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Revenues Revenues
 12 Months Ended
May 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenues REVENUES
Disaggregated Revenue Data

The following table presents the Company’s revenues disaggregated by region and channel during the year ended May 31:
202120202019
U.S. Book Clubs$145.1 $156.8 $212.4 
U.S. Book Fairs164.3 383.8 499.6 
U.S. Trade328.9 306.8 275.4 
U.S. Education311.7 287.1 297.3 
Non-U.S. Major Markets(1)
256.0 256.6 257.9 
Non-U.S. Other Markets(2)
94.3 96.0 111.3 
Total Revenues$1,300.3 $1,487.1 $1,653.9 
(1) - Includes Canada, UK, Australia and New Zealand.
(2) - Primarily includes markets in Asia.

In fiscal 2021, the Company had one customer that accounted for more than 10% of consolidated revenues. Total revenues from this customer were $152.7, or approximately 12% of consolidated revenues during the year ended May 31, 2021. Approximately $119.7 was reported within the Children's Book Publishing & Distribution segment, $8.8 in the Education segment and $24.2 in the International segment. In fiscal 2020 and fiscal 2019, there were no customers that accounted for more than 10% of consolidated revenues.

Estimated Returns

A liability for expected returns of $45.2 and $43.5 was recorded within Other accrued expenses on the Company's Consolidated Balance Sheets as of May 31, 2021 and 2020, respectively. In addition, a return asset of $3.4 and $2.7 was recorded within Prepaid expenses and other current assets as of May 31, 2021 and 2020, 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 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 amount of revenue recognized during the years ended May 31, 2021 and 2020 included within the opening Deferred revenue balance was $73.3 and $121.8, respectively. The majority of the unrecognized Deferred revenue balance included within the opening balance relates to the book fairs business, as schools were unable to hold fairs and redeem incentive credits due to COVID-19.
Allowance for Credit Losses

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

Allowance for Credit Losses
Balance as of June 1, 2020 $19.9 
Current period provision5.2 
Write-offs and other (3.7)
Balance as of May 31, 2021$21.4