Revenues

3 Months Ended

Aug. 31, 2019

Revenue from Contract with Customer [Abstract]

REVENUES

Disaggregated Revenue Data

The following table presents the Company’s revenues disaggregated by region and domestic channel:



Three months ended August 31,	2019	2018
U.S. Book Clubs	$8.0	$9.1
U.S. Book Fairs	27.5	25.2
U.S. Trade	67.7	61.4
U.S. Education	48.4	47.9
Non-U.S. Major Markets⁽¹⁾	56.3	50.3
Non-U.S. Other Markets⁽²⁾	24.7	24.5
Total Revenues	$232.6	$218.4

(1) - Includes Canada, UK, Australia and New Zealand.

(2) - Primarily includes markets in Asia.

Estimated Returns

A liability for expected returns of $35.5, $34.5, and $45.4 is recorded within Other accrued expenses on the Company's Condensed Consolidated Balance Sheets as of August 31, 2019, May 31, 2019, and August 31, 2018, respectively. In addition, a return asset of $1.8, $1.6, and $3.5 is recorded within Prepaid expenses and other current assets as of August 31, 2019, May 31, 2019, and August 31, 2018, respectively, for the recoverable cost of product estimated to be returned by customers.

Deferred Revenue

The Company's contract liabilities consist of 1) advance billings and payments received from customers in excess of revenue recognized and 2) revenue allocated to outstanding book fairs incentive credits. These liabilities are recorded within Deferred revenue on the Company's Condensed Consolidated Balance Sheets and are classified as short term, as substantially all of the associated performance obligations are expected to be satisfied, and related revenue recognized, within one year. For the three months ended August 31, 2019, the Company recognized $18.8 of revenue which was included within the June 1, 2019 deferred revenue balance.