7Baggers

Karat Packaging Inc
(NASDAQ:KRT) 

KRT stock logo

Karat Packaging Inc. manufactures and distributes disposable products. The Company offers wide range of products for the foodservice industry, including food packaging, containers, tableware, cups, lids, cutlery, and straws. Karat Packaging serves customers worldwide.

Founded: 2000
Sector:
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At a glance:
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Income Statements:
Quarterly
Annual
    Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
                        
      net sales
    		115,617,000 124,516,000 123,986,000 103,624,000 101,649,000 112,771,000 112,600,000 95,613,000 95,582,000 105,528,000 108,740,000 95,801,000 92,667,000 109,996,000 114,881,000 105,413,000 91,334,000 102,711,000 94,526,000 75,673,000 
      yoy
    		13.74% 10.41% 10.11% 8.38% 6.35% 6.86% 3.55% -0.20% 3.15% -4.06% -5.35% -9.12% 1.46% 7.09% 21.53% 39.30%     
      qoq
    		-7.15% 0.43% 19.65% 1.94% -9.86% 0.15% 17.77% 0.03% -9.42% -2.95% 13.51% 3.38% -15.75% -4.25% 8.98% 15.41% -11.08% 8.66% 24.91%  
      cost of goods sold
    		76,268,000 81,598,000 74,879,000 62,862,000 61,826,000 69,274,000 69,193,000 58,011,000 61,488,000 66,584,000 66,879,000 57,657,000 63,002,000 75,828,000 80,917,000 71,124,000 63,024,000 72,918,000 66,428,000 54,047,000 
      gross profit
    		39,349,000 42,918,000 49,107,000 40,762,000 39,823,000 43,497,000 43,407,000 37,602,000 34,094,000 38,944,000 41,861,000 38,144,000 29,665,000 34,168,000 33,964,000 34,289,000 28,310,000 29,793,000 28,098,000 21,626,000 
      yoy
    		-1.19% -1.33% 13.13% 8.40% 16.80% 11.69% 3.69% -1.42% 14.93% 13.98% 23.25% 11.24% 4.79% 14.68% 20.88% 58.55%     
      qoq
    		-8.32% -12.60% 20.47% 2.36% -8.45% 0.21% 15.44% 10.29% -12.45% -6.97% 9.74% 28.58% -13.18% 0.60% -0.95% 21.12% -4.98% 6.03% 29.93%  
      gross margin %
    		34.03% 34.47% 39.61% 39.34% 39.18% 38.57% 38.55% 39.33% 35.67% 36.90% 38.50% 39.82% 32.01% 31.06% 29.56% 32.53% 31.00% 29.01% 29.73% 28.58% 
      operating expenses
    		                    
