Smith International, Inc. (Smith) is a global provider of products and services to the oil and gas exploration and production industry. The Company provides a line of technologically-advanced products and engineering services, including drilling and completion fluid systems, solids-control and separation equipment, waste-management services, oilfield production chemicals, three-cone and diamond drill bits, turbine products, tubulars, fishing services, drilling tools, underreamers, casing exit and multilateral systems, packers and liner hangers. The Company also offers supply-chain management solutions through an extensive North American branch network providing pipe, valves and fittings as well as mill, safety and other maintenance products. Smith operates in two segments: Oilfield and Distribution. On May 16, 2007, Smith Services acquired D.S.I. Inspection Services, Inc. (DSI).