10-Q Filing

Karat Packaging Inc. CIK: 1758021 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-23-038270`
Period End Date	20230930
Filing Date	20231109
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	krt-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 118 Income Statement 112 Cash Flow Statement 150 Stockholders Equity 51

Balance Sheet 118 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.04M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$18.06M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Allowance for bad debt	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.26M	USD	Point-in-time
Allowance for bad debt	`AllowanceForDoubtfulAccountsReceivableCurrent`	$430.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.82M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$96.69M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.57M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$818.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.00M	USD	Point-in-time
Cash and cash equivalents (including $7,770 and $2,022 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`CashAndCashEquivalentsAtCarryingValue`	$28.16M	USD	Point-in-time
Cash and cash equivalents (including $7,770 and $2,022 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`CashAndCashEquivalentsAtCarryingValue`	$16.04M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$9.01M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.86M	USD	Point-in-time
Short-term investments (including $8,000 and $0 associated with variable interest entity at September 30, 2023, and December 31, 2022, respectively)	`ShortTermInvestments`	$18.06M	USD	Point-in-time
Short-term investments (including $8,000 and $0 associated with variable interest entity at September 30, 2023, and December 31, 2022, respectively)	`ShortTermInvestments`	-	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$1.28M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $430 and $1,260 at September 30, 2023 and December 31, 2022, respectively (including $0 and $6 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`AccountsReceivableNetCurrent`	$33.98M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $430 and $1,260 at September 30, 2023 and December 31, 2022, respectively (including $0 and $6 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`AccountsReceivableNetCurrent`	$29.91M	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$803.00K	USD	Point-in-time
Inventories	`InventoryNet`	$71.21M	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$957.00K	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$1.11M	USD	Point-in-time
Inventories	`InventoryNet`	$71.66M	USD	Point-in-time
Long-term debt, net of current portion and debt discount	`LongTermDebtNoncurrent`	$219.00K	USD	Point-in-time
Long-term debt, net of current portion and debt discount	`LongTermDebtNoncurrent`	$216.00K	USD	Point-in-time
Prepaid expenses and other current assets (including $25 and $191 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$6.82M	USD	Point-in-time
Prepaid expenses and other current assets (including $25 and $191 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$6.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$123.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$158.69M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.82M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net (including $44,489 and $45,399 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`PropertyPlantAndEquipmentNet`	$96.69M	USD	Point-in-time
Property and equipment, net (including $44,489 and $45,399 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`PropertyPlantAndEquipmentNet`	$95.57M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$12.41M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$1.67M	USD	Point-in-time
Goodwill	`Goodwill`	$3.51M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$3.51M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$353.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$333.00K	USD	Point-in-time
Operating right-of-use assets	`OperatingLeaseRightOfUseAsset`	$15.71M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Operating right-of-use assets	`OperatingLeaseRightOfUseAsset`	$17.07M	USD	Point-in-time
Other assets (including $55 and $38 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`OtherAssetsNoncurrent`	$818.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other assets (including $55 and $38 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`OtherAssetsNoncurrent`	$2.00M	USD	Point-in-time
Total assets	`Assets`	$252.18M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.91M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.92M	shares	Point-in-time
Total assets	`Assets`	$279.96M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.89M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.89M	shares	Point-in-time
Treasury stock, par value (in dollars per share)	`TreasuryStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Treasury stock, par value (in dollars per share)	`TreasuryStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time
Accrued expenses (including $461 and $625 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`AccruedLiabilitiesCurrent`	$9.01M	USD	Point-in-time
