
	us-gaap	Nature Of Operations NatureOfOperations	Nature of Operations <div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="background-color:#ffffff;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;text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company is a manufacturer and distributor of single-use disposable products used in a variety of restaurant and foodservice settings. The Company supplies a wide range of products such as food containers, tableware, cups, lids, cutlery, and straws. The products are available in plastic, paper, biopolymer-based and other compostable forms. In addition to manufacturing and distribution, the Company offers customized solutions to customers, including new product development, design, printing, and logistics services, and distributes certain specialty food and beverages products, such as boba and coffee drinks. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company supplies products to national and regional distributors, supermarkets, restaurants, and convenience stores as well as to smaller chains and businesses including boutique coffee houses, bubble tea cafes, pizza parlors and frozen yogurt shops.</span></div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company currently operates manufacturing facilities and distribution and fulfillment centers in Chino, California; Rockwall, Texas and Kapolei, Hawaii. In addition, the Company operates seven other distribution centers located in Sumner, Washington; Summerville, South Carolina; Branchburg, New Jersey; Kapolei, Hawaii; City of Industry, California, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Aurora, Illinois; and Sugar Land, Texas</span>.
	krt	Number Of Other Distribution Centers Operated By Entity NumberOfOtherDistributionCentersOperatedByEntity	7	distribution_center
CY2022Q4	us-gaap	Goodwill Goodwill	3510000	usd
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	usd
CY2023Q3	us-gaap	Goodwill Goodwill	3510000	usd
CY2023Q3	us-gaap	Inventory Raw Materials InventoryRawMaterials	9427000	usd
CY2022Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	18061000	usd
CY2023Q3	krt	Inventory Semi Finished Goods InventorySemiFinishedGoods	2413000	usd
CY2022Q4	krt	Inventory Semi Finished Goods InventorySemiFinishedGoods	1850000	usd
CY2023Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	60539000	usd
CY2022Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	52044000	usd
CY2023Q3	us-gaap	Inventory Gross InventoryGross	72379000	usd
CY2022Q4	us-gaap	Inventory Gross InventoryGross	71955000	usd
CY2023Q3	us-gaap	Inventory Adjustments InventoryAdjustments	722000	usd
CY2022Q4	us-gaap	Inventory Adjustments InventoryAdjustments	749000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	71657000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	71206000	usd
CY2023Q3	krt	Write Off Of Inventory WriteOffOfInventory	281000	usd
	krt	Write Off Of Inventory WriteOffOfInventory	3225000	usd
	krt	Write Off Of Inventory WriteOffOfInventory	0	usd
CY2022Q3	krt	Write Off Of Inventory WriteOffOfInventory	0	usd
CY2023Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	148846000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	146137000	usd
CY2023Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	52156000	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	50569000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	96690000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	95568000	usd
CY2023Q3	us-gaap	Depreciation Depreciation	2701000	usd
CY2022Q3	us-gaap	Depreciation Depreciation	2597000	usd
	us-gaap	Depreciation Depreciation	8038000	usd
	us-gaap	Depreciation Depreciation	7732000	usd
CY2023Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	2368000	usd
CY2022Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	1646000	usd
CY2023Q3	us-gaap	Interest Payable Current InterestPayableCurrent	73000	usd
CY2022Q4	us-gaap	Interest Payable Current InterestPayableCurrent	108000	usd
CY2023Q3	us-gaap	Accrued Payroll Taxes Current AccruedPayrollTaxesCurrent	1180000	usd
CY2022Q4	us-gaap	Accrued Payroll Taxes Current AccruedPayrollTaxesCurrent	1586000	usd
CY2023Q3	us-gaap	Accrued Vacation Current AccruedVacationCurrent	834000	usd
CY2022Q4	us-gaap	Accrued Vacation Current AccruedVacationCurrent	543000	usd
CY2023Q3	krt	Accrued Shipping Expenses Current AccruedShippingExpensesCurrent	1478000	usd
CY2022Q4	krt	Accrued Shipping Expenses Current AccruedShippingExpensesCurrent	1918000	usd
CY2023Q3	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	499000	usd
CY2022Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	600000	usd
CY2023Q3	krt	Accrued Property Taxes Current AccruedPropertyTaxesCurrent	876000	usd
CY2022Q4	krt	Accrued Property Taxes Current AccruedPropertyTaxesCurrent	1164000	usd
CY2023Q3	krt	Accrued Sale Taxes And Used Taxes AccruedSaleTaxesAndUsedTaxes	1021000	usd
CY2022Q4	krt	Accrued Sale Taxes And Used Taxes AccruedSaleTaxesAndUsedTaxes	992000	usd
CY2023Q3	krt	Accrued Sales Discount Current AccruedSalesDiscountCurrent	529000	usd
CY2022Q4	krt	Accrued Sales Discount Current AccruedSalesDiscountCurrent	448000	usd
CY2023Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	26622000	usd
CY2023Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	49998000	usd
CY2019Q1	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	2000000	shares
CY2023Q3	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	1334017	shares
CY2023Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	250000	usd
CY2022Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	598000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	743000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1774000	usd
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	420000	shares
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	18.6
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P8Y9M18D
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	0	usd
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	5800	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	17.7
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	10000	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	18.9
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	404200	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	18.6
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P8Y1M6D