      selling expenses
    		11,919,000 13,798,000 13,716,000 14,411,000 13,909,000 13,746,000 13,868,000 10,763,000    8,701,000         
      general and administrative expenses
    		18,749,000 20,950,000 19,124,000 18,548,000 18,360,000 18,508,000 17,893,000 16,769,000    16,711,000         
      impairment expense and loss, net, on disposal of property and equipment
    		-175,750 -403,000 -283,000 -17,000                 
      total operating expenses
    		30,878,000 34,345,000 32,557,000 32,942,000 32,523,000 32,227,000 32,292,000 29,526,000 29,469,000 27,564,000 28,522,000 25,412,000 24,853,000 26,258,000 26,162,000 24,798,000 21,171,000 24,428,000 21,228,000 17,855,000 
      operating income
    		8,471,000 8,573,000 16,550,000 7,820,000 7,300,000 11,270,000 11,115,000 8,076,000 4,625,000 11,380,000 13,339,000 12,732,000 4,812,000 7,910,000 7,802,000 9,491,000 7,139,000 5,365,000 6,870,000 3,771,000 
      yoy
    		16.04% -23.93% 48.90% -3.17% 57.84% -0.97% -16.67% -36.57% -3.89% 43.87% 70.97% 34.15% -32.60% 47.44% 13.57% 151.68%     
      qoq
    		-1.19% -48.20% 111.64% 7.12% -35.23% 1.39% 37.63% 74.62% -59.36% -14.69% 4.77% 164.59% -39.17% 1.38% -17.80% 32.95% 33.07% -21.91% 82.18%  
      operating margin %
    		7.33% 6.89% 13.35% 7.55% 7.18% 9.99% 9.87% 8.45% 4.84% 10.78% 12.27% 13.29% 5.19% 7.19% 6.79% 9.00% 7.82% 5.22% 7.27% 4.98% 
      other income
    		44,000 67,000  44,000    55,000 -14,500 32,000 118,000  7,000 28,000 -181,000 -82,000 36,000 101,000 16,000 106,000 
      rental income
    		682,000 710,000 755,000 776,000 592,000 593,000 600,000 291,000 309,000 259,000 275,000 247,000 234,000 239,000 238,000 238,000 193,000 246,000 246,000 246,000 
      gain on foreign currency transactions
    		404,000 681,000 -2,867,000 239,000 368,000 -287,000 317,000 122,000 -247,000 455,000 322,000 -427,000 216,000 369,000 850,000 133,000     
      interest income
    		553,000 415,000 676,000 566,000 565,000 770,000 533,000 431,000 763,000 454,000 519,000 67,000 1,642,000 -493,000 237,000 840,000   -1,128,000 278,000 
      interest expense
    		-486,000 -539,000 -521,000 -509,000 -516,000 -535,000 -548,000 -524,000 -527,000 -536,000 -573,000 -407,000     -237,000 -308,000   
      total other income
    		1,197,000 1,334,000  1,116,000 1,017,000 589,000   311,000 664,000 661,000 -728,000 82,000 143,000 1,144,000 1,129,000 -73,000 -24,000 4,015,000 465,000 
      income before provision for income taxes
    		9,668,000 9,907,000 14,511,000 8,936,000 8,317,000 11,859,000 12,068,000 8,451,000 4,936,000 12,044,000 14,000,000 12,004,000 4,894,000 8,053,000 8,946,000 10,620,000     
      provision for income taxes
    		2,474,000 2,304,000 3,459,000 2,121,000 2,458,000 2,597,000 2,841,000 1,975,000 759,000 2,904,000 3,323,000 2,818,000 353,000 1,900,000 1,746,000 2,677,000     
      net income
    		7,194,000 7,603,000 11,052,000 6,815,000 5,859,000 9,262,000 9,227,000 6,476,000 4,177,000 9,140,000 10,677,000 9,186,000 4,541,000 6,153,000 7,200,000 7,943,000 5,978,000 4,073,000 9,338,000 3,050,000 
      yoy
    		22.79% -17.91% 19.78% 5.23% 40.27% 1.33% -13.58% -29.50% -8.02% 48.55% 48.29% 15.65% -24.04% 51.07% -22.90% 160.43%     
      qoq
    		-5.38% -31.21% 62.17% 16.32% -36.74% 0.38% 42.48% 55.04% -54.30% -14.40% 16.23% 102.29% -26.20% -14.54% -9.35% 32.87% 46.77% -56.38% 206.16%  
      net income margin %
    		6.22% 6.11% 8.91% 6.58% 5.76% 8.21% 8.19% 6.77% 4.37% 8.66% 9.82% 9.59% 4.90% 5.59% 6.27% 7.54% 6.55% 3.97% 9.88% 4.03% 
      net income attributable to noncontrolling interest
    		384,000 278,000 118,000 406,000 244,000 168,000 127,000 310,000 279,000 75,000 175,000 181,000  57,000 856,000 1,276,000 349,000 287,000 -245,000 1,270,000 
      net income attributable to karat packaging inc.
    		6,810,000 7,325,000 10,934,000 6,409,000 5,615,000 9,094,000 9,100,000 6,166,000 3,898,000 9,065,000 10,502,000 9,005,000 4,541,000 6,096,000 6,344,000 6,667,000 5,629,000 3,786,000 9,583,000 1,780,000 
      basic and diluted earnings per share:
    		                    
      basic
    		0.34 0.36 0.55 0.32 0.28 0.45 0.46 0.31 0.19 0.46 0.53 0.45 0.23 0.31 0.32 0.34 0.29 0.19 0.51 0.12 
      diluted
    		0.34 0.36 0.54 0.32 0.28 0.45 0.45 0.31 0.2 0.45 0.53 0.45 0.23 0.31 0.32 0.34 0.28 0.19 0.5 0.12 
      weighted-average common shares outstanding, basic
    		20,057,549 20,091,476 20,058,247 20,036,505 20,002,211 20,017,774 19,994,250 19,969,606 19,904,698 19,890,646 19,886,585 19,886,585 19,824,911 19,809,417 19,809,417 19,807,584 18,409,243 19,710,043 18,908,648  
      weighted-average common shares outstanding, diluted
    		20,180,070 20,201,285 20,191,111 20,198,654 20,124,284 20,133,813 20,113,842 20,075,485 19,977,712 19,994,648 19,953,510 19,939,923 19,925,905 19,938,042 19,926,695 19,901,384 18,566,260 19,881,295 19,025,871  
      other (expenses) income
    		  -82,000                  
      total other (expenses) income
    		  -2,039,000                  
      impairment expense and loss, net, on disposal of machinery
    		    254,000 -27,000 531,000 1,994,000 294,000 -310,000           
      other income (expenses)
    		    8,000 48,000 51,000              
      operating expenses:
    		                    