Accrued expenses (including $461 and $625 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`AccruedLiabilitiesCurrent`	$8.86M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.01M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Customer deposits (including $116 and $165 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`ContractWithCustomerLiabilityCurrent`	$1.28M	USD	Point-in-time
Customer deposits (including $116 and $165 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`ContractWithCustomerLiabilityCurrent`	$803.00K	USD	Point-in-time
Long-term debt, current portion (including $1,111 and $957 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`LongTermDebtCurrent`	$957.00K	USD	Point-in-time
Long-term debt, current portion (including $1,111 and $957 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`LongTermDebtCurrent`	$1.11M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$4.51M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$4.93M	USD	Point-in-time
Other payables	`OtherNotesPayable`	$49.00K	USD	Point-in-time
Other payables	`OtherNotesPayable`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.25M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$5.16M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$5.16M	USD	Point-in-time
Long-term debt, net of current portion and debt discount of $219 and $216 at September 30, 2023 and December 31, 2022, respectively (including $48,668 and $41,558 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively, and debt discount of $219 and $216 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`LongTermDebtExcludingLongTermLineOfCreditNoncurrent`	$41.56M	USD	Point-in-time
Long-term debt, net of current portion and debt discount of $219 and $216 at September 30, 2023 and December 31, 2022, respectively (including $48,668 and $41,558 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively, and debt discount of $219 and $216 associated with variable interest entity at September 30, 2023 and December 31, 2022, respectively)	`LongTermDebtExcludingLongTermLineOfCreditNoncurrent`	$48.67M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$12.87M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$11.62M	USD	Point-in-time
Other liabilities (including $1,302 associated with variable interest entity at both September 30, 2023 and December 31, 2022)	`OtherLiabilitiesNoncurrent`	$2.65M	USD	Point-in-time
Other liabilities (including $1,302 associated with variable interest entity at both September 30, 2023 and December 31, 2022)	`OtherLiabilitiesNoncurrent`	$2.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$100.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$115.21M	USD	Point-in-time
Commitments and Contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding, at both September 30, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding, at both September 30, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,916,839 and 19,893,839 shares issued and outstanding, respectively, as of September 30, 2023 and 19,908,005 and 19,885,005 shares issued and outstanding, respectively, as of December 31, 2022	`CommonStockValue`	$20.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,916,839 and 19,893,839 shares issued and outstanding, respectively, as of September 30, 2023 and 19,908,005 and 19,885,005 shares issued and outstanding, respectively, as of December 31, 2022	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$86.62M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$85.79M	USD	Point-in-time
Treasury stock, $0.001 par value, 23,000 shares at both September 30, 2023 and December 31, 2022	`TreasuryStockCommonValue`	$248.00K	USD	Point-in-time
Treasury stock, $0.001 par value, 23,000 shares at both September 30, 2023 and December 31, 2022	`TreasuryStockCommonValue`	$248.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$56.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$67.77M	USD	Point-in-time
Total Karat Packaging Inc. stockholders equity	`StockholdersEquity`	$141.68M	USD	Point-in-time
Total Karat Packaging Inc. stockholders equity	`StockholdersEquity`	$154.16M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$10.25M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$10.59M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.03M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$154.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$140.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$161.38M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$147.52M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$151.93M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$165.31M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$164.75M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$252.18M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$279.96M	USD	Point-in-time

Income Statement 112 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$105.53M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$330.29M	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$310.07M	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$110.00M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$227.87M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$66.58M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$191.12M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$75.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$118.95M	USD	3 Qtrs
