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Revenues
 3 Months Ended
Aug. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenues REVENUES
Disaggregated Revenue Data

The following table presents the Company’s disaggregated revenues by region and domestic channel:
Three months ended
August 31,August 31,
20202019
U.S. Book Clubs$5.8 $8.0 
U.S. Book Fairs13.2 27.5 
U.S. Trade65.8 67.7 
U.S. Education53.5 48.4 
Non-U.S. Major Markets(1)
56.6 56.3 
Non-U.S. Other Markets(2)
20.3 24.7 
Total Revenues$215.2 $232.6 
(1) - Includes Canada, UK, Australia and New Zealand.
(2) - Primarily includes markets in Asia.

Estimated Returns

A liability for expected returns of $43.1, $43.5, and $35.5 is recorded within Other accrued expenses as of August 31, 2020, May 31, 2020, and August 31, 2019, respectively. In addition, a return asset of $4.1, $2.7, and $1.8 is recorded within Prepaid expenses and other current assets as of August 31, 2020, May 31, 2020, and August 31, 2019, respectively, for the recoverable cost of product estimated to be returned by customers.

Deferred Revenue

The Company's contract liabilities consist of advance billings and payments received from customers in excess of revenue recognized and 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. The Company recognized revenue which was included in the opening deferred revenue balance in the amount of $16.9 and $18.8 for the three months ended August 31, 2020 and August 31, 2019, respectively.

Allowance for Credit Losses

The Company recognizes an allowance for credit losses on trade receivables that are expected to be incurred over the lifetime of the receivable. Reserves for estimated credit losses are established at the time of sale and are based on relevant information about past events, current conditions, and supportable forecasts impacting its ultimate collectability, including specific reserves on a customer-by-customer basis, creditworthiness of the Company’s customers and prior collection experience. At the time the Company determines that a receivable balance, or any portion thereof, is deemed to be permanently uncollectible, the balance is then written off.

The following table presents the change in the allowance for credit losses, which is presented net in Accounts Receivable on the Condensed Consolidated Balance Sheets:

Allowance for Credit Losses
Balance as of June 1, 2020$19.9 
Current period provision1.4 
Write-offs and other(0.4)
Balance as of August 31, 2020$20.9