      total other income (expenses)
    		      953,000 375,000             
      selling expense
    		        6,375,000 8,004,000 8,871,000  7,054,500 9,413,000 9,468,000 9,337,000 6,006,500 9,855,000 7,771,000 6,400,000 
      general and administrative expense
    		        13,441,750 19,870,000 17,192,000  12,250,000 16,845,000 16,694,000 15,461,000 9,871,250 14,573,000 13,457,000 11,455,000 
      impairment expense and loss on disposal of machinery
    		          2,459,000          
      other expense
    		           -208,000         
      gain on forgiveness of debt
    		                  5,000,000  
      loss on foreign currency transactions
    		                -65,000 -63,000 -119,000 -165,000 
      income before provision for income tax
    		                5,115,500 5,341,000 10,885,000 4,236,000 
      provision for income tax
    		                1,000,250 1,268,000 1,547,000 1,186,000 
      gain on sale of asset
    		                    
      weighted average common shares outstanding, basic
    		                   15,167,000 
      weighted average common shares outstanding, diluted
    		                   15,403,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
                          
        assets
      		                    
        current assets
      		                    
        cash and cash equivalents
      		37,880,000 24,022,000 30,549,000 32,473,000 31,584,000 38,903,000 19,311,000 13,144,000 23,076,000 28,162,000 18,257,000 23,225,000 16,041,000 7,531,000 3,501,000 6,820,000 6,483,000 1,679,000 7,682,000 961,000 
        short-term investments
      		 19,946,000 26,443,000 23,800,000 28,343,000 21,531,000 32,743,000 33,515,000 26,343,000 18,063,000 28,000,000 10,000,000         
        accounts receivable
      		36,402,000 37,868,000 36,385,000 32,401,000 26,736,000 33,868,000 33,683,000 30,111,000 27,763,000 33,984,000 32,816,000 32,973,000 29,912,000 36,732,000 38,473,000 43,337,000 32,776,000 33,276,000 32,598,000 25,579,000 
        inventories
      		81,682,000 84,134,000 88,779,000 79,906,000 70,722,000 70,918,000 79,841,000 79,272,000 71,528,000 71,657,000 76,295,000 70,909,000 71,206,000 73,286,000 85,475,000 77,337,000 58,472,000 60,207,000 62,248,000 46,065,000 
        prepaid expenses and other current assets
      		5,224,000 4,709,000 4,095,000 3,399,000 3,612,000 4,869,000 4,265,000 4,492,000 6,219,000 6,823,000 5,631,000 4,448,000 6,641,000 7,258,000 6,691,000 6,036,000 5,141,000 5,690,000 3,431,000 3,422,000 
        total current assets
      		161,188,000 170,679,000 186,251,000 171,979,000 160,997,000 170,089,000 169,843,000 160,534,000 154,929,000 158,689,000 160,999,000 141,555,000 123,800,000 124,807,000 134,140,000 133,530,000 102,872,000 100,852,000 105,959,000 76,027,000 
        property and equipment
      		81,159,000 84,168,000 83,495,000 86,155,000 87,982,000 90,132,000 92,281,000 93,853,000 95,226,000 96,690,000 95,705,000 99,416,000 95,568,000 94,346,000 95,044,000 92,138,000 93,475,000 94,041,000 92,936,000 93,865,000 
        deposits
      		 2,000  172,000 36,000 282,000 159,000 229,000 1,047,000 1,672,000 5,997,000 11,700,000 12,413,000 15,610,000 13,287,000 10,440,000 6,885,000 4,237,000 4,151,000 2,845,000 
        goodwill
      		3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 3,510,000 
        intangible assets
      		273,000 280,000 287,000 293,000 300,000 307,000 313,000 320,000 327,000 333,000 340,000 347,000 353,000 360,000 367,000 373,000 380,000 387,000 393,000 400,000 
        operating right-of-use assets
      		40,299,000 42,969,000 46,187,000 48,831,000 40,628,000 41,391,000 43,403,000 19,360,000 20,739,000 17,068,000 18,404,000 14,716,000 15,713,000        
        deferred tax assets
      		255,000                    
        other non-current assets
      		1,002,000 1,033,000 1,037,000 1,080,000 1,069,000 1,092,000 1,184,000 1,232,000             
        total assets
      		287,686,000 302,837,000 320,963,000 312,216,000 294,522,000 306,803,000 310,693,000 279,038,000 276,397,000 279,964,000 286,925,000 273,280,000 252,175,000 239,460,000 247,188,000 240,380,000 207,599,000 203,490,000 207,083,000 176,870,000 
        liabilities and stockholders’ equity
      		                    