Gross profit	`GrossProfit`	$34.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$38.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$102.42M	USD	3 Qtrs
Selling expense	`SellingExpense`	$8.00M	USD	1 Quarter
Selling expense	`SellingExpense`	$9.41M	USD	1 Quarter
Selling expense	`SellingExpense`	$28.22M	USD	3 Qtrs
Selling expense	`SellingExpense`	$25.50M	USD	3 Qtrs
General and administrative expense (including $702 and $665 associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; $2,020 and $1,899 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`GeneralAndAdministrativeExpense`	$49.03M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$49.03M	USD	3 Qtrs
General and administrative expense (including $702 and $665 associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; $2,020 and $1,899 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`GeneralAndAdministrativeExpense`	$19.87M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$19.87M	USD	1 Quarter
General and administrative expense (including $702 and $665 associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; $2,020 and $1,899 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`GeneralAndAdministrativeExpense`	$16.86M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$16.86M	USD	1 Quarter
General and administrative expense (including $702 and $665 associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; $2,020 and $1,899 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`GeneralAndAdministrativeExpense`	$53.77M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$53.77M	USD	3 Qtrs
Rental income	`RentalIncomeNonoperating`	$239.00K	USD	1 Quarter
Rental income	`RentalIncomeNonoperating`	$781.00K	USD	3 Qtrs
Impairment expense and (gain) loss, net, on disposal of machinery	`ImpairmentExpenseAndLossGainOnDisposalOfMachinery`	$-33.00K	USD	3 Qtrs
Impairment expense and (gain) loss, net, on disposal of machinery	`ImpairmentExpenseAndLossGainOnDisposalOfMachinery`	$-310.00K	USD	1 Quarter
Impairment expense and (gain) loss, net, on disposal of machinery	`ImpairmentExpenseAndLossGainOnDisposalOfMachinery`	$-16.00K	USD	1 Quarter
Impairment expense and (gain) loss, net, on disposal of machinery	`ImpairmentExpenseAndLossGainOnDisposalOfMachinery`	$2.23M	USD	3 Qtrs
Rental income	`RentalIncomeNonoperating`	$715.00K	USD	3 Qtrs
Rental income	`RentalIncomeNonoperating`	$259.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$26.26M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.16M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$81.50M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$454.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.04M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$77.22M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$27.56M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.52M	USD	3 Qtrs
Interest expense	`InterestExpense`	$536.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.91M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.58M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$37.45M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$11.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$493.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$25.20M	USD	3 Qtrs
Rental income (including $235 and $239 associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $721 and $715 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`RentalIncomeNonoperating`	$239.00K	USD	1 Quarter
Rental income (including $235 and $239 associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $721 and $715 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`RentalIncomeNonoperating`	$781.00K	USD	3 Qtrs
Rental income (including $235 and $239 associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $721 and $715 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`RentalIncomeNonoperating`	$715.00K	USD	3 Qtrs
Rental income (including $235 and $239 associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $721 and $715 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`RentalIncomeNonoperating`	$259.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$28.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-58.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$32.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-235.00K	USD	3 Qtrs
Gain on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$455.00K	USD	1 Quarter
Gain on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$350.00K	USD	3 Qtrs
Gain on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.35M	USD	3 Qtrs
Gain on foreign currency transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$369.00K	USD	1 Quarter
Interest income (including $80 and $0 interest income associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $278 and $2,160 interest income associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`InvestmentIncomeInterest`	$2.16M	USD	3 Qtrs
Interest income (including $80 and $0 interest income associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $278 and $2,160 interest income associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`InvestmentIncomeInterest`	$454.00K	USD	1 Quarter
Interest income (including $80 and $0 interest income associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $278 and $2,160 interest income associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`InvestmentIncomeInterest`	$1.04M	USD	3 Qtrs
