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Subsequent Events
3 Months Ended
Mar. 31, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent EventsOn [May _, 2023], the Company, LFS and LHLLC entered into a second amendment and restatement to the A&R Wintrust Credit Agreement (the “Second A&R Credit Agreement”), which increased the Company's revolving commitments from $25.0 million to an aggregate principal amount of $50.0 million (the “Second A&R Wintrust Revolving Loan”), required the Company to repay the then outstanding balance under the A&R Wintrust Term Loan facility and extended the maturity date of the revolving credit facility to February 24, 2028. On [May _, 2023], the Company repaid $9.6 million of the then outstanding balance under the A&R Wintrust Term Loan with the remaining $10.0 million deemed to be outstanding under the Second A&R Wintrust Revolving Loan and governed by the terms and conditions contained in the Second A&R Credit Agreement. The Second A&R Wintrust Revolving Loan bears interest, at LFS’s option, at either the Term SOFR (as defined in the Second A&R Credit Agreement) (with a 0.15% floor) plus 3.10%, 3.26% or 3.42% for a tenor of one month, three months or six months, respectively, or a base rate (as set forth in the A&R Credit Agreement) (with a 3.0% floor), subject to a 50 basis point step-down based on the ratio between the senior debt of the Company and its subsidiaries to the EBITDA of LFS and its subsidiaries for the most recently ended four fiscal quarters.