        current liabilities
      		                    
        accounts payable
      		26,323,000 25,272,000 33,160,000 24,518,000 17,831,000 23,375,000 24,316,000 21,394,000 18,446,000 19,384,000 23,384,000 17,740,000 18,559,000 18,929,000 23,325,000 24,073,000 18,470,000 19,028,000 24,354,000 17,186,000 
        accrued expenses
      		13,460,000 16,210,000 14,228,000 14,868,000 13,555,000 12,751,000 13,947,000 11,318,000 10,576,000 8,858,000 7,946,000 7,878,000 9,005,000 8,469,000 7,873,000 8,343,000 7,813,000 8,161,000 6,584,000 5,510,000 
        related party payable
      		4,672,000 3,120,000 7,974,000 5,057,000 3,130,000 3,963,000 3,873,000 5,300,000 5,306,000 2,555,000 7,127,000 9,907,000 4,940,000 4,858,000 3,204,000 1,260,000 2,003,000 2,611,000 3,608,000 3,420,000 
        income taxes payable
      		  151,000 2,189,000 65,000     8,010,000 5,105,000 1,782,000  196,000  1,977,000 85,000 106,000   
        deferred revenue
      		713,000 1,116,000 1,137,000 1,137,000 742,000 909,000               
        long-term debt, current portion
      		12,941,000 21,100,000 1,206,000 1,190,000 1,179,000 1,165,000 1,150,000 1,139,000 1,122,000 1,111,000 971,000 962,000         
        operating lease liabilities, current portion
      		11,982,000 11,647,000 11,545,000 10,996,000 8,977,000 8,616,000 7,758,000 4,439,000 4,800,000 4,927,000 5,078,000 4,506,000 4,511,000        
        other current liabilities
      		129,000 139,000 97,000 128,000 968,000 3,700,000 3,686,000 3,875,000             
        total current liabilities
      		70,220,000 79,604,000 69,498,000 60,083,000 46,447,000 54,479,000 55,607,000 48,190,000 44,401,000 45,697,000 50,722,000 44,182,000 39,253,000 34,828,000 37,413,000 39,825,000 30,764,000 32,514,000 40,137,000 39,551,000 
        deferred tax asset
      		 196,000 196,000 196,000              64,000 64,000 64,000 
        line of credit
      		 1,000,000                 3,239,000 33,239,000 
        deferred tax liability
      		 622,000               5,634,000   6,181,000 
        long-term debt
      		 23,031,000               35,339,000   51,048,000 
        operating lease liabilities, net of current portion
      		 35,252,000                   
        other non-current liabilities
      		 2,742,000                   
        total liabilities
      		 141,251,000               75,574,000   133,952,000 
        commitments and contingencies
      		                    
        karat packaging inc. stockholders’ equity
      		                    
        preferred stock, 0.001 par value...
      		                    