Interest income (including $80 and $0 interest income associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $278 and $2,160 interest income associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest expense (including $528 and $470 interest expense associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $1,499 and $1,379 interest expense associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`InterestExpense`	$1.52M	USD	3 Qtrs
Interest expense (including $528 and $470 interest expense associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $1,499 and $1,379 interest expense associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`InterestExpense`	$536.00K	USD	1 Quarter
Interest expense (including $528 and $470 interest expense associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $1,499 and $1,379 interest expense associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`InterestExpense`	$1.58M	USD	3 Qtrs
Interest expense (including $528 and $470 interest expense associated with variable interest entity for the three months ended September 30, 2023 and 2022, respectively; and $1,499 and $1,379 interest expense associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`InterestExpense`	$493.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$597.00K	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$664.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$143.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$2.42M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$38.05M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.62M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.04M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.05M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.32M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.04M	USD	3 Qtrs
Net income	`ProfitLoss`	$10.68M	USD	1 Quarter
Net income	`ProfitLoss`	$6.15M	USD	1 Quarter
Net income	`ProfitLoss`	$29.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$7.94M	USD	1 Quarter
Net income	`ProfitLoss`	$7.20M	USD	1 Quarter
Net income	`ProfitLoss`	$21.30M	USD	3 Qtrs
Net income	`ProfitLoss`	$9.19M	USD	1 Quarter
Net income	`ProfitLoss`	$9.14M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$57.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$75.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$431.00K	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.19M	USD	3 Qtrs
Net income attributable to Karat Packaging Inc.	`NetIncomeLoss`	$6.10M	USD	1 Quarter
Net income attributable to Karat Packaging Inc.	`NetIncomeLoss`	$28.57M	USD	3 Qtrs
Net income attributable to Karat Packaging Inc.	`NetIncomeLoss`	$9.06M	USD	1 Quarter
Net income attributable to Karat Packaging Inc.	`NetIncomeLoss`	$19.11M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.44	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.96	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.96	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.43	USD	3 Qtrs
Weighted average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.89M	shares	3 Qtrs
Weighted average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.89M	shares	1 Quarter
Weighted average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.81M	shares	3 Qtrs
Weighted average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.81M	shares	1 Quarter
Weighted average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.96M	shares	3 Qtrs
Weighted average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.92M	shares	3 Qtrs
Weighted average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.99M	shares	1 Quarter
Weighted average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.94M	shares	1 Quarter

Cash Flow Statement 150 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$10.68M	USD	1 Quarter
Net income	`ProfitLoss`	$6.15M	USD	1 Quarter
Net income	`ProfitLoss`	$29.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$7.94M	USD	1 Quarter
Net income	`ProfitLoss`	$7.20M	USD	1 Quarter
Net income	`ProfitLoss`	$21.30M	USD	3 Qtrs
Net income	`ProfitLoss`	$9.19M	USD	1 Quarter
Net income	`ProfitLoss`	$9.14M	USD	1 Quarter
Depreciation and amortization (including $910 associated with variable interest entity for both the nine months ended September 30, 2023 and 2022)	`DepreciationDepletionAndAmortization`	$7.75M	USD	3 Qtrs
Depreciation and amortization (including $910 associated with variable interest entity for both the nine months ended September 30, 2023 and 2022)	`DepreciationDepletionAndAmortization`	$8.06M	USD	3 Qtrs
Adjustments to allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-673.00K	USD	3 Qtrs
Adjustments to allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.11M	USD	3 Qtrs
Adjustments to inventory reserve	`InventoryWriteDown`	$441.00K	USD	3 Qtrs
Adjustments to inventory reserve	`InventoryWriteDown`	$-27.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.75M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.06M	USD	3 Qtrs
Write-off of inventory	`WriteOffOfInventory`	$281.00K	USD	1 Quarter
Write-off of inventory	`WriteOffOfInventory`	-	USD	1 Quarter
Write-off of inventory	`WriteOffOfInventory`	$3.23M	USD	3 Qtrs
Change in fair value of interest rate swap	`DerivativeGainLossOnDerivativeNet`	$2.16M	USD	3 Qtrs
Write-off of inventory	`WriteOffOfInventory`	-	USD	3 Qtrs