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	1807000	usd
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	404200	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	18.6
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P8Y1M6D
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	1807000	usd
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	130867	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	18.6
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P8Y1M6D
CY2023Q3	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	581000	usd
CY2023Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	282000	usd
CY2023Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions	39000	usd
	us-gaap	Net Income Loss NetIncomeLoss	28572000	usd
	us-gaap	Net Income Loss NetIncomeLoss	19107000	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19888000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19809000	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.44
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.96
	us-gaap	Net Income Loss NetIncomeLoss	28572000	usd
	us-gaap	Net Income Loss NetIncomeLoss	19107000	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19888000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	75000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	113000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19963000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	19922000	shares
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.43
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.96
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	285000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	452000	shares
	us-gaap	Operating Lease Cost OperatingLeaseCost	4454000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	3256000	usd
	us-gaap	Short Term Lease Cost ShortTermLeaseCost	143000	usd
	us-gaap	Short Term Lease Cost ShortTermLeaseCost	14000	usd
	us-gaap	Variable Lease Cost VariableLeaseCost	750000	usd
	us-gaap	Variable Lease Cost VariableLeaseCost	501000	usd
	us-gaap	Lease Cost LeaseCost	5347000	usd
	us-gaap	Lease Cost LeaseCost	3771000	usd
CY2023Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y4M28D
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y3M7D
CY2023Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.058
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.053
	us-gaap	Operating Lease Payments OperatingLeasePayments	4129000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	3120000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	1544000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	5254000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	3928000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	4044000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	2711000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	2885000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	20366000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	2573000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	17793000	usd
CY2023Q3	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	185000	usd
CY2023Q3	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	739000	usd
CY2023Q3	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	616000	usd
CY2023Q3	krt	Loss On Disposal Of Machinery In Scaling Back Manufacturing LossOnDisposalOfMachineryInScalingBackManufacturing	-310000	usd
CY2022Q3	krt	Loss On Disposal Of Machinery In Scaling Back Manufacturing LossOnDisposalOfMachineryInScalingBackManufacturing	0	usd
	krt	Loss On Disposal Of Machinery In Scaling Back Manufacturing LossOnDisposalOfMachineryInScalingBackManufacturing	1612000	usd
	krt	Loss On Disposal Of Machinery In Scaling Back Manufacturing LossOnDisposalOfMachineryInScalingBackManufacturing	0	usd
CY2023Q3	krt	Loss Gain On Disposal Of Fixed Assets Within Normal Course Of Business LossGainOnDisposalOfFixedAssetsWithinNormalCourseOfBusiness	0	usd
CY2022Q3	krt	Loss Gain On Disposal Of Fixed Assets Within Normal Course Of Business LossGainOnDisposalOfFixedAssetsWithinNormalCourseOfBusiness	-16000	usd
	krt	Loss Gain On Disposal Of Fixed Assets Within Normal Course Of Business LossGainOnDisposalOfFixedAssetsWithinNormalCourseOfBusiness	96000	usd
	krt	Loss Gain On Disposal Of Fixed Assets Within Normal Course Of Business LossGainOnDisposalOfFixedAssetsWithinNormalCourseOfBusiness	-33000	usd
CY2023Q3	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	310000	usd
CY2022Q3	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	16000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-1708000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	33000	usd
CY2023Q3	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	0	usd
CY2022Q3	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	0	usd
	krt	Impairment Expense And Loss Gain On Disposal Of Machinery ImpairmentExpenseAndLossGainOnDisposalOfMachinery	2231000	usd
	krt	Impairment Expense And Loss Gain On Disposal Of Machinery ImpairmentExpenseAndLossGainOnDisposalOfMachinery	-33000	usd
CY2018Q3	krt	Number Of Exercised Convertible Notes NumberOfExercisedConvertibleNotes	2	convertible_note
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2904000	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1900000	usd
CY2023Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.241
CY2022Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.236
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9045000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6323000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.238
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.229
CY2023Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	0	usd
CY2023Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2022Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2023Q3	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	453000	usd

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$KRT
Karat Packaging Inc. Stock $krt

2023 Q4 Form 10-Q Financial Statement

#000162828023038270 Filed on November 09, 2023

Income Statement

Balance Sheet

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$KRT Karat Packaging Inc. Stock $krt

2023 Q4 Form 10-Q Financial Statement

#000162828023038270 Filed on November 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KRT
Karat Packaging Inc. Stock $krt