        common stock, 0.001 par value...
      		 20,000                  15,000 
        additional paid in capital
      		 90,800,000                  13,981,000 
        treasury stock, 0.001 par value...
      		 -248,000                  -248,000 
        retained earnings
      		 63,909,000                  20,436,000 
        total karat packaging inc. stockholders’ equity
      		 154,481,000                  34,184,000 
        noncontrolling interest
      		 7,105,000                  8,734,000 
        total stockholders’ equity
      		 161,586,000                  42,918,000 
        total liabilities and stockholders’ equity
      		 302,837,000                  176,870,000 
        customer deposits
      		      877,000 725,000 951,000 803,000 979,000 955,000 1,281,000 1,186,000 1,619,000 1,448,000 1,215,000 1,125,000 1,209,000 635,000 
        other assets
      		        619,000 2,002,000 1,970,000 2,036,000 818,000 827,000 840,000 389,000 477,000 399,000 70,000 159,000 
        other payables
      		        3,200,000 49,000 132,000 452,000  242,000 482,000      
        debt, current portion
      		            957,000 948,000 910,000 1,190,000 1,178,000 1,166,000 711,000 11,841,000 
        other payable
      		               1,534,000     
        credit cards payable
      		                 131,000 125,000 634,000 
        capital leases, current portion
      		                 186,000 307,000 325,000 
        capital leases, net of current portion
      		                   207,000 
        other liabilities
      		                3,837,000   3,726,000 
        net sales
      		                   75,673,000 
        cost of goods sold
      		                   54,047,000 
        gross profit
      		                   21,626,000 
        operating expenses:
      		                    
        selling expense
      		                   6,400,000 
        general and administrative expense
      		                   11,455,000 
        total operating expenses
      		                   17,855,000 
        operating income
      		                   3,771,000 
        other income
      		                   106,000 
        rental income
      		                   246,000 
        loss on foreign currency transactions
      		                   -165,000 
        interest income
      		                   278,000 
        total other income
      		                   465,000 
        income before benefit from income tax
      		                   4,236,000 
        benefit from income tax
      		                   1,186,000 
        net income
      		                   3,050,000 
        net income attributable to noncontrolling interest
      		                   1,270,000 
        net income attributable to karat packaging inc.
      		                   1,780,000 
        basic and diluted earnings per share:
      		                    
        basic
      		                   0.12 
        diluted
      		                   0.12 
        weighted-average common shares outstanding, basic
      		                   15,167,000 
        weighted-average common shares outstanding, diluted
      		                   15,403,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
                            
          cash flows from operating activities
        		                    
          net income
        		7,194,000 7,603,000 11,052,000 6,815,000 5,859,000 9,262,000 9,227,000 6,476,000 4,177,000 9,140,000 10,677,000 9,186,000 4,541,000 6,153,000 7,200,000 7,943,000 5,978,000 4,073,000 9,338,000 3,050,000 
          adjustments to reconcile net income to net cash from operating activities:
        		                    
          depreciation and amortization
        		2,759,000 2,766,000 2,678,000 2,688,000 2,695,000 2,691,000 2,660,000 2,629,000 2,725,000 2,708,000 2,717,000 2,633,000 2,653,000 2,604,000 2,564,000 2,584,000 2,567,000 2,534,000 2,479,000 2,464,000 
          adjustments to allowance for bad debt
        		81,000 135,000 -270,000 222,000 256,000 72,000 152,000 -12,000             
          adjustments to inventory reserve
        		160,000 -150,000 -30,000 90,000 -80,000 -5,000 335,000 40,000 -372,000 381,000 -696,000 288,000         
          write-off of inventories
        		                    
          impairment of operating right-of-use asset
        		    0 0 0 1,993,000             
          loss, net, on disposal of property and equipment
        		210,000 -403,000 -283,000 -17,000                 
          amortization of loan fees
        		45,000 33,000 24,000 23,000 23,000 23,000 23,000 23,000 24,000 17,000 23,000 17,000 12,000 10,000 9,000 9,000 9,000 3,000 3,000 3,000 
          accrued interest on certificates of deposit
        		   -48,000 149,000 100,000 -173,000 -126,000 -92,000            
          stock-based compensation
        		138,000 253,000 445,000 346,000 350,000 400,000 940,000 375,000 27,000 250,000 216,000 277,000 273,000 598,000 565,000 611,000 938,000 848,000   
          amortization of operating right-of-use assets
        		2,668,000 2,661,000 2,645,000 2,253,000 2,148,000 2,013,000 1,995,000 1,466,000 1,352,000 1,336,000 1,284,000 997,000         
          deferred income taxes
        		                    
          government grant income
        		-17,000 -18,000 -17,000 -18,000                 
          decrease in operating assets
        		                    
