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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Schedule of earnings per share | Basic earnings per share is calculated by dividing the net income attributable to equity holders of the Company for the year by the weighted average number of common shares outstanding during the period.
| Year Ended December 31,
| 2022 |  | 2021
| (in thousands, except per share data)
Net income attributable to Karat Packaging Inc. | $ | 23,648 |  |  | $ | 20,778 |
Weighted average shares | 19,825 |  |  | 18,409 |
Basic earnings per share | $ | 1.19 |  |  | $ | 1.13 |
The following table summarizes the calculation of diluted earnings per share:
| Year Ended December 31,
| 2022 |  | 2021
| (in thousands, except per share data)
Net income attributable to Karat Packaging Inc. | $ | 23,648 |  |  | $ | 20,778 |
Weighted average shares | 19,825 |  |  | 18,409 |
Dilutive shares |  |  |
Stock options and restricted stock units | 101 |  |  | 157 |
Total dilutive shares | 19,926 |  |  | 18,566 |
Diluted earnings per share | $ | 1.19 |  |  | $ | 1.12 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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