Change in fair value of interest rate swap	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Impairment of deposits	`ImpairmentOfDeposits`	$523.00K	USD	3 Qtrs
Impairment of deposits	`ImpairmentOfDeposits`	-	USD	3 Qtrs
Amortization of loan fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-57.00K	USD	3 Qtrs
Amortization of loan fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-28.00K	USD	3 Qtrs
Loss (gain), net, on disposal of machinery and equipment	`GainLossOnDispositionOfAssets1`	$-1.71M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.40M	USD	3 Qtrs
Loss (gain), net, on disposal of machinery and equipment	`GainLossOnDispositionOfAssets1`	$33.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.07M	USD	3 Qtrs
Loss (gain), net, on disposal of machinery and equipment	`GainLossOnDispositionOfAssets1`	$16.00K	USD	1 Quarter
Loss (gain), net, on disposal of machinery and equipment	`GainLossOnDispositionOfAssets1`	$310.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.26M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-431.00K	USD	3 Qtrs
Change in fair value of interest rate swap (including $0 and $2,159 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`DerivativeGainLossOnDerivativeNet`	$2.16M	USD	3 Qtrs
Change in fair value of interest rate swap (including $0 and $2,159 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$75.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$43.00K	USD	3 Qtrs
Amortization of loan fees (including $41 and $28 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`AmortizationOfDeferredLoanOriginationFeesNet`	$-57.00K	USD	3 Qtrs
Amortization of loan fees (including $41 and $28 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`AmortizationOfDeferredLoanOriginationFeesNet`	$-28.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.70M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$459.00K	USD	3 Qtrs
Accrued interest on certificates of deposit	`AccruedInterest`	-	USD	3 Qtrs
Accrued interest on certificates of deposit	`AccruedInterest`	$63.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.77M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.13M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$743.00K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-147.00K	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$-29.00K	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$-478.00K	USD	3 Qtrs
Amortization of operating right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$3.62M	USD	3 Qtrs
Amortization of operating right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$2.90M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$150.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$172.00K	USD	3 Qtrs
Accounts receivable (including $6 and $21 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInAccountsReceivable`	$3.40M	USD	3 Qtrs
Accounts receivable (including $6 and $21 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInAccountsReceivable`	$5.07M	USD	3 Qtrs
Proceeds from settlement of interest rate swap	`ProceedsFromSettlementOfInterestRateSwap`	-	USD	3 Qtrs
Proceeds from settlement of interest rate swap	`ProceedsFromSettlementOfInterestRateSwap`	$825.00K	USD	3 Qtrs
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	-	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$15.26M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.65M	USD	3 Qtrs
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	$28.00M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit`	$27.48M	USD	3 Qtrs
Prepaid expenses and other current assets (including $22 and $396 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.26M	USD	3 Qtrs
Prepaid expenses and other current assets (including $22 and $396 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-431.00K	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit`	$8.00M	USD	3 Qtrs
Other assets (including $34 and $458 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInOtherOperatingAssets`	$75.00K	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$21.34M	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$733.00K	USD	3 Qtrs
Other assets (including $34 and $458 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInOtherOperatingAssets`	$43.00K	USD	3 Qtrs
Payments of noncontrolling interest tax withholding associated with variable interest entity	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Payments of noncontrolling interest tax withholding associated with variable interest entity	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.06M	USD	3 Qtrs
Accounts payable (including $57 and $470 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInAccountsPayable`	$1.70M	USD	3 Qtrs
Accounts payable (including $57 and $470 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInAccountsPayable`	$459.00K	USD	3 Qtrs
Accrued expenses (including $163 and $414 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInAccruedLiabilities`	$1.13M	USD	3 Qtrs
Accrued expenses (including $163 and $414 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInAccruedLiabilities`	$-147.00K	USD	3 Qtrs
Related party payable	`IncreaseDecreaseInDueToRelatedParties`	$2.85M	USD	3 Qtrs
Related party payable	`IncreaseDecreaseInDueToRelatedParties`	$-2.38M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$8.01M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$111.00K	USD	3 Qtrs