          accounts receivable
        		1,385,000 -1,618,000 -3,714,000 -5,887,000 6,876,000 -257,000 -3,724,000 -2,336,000 6,259,000 -1,338,000 348,000 -2,409,000 6,922,000 1,780,000 4,213,000 -11,061,000 500,000 -678,000 -7,019,000 -1,741,000 
          inventories
        		1,935,000 4,531,000 -9,222,000 -9,191,000 -37,000 8,234,000 -1,062,000 -8,077,000 -171,000 3,976,000 -7,418,000 -207,000 -955,000 12,261,000 -8,175,000 -19,341,000 1,800,000 1,908,000 -16,183,000 3,049,000 
          prepaid expenses and other current assets
        		-602,000 -309,000 -689,000 257,000 1,375,000 -575,000 249,000 1,727,000 -897,000 -47,000 -545,000 1,023,000 750,000 -567,000 -802,000 -895,000 549,000 -2,259,000 -9,000 3,108,000 
          other non-current assets
        		31,000 0 8,000 -24,000 -5,000 91,000 25,000 -190,000             
          increase in operating liabilities
        		                    
          accounts payable
        		1,051,000 -8,836,000 8,842,000 6,734,000 -5,789,000 -771,000 2,933,000 3,367,000 -1,005,000 -2,305,000 5,984,000 -1,978,000 -370,000 -4,396,000 -671,000 5,526,000 -558,000 -5,326,000 7,168,000 -2,883,000 
          accrued expenses
        		-2,750,000 1,982,000 -640,000 1,313,000 804,000 -1,196,000 2,629,000 742,000 1,718,000 912,000 68,000 -1,127,000 441,000 578,000 22,000 530,000 -348,000 1,577,000 1,074,000 551,000 
          related party payable
        		1,552,000 -4,854,000 2,917,000 1,927,000 -833,000 90,000 -1,427,000 -6,000 2,751,000 -4,572,000 -2,780,000 4,967,000 82,000 1,654,000 1,944,000 -743,000 -608,000 -997,000 188,000 -1,618,000 
          income taxes payable
        		0 -151,000 -2,038,000 2,124,000      2,905,000 3,323,000 1,782,000 -196,000 196,000 -1,977,000 1,892,000 -21,000 106,000 0 -41,000 
          deferred revenue
        		-283,000 -141,000 0 395,000 149,000                
          operating lease liabilities
        		-2,841,000 -2,767,000 -2,309,000 -2,337,000 -2,192,000 -1,394,000 -1,619,000 -1,474,000             
          other liabilities
        		-11,000 43,000 -32,000 98,000 1,000 14,000   402,000 0 150,000 22,000 -1,000 141,000   0 1,000   
          net cash from operating activities
        		15,357,000 982,000   8,250,000 19,478,000 13,695,000 6,559,000 10,291,000 12,035,000 16,868,000 14,185,000 16,975,000 20,245,000 3,681,000 -11,427,000 9,925,000 1,441,000 -7,191,000 4,504,000 
          capital expenditures
        		-222,000 665,000   -218,000 -297,000 -293,000 -4,000 112,000 -1,802,000 -1,114,000 117,000 -650,000 -392,000 -791,000 -824,000 -228,000 -2,990,000 -684,000 -273,000 
          free cash flows
        		15,135,000 1,647,000   8,032,000 19,181,000 13,402,000 6,555,000 10,403,000 10,233,000 15,754,000 14,302,000 16,325,000 19,853,000 2,890,000 -12,251,000 9,697,000 -1,549,000 -7,875,000 4,231,000 
          cash flows from investing activities
        		                    
          purchases of property and equipment
        		-236,000 -246,000 -167,000 -107,000 -216,000 -303,000 -252,000 -163,000 35,000 -1,054,000 -774,000 -1,042,000 -650,000 -392,000 -791,000 -824,000 -228,000 -2,990,000 -684,000 -273,000 
          proceeds from disposal of property and equipment
        		907,000 127,000 416,000 59,000 17,000     577,000 3,000 25,000 1,000 41,000       
          deposits paid for property and equipment
        		-505,000 -2,255,000 0 -989,000 -544,000 -549,000 -1,280,000 -761,000 -919,000 -1,567,000 -2,105,000 -1,718,000 -619,000 -3,875,000 -3,625,000 -3,971,000 -4,414,000 -803,000 -2,068,000 -921,000 
          purchases of publicly-traded equity securities
        		0 0 -239,000 -212,000                 
          proceeds from disposal of publicly-traded equity securities
        		0 0 312,000 191,000                 
          purchases of short-term investments
        		0 0 -8,152,000 -8,148,000 -17,215,000 -11,078,000 -10,323,000 -12,190,000             
          redemption of short-term investments
        		19,906,000 6,537,000 5,461,000 12,739,000 10,254,000 22,190,000 11,268,000 5,144,000 13,000,000            
          net cash from investing activities
        		19,952,000 4,283,000 -2,369,000 3,533,000 -7,675,000 10,287,000 -520,000 -7,947,000 -8,833,000 7,976,000 -14,632,000 -14,685,000 -1,268,000 -4,226,000 -7,556,000 -4,795,000 -4,642,000 -3,800,000 -2,745,000 -2,094,000 
          cash flows from financing activities
        		                    
