Goodwill represents the excess of the cost of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in a business combination. At January 1, 2022 and April 3, 2021, the Company had goodwill of $192.0 million and $191.8 million, respectively.

The components of amortizable intangible assets were as follows:


(Dollars in thousands)	January 1, 2022									April 3, 2021
	Customer Relationships			Trade Names			Total			Customer Relationships			Trade Names			Total
Gross carrying amount	$	61,913		$	21,389		$	83,302		$	61,963		$	21,409		$	83,372
Accumulated amortization		(22,336	)		(7,795	)		(30,131	)		(18,158	)		(6,379	)	$	(24,537	)
Amortizable intangibles, net	$	39,577		$	13,594		$	53,171		$	43,805		$	15,030		$	58,835

During the three months ended January 1, 2022 and December 26, 2020, amortization of intangible assets was $1.9 million and $1.4 million, respectively. During the nine months ended January 1, 2022 and December 26, 2020, amortization of intangible assets was $5.7 million and $4.1 million, respectively.

The Company capitalizes costs associated with the development of cloud computing arrangements in a manner consistent with internally developed software. At January 1, 2022 and April 3, 2021, the Company had capitalized cloud computing costs of $15.7 million and $0.3 million, respectively. Cloud computing costs are included in other noncurrent assets in the accompanying Consolidated Balance Sheets. There was no amortization of capitalized cloud computing costs during the three and nine months ended January 1, 2022 and December 26, 2020 as the related systems have not yet been placed in service.