Customer deposits (including $49 and $156 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInContractWithCustomerLiability`	$-29.00K	USD	3 Qtrs
Customer deposits (including $49 and $156 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInContractWithCustomerLiability`	$-478.00K	USD	3 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.90M	USD	3 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-3.31M	USD	3 Qtrs
Other liabilities (including $0 and $1 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInOtherOperatingLiabilities`	$150.00K	USD	3 Qtrs
Other liabilities (including $0 and $1 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`IncreaseDecreaseInOtherOperatingLiabilities`	$172.00K	USD	3 Qtrs
Other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$242.00K	USD	3 Qtrs
Other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$49.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.09M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.50M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.01M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.87M	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$605.00K	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$76.00K	USD	3 Qtrs
Payments for costs incurred from sale of machinery and equipment	`PaymentsForCostsIncurredFromSaleOfMachineryAndEquipment`	$189.00K	USD	3 Qtrs
Payments for costs incurred from sale of machinery and equipment	`PaymentsForCostsIncurredFromSaleOfMachineryAndEquipment`	-	USD	3 Qtrs
Deposits paid for joint venture investment	`PaymentsToAcquireInterestInJointVenture`	$2.90M	USD	3 Qtrs
Deposits paid for joint venture investment	`PaymentsToAcquireInterestInJointVenture`	$4.00M	USD	3 Qtrs
Deposits refunded from joint venture investment	`ProceedsFromDepositsRefundedFromJointVentureInvestment`	$6.90M	USD	3 Qtrs
Deposits refunded from joint venture investment	`ProceedsFromDepositsRefundedFromJointVentureInvestment`	-	USD	3 Qtrs
Deposit refund from cancelled property and equipment purchase	`DepositRefundFromCancelledPropertyAndEquipmentPurchase`	-	USD	3 Qtrs
Deposit refund from cancelled property and equipment purchase	`DepositRefundFromCancelledPropertyAndEquipmentPurchase`	$503.00K	USD	3 Qtrs
Deposits paid for property and equipment	`PaymentsForDepositsForPropertyPlantAndEquipment`	$11.47M	USD	3 Qtrs
Deposits paid for property and equipment	`PaymentsForDepositsForPropertyPlantAndEquipment`	$5.39M	USD	3 Qtrs
Proceeds from settlement of interest rate swap (including $0 and $825 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`ProceedsFromSettlementOfInterestRateSwap`	-	USD	3 Qtrs
Proceeds from settlement of interest rate swap (including $0 and $825 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`ProceedsFromSettlementOfInterestRateSwap`	$825.00K	USD	3 Qtrs
Purchase of short-term investments (including $8,000 and $0 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`PaymentsToAcquireShortTermInvestments`	-	USD	3 Qtrs
Purchase of short-term investments (including $8,000 and $0 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`PaymentsToAcquireShortTermInvestments`	$28.00M	USD	3 Qtrs
Redemption of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	-	USD	3 Qtrs
Redemption of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$10.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.58M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.34M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$21.10M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$21.10M	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Proceeds from long-term debt (including $8,000 and $27,477 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit`	$27.48M	USD	3 Qtrs
Proceeds from long-term debt (including $8,000 and $27,477 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`ProceedsFromIssuanceOfLongTermDebtExcludingProceedsFromLongTermLineOfCredit`	$8.00M	USD	3 Qtrs
Payments for lender fees	`PaymentsForLenderFees`	$61.00K	USD	3 Qtrs
Payments for lender fees	`PaymentsForLenderFees`	-	USD	3 Qtrs
Payments on long-term debt (including $733 and $21,338 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`RepaymentsOfLongTermDebt`	$21.34M	USD	3 Qtrs
Payments on long-term debt (including $733 and $21,338 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`RepaymentsOfLongTermDebt`	$733.00K	USD	3 Qtrs
Tax withholding on vesting of restricted stock units	`PaymentTaxWithholdingShareBasedPaymentArrangementRestrictedStockUnits`	-	USD	3 Qtrs
Tax withholding on vesting of restricted stock units	`PaymentTaxWithholdingShareBasedPaymentArrangementRestrictedStockUnits`	$18.00K	USD	3 Qtrs
Proceeds from exercise of common stock options	`ProceedsFromStockOptionsExercised`	$103.00K	USD	3 Qtrs
Proceeds from exercise of common stock options	`ProceedsFromStockOptionsExercised`	$51.00K	USD	3 Qtrs
Dividends paid to shareholders	`PaymentsOfDividends`	$16.92M	USD	3 Qtrs
Dividends paid to shareholders	`PaymentsOfDividends`	-	USD	3 Qtrs