          payments on long-term debt
        		    -288,000 -279,000 -277,000 -278,000 -277,000 -257,000 -235,000 -241,000 -234,000 -199,000 -20,872,000 -267,000 -287,000 -16,259,000 -20,838,000 -1,888,000 
          payments for lender fees
        		-60,000 -25,000 -15,000 -47,000     0 0 0 -61,000         
          proceeds from line of credit
        		0            0 1,000,000 9,900,000 10,200,000 0 0   
          repayments on line of credit
        		-1,000,000                    
          proceeds from exercise of common stock options
        		1,000 104,000   284,000 116,000 273,000 52,000 20,000            
          repurchases of common stock
        		                    
          dividends paid to shareholders
        		-9,009,000 -9,043,000 -9,031,000 -9,017,000 -8,010,000 -10,010,000 -7,004,000 -5,992,000 -3,992,000 -9,952,000           
          payment of global wells membership interest tax withholding
        		-42,000 -37,000                   
          payment of global wells noncontrolling membership interest redemption
        		                    
          refund of global wells members' tax withholding payments
        		                    
          payment of global wells noncontrolling membership interest redemption gain tax withholding
        		0 0 0 -879,000                 
          net cash from financing activities
        		-21,451,000 -11,792,000 -9,305,000 -10,370,000 -7,894,000 -10,173,000 -7,008,000 -8,544,000 -6,544,000 -10,106,000 -7,204,000 7,684,000 -7,197,000 -11,989,000 556,000 16,559,000    -1,897,000 
          net increase in cash and cash equivalents
        		13,858,000   889,000 -7,319,000 19,592,000 6,167,000 -9,932,000 -5,086,000 9,905,000 -4,968,000 7,184,000 8,510,000 4,030,000 -3,319,000 337,000 4,804,000 -6,003,000 6,721,000 513,000 
          cash and cash equivalents
        		                    
          beginning of period
        		0 0 0 31,584,000 0 0    0 0 16,041,000         
          end of period
        		13,858,000 -6,527,000 -1,924,000 32,473,000 -7,319,000 19,592,000    9,905,000 -4,968,000 23,225,000         
          supplemental disclosures of non-cash investing and financing activities:
        		                    
          transfers from deposits to property and equipment
        		507,000 2,253,000 172,000 853,000 789,000                
          non-cash purchases of property and equipment
        		14,000 911,000 0 37,000 -2,000 6,000 -41,000 159,000 77,000 -748,000 -340,000 1,159,000         
          non-cash disposal of property and equipment
        		0 280,000                   
          non-cash excise tax on share repurchases
        		                    
          supplemental disclosures of cash flow information:
        		                    
          cash paid for income taxes
        		1,045,000 2,600,000   4,553,000                
          cash paid for interest
        		435,000 527,000 471,000 477,000 470,000 521,000 538,000 502,000 503,000 467,000 605,000 421,000    440,000 423,000 497,000 887,000 1,088,000 
          write-off of inventory
        		 264,000    694,000 158,000 293,000 672,000 281,000 2,728,000 216,000         
          deposits received for sale of property and equipment
        		                    
          payment of long-term debt
        		   -295,000                 
          unrealized loss from investment in publicly-traded equity securities
        		  -44,000 46,000                 
          net decrease in cash and cash equivalents
        		                    
