Mattel Inc.s 2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,022 thousand, and net nonoperating expense before tax of $109,491 thousand. Assume Mattels statutory tax rate for 2016 is 37%. Mattels 2016 tax shield is:

		$ 68,979 thousand
		$ 40,512 thousand
		$ 277,510 thousand
		$ 186,460 thousand
		None of the above