Payments of noncontrolling interest tax withholding (including $0 and $1,064 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Payments of noncontrolling interest tax withholding (including $0 and $1,064 associated with variable interest entity for the nine months ended September 30, 2023 and 2022, respectively)	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.06M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.13M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.63M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$12.12M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.05M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.16M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.04M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.48M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.53M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.16M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.04M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.48M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.53M	USD	Point-in-time
Transfers from deposit to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$8.95M	USD	3 Qtrs
Transfers from deposit to property and equipment	`PropertyPlantAndEquipmentTransfersAndChanges`	$6.64M	USD	3 Qtrs
Non-cash purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$71.00K	USD	3 Qtrs
Non-cash purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	3 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$309.00K	USD	3 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$7.07M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.49M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.54M	USD	3 Qtrs

Stockholders Equity 51 line items

Line Item	Tag	Value	Unit	Period
Dividends paid to stockholders (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.50	USD	1 Quarter
Dividends paid to stockholders (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.35	USD	1 Quarter
Balance at the beginning of period (in shares)	`CommonStockSharesOutstanding`	19.89M	shares	Point-in-time
Balance at the beginning of period (in shares)	`CommonStockSharesOutstanding`	19.89M	shares	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.03M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$154.08M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$140.24M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$161.38M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$147.52M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$151.93M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$165.31M	USD	Point-in-time
Balance at the beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$164.75M	USD	Point-in-time
Treasury stock, balance at the beginning of period (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time
Treasury stock, balance at the beginning of period (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time
Cash dividends declared	`DividendsCash`	$9.95M	USD	1 Quarter
Cash dividends declared	`DividendsCash`	$6.96M	USD	1 Quarter
Issuance of common stock upon vesting of? restricted stock units, net shares withheld to? cover taxes	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-14.00K	USD	1 Quarter
Issuance of common stock upon vesting of? restricted stock units, net shares withheld to? cover taxes	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-4.00K	USD	1 Quarter
Issuance of common stock upon vesting of? restricted stock units, net shares withheld to? cover taxes	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$598.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$277.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$-190.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$250.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$565.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$216.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$611.00K	USD	1 Quarter
Exercise of common stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	5,800.00	shares	3 Qtrs
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$51.00K	USD	1 Quarter
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$103.00K	USD	1 Quarter
Noncontrolling interest tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$487.00K	USD	1 Quarter
Noncontrolling interest tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$387.00K	USD	1 Quarter
Noncontrolling interest tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$94.00K	USD	1 Quarter
Net income	`ProfitLoss`	$10.68M	USD	1 Quarter
Net income	`ProfitLoss`	$6.15M	USD	1 Quarter
Net income	`ProfitLoss`	$29.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$7.94M	USD	1 Quarter
Net income	`ProfitLoss`	$7.20M	USD	1 Quarter
Net income	`ProfitLoss`	$21.30M	USD	3 Qtrs
Net income	`ProfitLoss`	$9.19M	USD	1 Quarter
Net income	`ProfitLoss`	$9.14M	USD	1 Quarter
Balance at the end of period (in shares)	`CommonStockSharesOutstanding`	19.89M	shares	Point-in-time
Balance at the end of period (in shares)	`CommonStockSharesOutstanding`	19.89M	shares	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.03M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$154.08M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$140.24M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$161.38M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$147.52M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$151.93M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$165.31M	USD	Point-in-time
Balance at the end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$164.75M	USD	Point-in-time
Treasury stock, balance at the end of period (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time
Treasury stock, balance at the end of period (in shares)	`TreasuryStockCommonShares`	23,000.00	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.