          (recovery) write-off of inventory
        		   -83,000                 
          net cash provided by operating activities
        		   7,726,000                 
          payment of global wells noncontrolling-interest tax withholding
        		   -132,000                 
          income tax refund
        		      3,302,000 13,000             
          impairment of deposits
        		        26,000 0           
          write-off of vendor prepayment
        		                    
          loss, net, on disposal of machinery and equipment
        		    254,000 -27,000 531,000 1,000 294,000            
          payments for costs incurred from sale of machinery and equipment
        		        3,000 20,000           
          deposits paid for joint venture investment
        		        0 0 0 -2,900,000 -1,876,000 0       
          deposits refunded from joint venture investment
        		        0 0 5,950,000 950,000         
          deposits refunded from cancelled machinery orders
        		                    
          proceeds from long-term debt
        		        0 0 0 8,000,000 0 0 20,592,000 6,885,000     
          tax withholding on vesting of restricted stock units
        		        0 0 -4,000 -14,000         
          distributions to shareholders, net of tax withholding
        		                    
          payment for global wells noncontrolling membership interest redemption
        		    0 0 0 -2,326,000             
          deposit refund from cancelled property and equipment purchase
        		         0           
          customer deposits
        		      58,000 -507,000 148,000 -176,000 24,000 -326,000 95,000 -433,000 171,000 233,000 90,000 -84,000 574,000 84,000 
          proceeds on disposal of property and equipment
        		      67,000 23,000             
          transfers from deposit to property and equipment
        		      1,344,000 1,148,000 1,510,000 3,680,000 892,000 4,381,000    416,000 1,766,000 1,877,000 865,000 473,000 
          other non-current liabilities
        		       155,000             
          beginning of year
        		       23,076,000     0 0 0 6,483,000 0 0 0 448,000 
          end of year
        		       13,144,000     8,510,000 4,030,000 -3,319,000 6,820,000 4,804,000 -6,003,000 6,721,000 961,000 
          change in fair value of interest rate swap
        		            0 0 -846,000 -1,313,000 -214,000 -155,000 180,000 -1,323,000 
          other assets
        		        1,514,000 -39,000 -45,000 9,000 9,000 13,000 -1,000 88,000 -78,000 -329,000 89,000 2,000 
          operating lease liability
        		        -1,329,000 -1,108,000 -1,138,000 -1,067,000         
          proceeds from settlement of interest rate swap
        		            0 0       
          purchase of short-term investments
        		        -21,188,000 0 -18,000,000 -10,000,000         
          payments on line of credit
        		            0 -12,600,000   0    
          payments of noncontrolling interest tax withholding
        		            1,000 -190,000 -564,000 -310,000     
          cash paid for income tax
        		        11,456,000 109,000      200,000 1,512,000 1,750,000   
          adjustments to allowance for doubtful accounts
        		         170,000 -191,000 -652,000         
          other payables
        		         -83,000 -320,000 452,000         
          loss on disposal of machinery and equipment
        		                    
          loss on disposal of fixed assets
        		           82,000         
          gain on sale of asset
        		            1,000 -16,000       
          gain on forgiveness of debt
        		                    
          impairment of deposit
        		                    
          deposits
        		            -2,000 20,000   0 80,000 -103,000 -41,000 
          other payable
        		             -240,000 -1,052,000 1,534,000     
          acquisition of pacific cup, inc., net of cash acquired
        		                0 -7,000   
          proceeds from issuance of common stock in connection with initial public offering, net of issuance costs
        		                    
          proceeds from exercise of stock options
        		            0 0 0 51,000     
          payments on capital lease obligations
        		                -292,000 -143,000 -97,000 -79,000 
          acquisition price of pacific cup, inc. included within deposits
        		                    
          adjustments to accounts receivable reserves
        		             -39,000       
          adjustments to inventory reserves
        		             -72,000       
          provision for bad debt
        		               500,000     
          reserve for inventory obsolescence
        		               476,000 -65,000    
          acquisition of pacific cup, inc. included within deposits
        		                 0 0 100,000 
          due from affiliated companies
        		                    
          credit cards payable
        		                -131,000 6,000 -509,000 -160,000 
          effect on initial consolidation of lollicup franchising inc, net of cash acquired
        		                    
          treasury stock acquired
        		                    
          capital expenditures funded by capital lease borrowings
        		                    
          gain on sales of asset
        		                    
          gain on forgiveness of ppp loan
        		                 0   
          proceeds from long-term debt, net of issuance cost
        		                    
          issuance of common stock in connection with initial public offering, net of issuance costs
        		                    
          net cash provided by financing activities
        		                 -3,644,000   
          forgiveness of ppp loan
        		                 0   
          net payments on line of credit
        		                    
          issuance of common stock in connection with our initial public offering, net of issuance costs
        		                    
          acquisition of pacific cup, inc.
        		                   -900,000 
          net proceeds from line of credit
        		                   70,000