Balance Sheet Components

Content Library

Content library consisted of the following:



	As of
	June 30, 2015			December 31, 2014
	(in thousands)
Total content library, gross	$	10,253,672		$	8,497,403
Accumulated amortization	(4,101,959		)	(3,598,375		)
Total content library, net	6,151,713			4,899,028
Current content library, net	2,510,946			2,125,702
Non-current content library, net	$	3,640,767		$	2,773,326

Content library includes costs capitalized for licensed streaming content, for production of original content and for DVD content.

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:



	As of
	June 30, 2015			December 31, 2014			Estimated Useful Lives
	(in thousands)
Information technology assets	$	185,943		$	189,274		3 years
Furniture and fixtures	25,825			25,758			3 years
Building	40,681			40,681			30 years
Leasehold improvements	61,453			57,339			Over life of lease
DVD operations equipment	89,132			89,144			5 years
Capital work-in-progress	50,135			12,495
Property and equipment, gross	453,169			414,691
Less: Accumulated depreciation	(281,773		)	(264,816		)
Property and equipment, net	$	171,396		$	149,875

Capital work-in-progress as of June 30, 2015 consists primarily of $41.5 million of leasehold improvements and furniture for the Company's headquarters expansion not yet placed into service.