A counterbalanced arm assembly is disclosed which includes a mounting bracket and a first arm pivotally connected to the mounting bracket along a first pivot axis. The first arm includes an inner arm located within it which is pivotally connected to the mounting bracket along a second pivot axis. A spring carrier is located near the first pivot axis and a tension spring is connected between the carrier and the bracket. The spring carrier includes a lower end defining a pair of spaced bearing surfaces located respectively to engage a pair of bearing surfaces on the bracket, with the spring biasing the bearing surfaces into engagement and providing the counterbalancing forces for the arm assembly. The bearing surfaces of the spring carrier are located on opposite sides of the first pivot axis so that as the first arm is pivoted about its first pivot axis in either direction from the vertical, one or the other of the spring carrier bearing surfaces engages the bearing surfaces of the bracket causing the glider to exert a counterbalancing force against one or the other of the inner surfaces of the first arm. The spring provides the exact counterbalancing force to the arm assembly at all angles to which the arm can be moved.